News That Matters

Tag: cash

Branson hunts cash for Virgin space ventures

Branson hunts cash for Virgin space ventures

Technology
By Mark Kleinman, City editor Sir ‎Richard Branson is hunting new funds for his commercial space ventures, months after halting a $ 1bn (£775m) Saudi-funded deal amid an international furore over the murder of Jamal Khashoggi.Sky News ‎has learnt that the Virgin Group founder has hired LionTree Advisors, a corporate finance firm, to help raise hundreds of millions of pounds to inject into Virgin Galactic and Virgin Orbit. Discussions with prospective investors, including sovereign wealth funds, private equity firms, high net worth individuals and strategic partners, are already under way, according to people close to the process.LionTree's appointment is understood to have been made on the back of expressions of investor interest that foll...
Next government shutdown: How to build a cash cushion when your income is cut off

Next government shutdown: How to build a cash cushion when your income is cut off

Finance
There's one thing the record 35-day government shutdown made clear: Americans aren't saving for a rainy day. "The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority," said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from jobs site CareerBuilder. Just 40 percent of Americans are able to cover an unexpected $ 1,000 expense with their savings, according to a separate survey from pers...
Norwegian Air seeks cash injection

Norwegian Air seeks cash injection

Business
Norwegian Air wants to raise 3bn Norwegian kroner (£268m) through a rights issue to improve its finances.The news comes as the company announced that its preliminary earnings for 2018 showed an operating loss of roughly 3.8bn kroner.The budget carrier said it was not in talks with any potential buyers after British Airways owner IAG abandoned its plans to buy it last week.In early trading on Tuesday, the company's shares plunged by 16%.Billionaire John Fredriksen and the airline's chief executive Bjorn Kjos and chairman Bjorn Kise have all agreed to underwrite the issue.Mr Kjos explained that the airline was going to change its strategic focus from growth to making cost savings."We will now get in place a strengthened balance sheet that supports the...
Diwali drained Rs 50,000 crore cash from banks

Diwali drained Rs 50,000 crore cash from banks

Finance
Close to Rs 50,000 crore moved out of banks as Indian accountholders withdrew wads of cash ahead of Diwali. According to data released by the RBI, currency in circulation shot up to Rs 20.2 lakh crore as on November 9 — an increase of Rs 49,418 crore in the Diwali week, the highest growth ever outside the demonetisation period. The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes. After demonetisation, the year-on-year growth in currency in circulation had been negative for 53 weeks. The currency in circulation recovered to pre-demonetisation level of nearly Rs 18 lakh crore in March this year. While there were indications tha
No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

Entertainment
The Kardashian family net worth ranges from $ 900 million (£693 million) to $ 10 million (£7.7 million).While Kylie Jenner has a whopping empire with her beauty business, solo show and Keeping Up With the Kardashians, her other siblings haven't been quite so lucky.One in particular, is her older brother Rob Kardashian, who is struggling to dish out money for his daughter.He pays a whopping $ 20,000 (£15.5k) a month in child support for his two-year-old, Dream. Related Articles Paying the money to his ex girlfriend, Blac Chyna, he reportedly can't keep up with the hefty payments.According to TMZ, Rob has said he's "basically broke" and can't continue to pay.Although he agreed the cost in September 2017, Chyna's lawyer, Lisa Bloom, admitted they...