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PARIS: Frantic dealmaking in the closing weeks of 2017 saw Airbus overtake Boeing Co's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380
HONG KONG: A unit of HNA Group Co sought more time to complete the arrangement of a second bridge loan it took to finance a luxury real-estate development in Hong Kong as the Chinese conglomerate juggles its borrowings following a debt-fuelled acquisition spree.
SINGAPORE: In an attempt to boost investor confidence in Singapore’s capital markets and support innovation, a council formed by the city-state’s central bank released a consultation paper yesterday revising its recommendations for corporate governance.
NEW YORK: Oil prices ended higher on Wednesday ahead of the release of U.S. petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories.
ALGIERS: Algeria’s state-run energy producer Sonatrach has signed an agreement with oil-trading Vitol Group to ship crude to Italy to be processed and sent back as refined products, in the first deal of its kind to trim the country’s US$2bil annual bill for imported fuel.
MANILA: Philippine central bank governor Nestor Espenilla said it’s getting harder to cut the reserve requirement ratio for lenders as he’d pledged to do when he took office six months ago, with inflation set to pick up.