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Added on the 18/01/2018 15:23:25 - Copyright : Wochit
Gizmodo reports ailing theater chain AMC might be totally broke by the end of 2020. In financial filings, the company disclosed on Tuesday that it may require 'additional sources of liquidity or increases in attendance levels' to survive. In other words, it'll need more cash or more butts on seats--or both. The company cites low attendance and a delayed movie release schedule during the coronavirus pandemic. If those don’t change, AMC may pursue additional debt and equity financing, renegotiations with landlords, asset sales, or joint ventures. They're not alone. Competitor Regal Cinemas has also disclosed it will need fresh funds by early 2021 if the winter results in 'prolonged' shutdowns.
Consumer inflation in China slowed more than forecasted pressuring the central bank to curb further deflationary risks. Meg Teckman reports.
The euro has extended losses into a sixth straight day to trade near a nine-year low as investors bet the ECB was getting closer to adopting quantitative easing to ward off deflation. As Sonia Legg reports a slump in German industrial orders and concerns over Greece reinforced bearish views of the single currency.
Brent crude oil has fallen almost $2 a barrel hitting a new five-year low. As Sonia Legg reports the slump followed predictions that oversupply will keep building until next year after OPEC decided not to cut output.
Gorgeous Teri Hatcher hit the talk show circuit to promote her role in "Planes". She also sat down to talk to us about the possibility of a "Desperate Housewives" movie.
The Lebanese pound sinks to a historic low against the dollar on the parallel market, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback on Tuesday, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019. IMAGES
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