China says in touch with U.S. on signing of Phase 1 trade deal
China and the United States are in touch over the signing of their Phase 1 trade deal, China’s commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.
Norwegian Air hoping to agree Boeing 737 MAX compensation this year
Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline’s acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March.
SoftBank’s Yahoo Japan exits Oyo’s Japan apartment venture
SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.
Exclusive: BP’s incoming CEO won’t initially take up Rosneft board seat – company sources
Incoming Chief Executive Bernard Looney will not take up either of BP’s seats on the board of Rosneft when he takes over in February because of the complexity of the relationship with the Russian oil giant, five company sources said.
UK accounting watchdog extends probe into EY audit of Thomas Cook
Britain’s Financial Reporting Council (FRC) has added an extra year to its investigation into accountant EY’s audit of Thomas Cook, the holiday company that collapsed in September leaving tens of thousands of people stranded abroad.
Ant Financial appoints Simon Hu as CEO, part of Alibaba’s executive shuffle
E-commerce giant Alibaba Group Holding Ltd and its fintech affiliate Ant Financial announced a string of top level executive changes on Thursday, amid an ongoing restructuring following the appointment of Daniel Zhang as chairman of Alibaba.
Oil prices surf U.S.-China trade thaw to three-month highs
Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets.
Philippines’ Cebu Air orders 15 A320neo jets, pushing Airbus toward sales milestone
Philippines’ Cebu Air Inc said on Thursday it had ordered 15 Airbus SE A320neo family jets worth $2 billion at list prices, keeping the European manufacturer on track to reach a year-end sales milestone.
Asian shares retreat from highs, markets take Trump impeachment in stride
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors took some money off the table ahead of holiday trade and looked to fresh data on the state of the global economy.
China announces new tariff exclusions for some U.S. imports
China on Thursday unveiled a new list of tariff exemptions for imports from the United States, days after the world’s two largest economies announced a Phase 1 trade deal.
