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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.
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.
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.
SINGAPORE: Oil prices stabilised on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela.
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.
The problem kept a safety feature found on earlier models from functioning on the 737 MAX
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.
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.
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.