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Business

Fitch Ratings: Tariffs on China to hit US corporations

CHICAGO: US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings.

Business

Tariff war renewed? How US-China talks could play out

WASHINGTON: President Donald Trump’s latest trade gamble has set the stage for a tense round of negotiations this week between the US and China that will have markets on edge.

Business

India’s IndiGo prepares for another ‘large’ Airbus order

NEW DELHI: IndiGo is in talks with Airbus SE for another large plane order in a sign Asia’s biggest budget carrier has no intention of letting up on a blistering pace of expansion.

Business

Oil prices firm amid US sanctions on Iran, Venezuela(Update)

SINGAPORE: Oil prices stabilised on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela.

Business

Barakah and Minsheng to explore O&G projects

KUALA LUMPUR: Barakah Offshore Petroleum Bhd (Barakah) has entered into a heads of agreement with Minsheng Financial Leasing Co Ltd to form a strategic partnership to explore areas of collaboration in relation to oil and gas (O&G) projects under the latter’s portfolio.

Business

Boeing knew about safety-alert problem for a year before telling FAA, airlines

The problem kept a safety feature found on earlier models from functioning on the 737 MAX

Business

Billionaire Buffett says he has been an 'idiot' not to buy into Amazon.com

NEW YORK: Billionaire Warren Buffett said Berkshire Hathaway Inc has bought shares of internet retailing giant Amazon.com Inc for the first time, though he has not been the one doing the buying, CNBC reported on Thursday.

Business

AirAsia’s Philippines unit plans over US$200mil IPO

MANILA: The Philippines unit of AirAsia Group Bhd AIRA.KL hopes to push through with its initial public offering (IPO) this year to raise more than US$200mil to expand capacity, the regional carrier’s chief executive said.

Business

Europe tries to sidestep the US finance system

The standoff between the Trump administration and Iran is escalating, and Europe is caught in the middle.

Business

India bank says liabilities the biggest hurdle to Jet Air sale

New DelHI: The top lender of ailing Jet Airways India Ltd said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor.