South African Airways needs government loan guarantee or risks liquidation: board member
South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.
Alibaba to exercise full retail tranche in Hong Kong listing: sources
Alibaba has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.
Emirates close to buying 30 Boeing 787 in fleet compromise deal: sources
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday.
Australia’s Westpac slapped with 23 million money laundering breaches
Regulators accused Australia’s Westpac Banking Corp of 23 million breaches of anti-money laundering laws, saying the banking giant ignored red flags and for years enabled payments from convicted child sex offenders and “high risk” countries.
Factbox: The Australian financial crime regulator’s accusations against Westpac
Australia’s Westpac Banking Corp has been accused of 23 million breaches of anti-money laundering law, with regulators saying the company enabled payments from convicted child sex offenders and “high risk” countries over half a decade.
Asia shares lost in trade labyrinth, bonds get the benefit
Asian shares lost out to safe-harbour bonds on Wednesday as Sino-U.S. trade talks produced nothing but white noise, while concerns about a supply glut left oil prices nursing their biggest one-day loss in seven weeks.
Beijing tariff demands may expand U.S.-China ‘phase one’ trade deal significantly
A “phase one” trade deal between the United States and China was supposed to be a limited agreement that would allow leaders from both countries to claim an easy victory while soothing financial markets.
Aston Martin launches first SUV, hopeful of a turnaround
Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched its first sport utility vehicle on Wednesday, hoping for a turnaround in fortunes.
Alibaba to price shares at HK$176 in $12.9 billion Hong Kong listing: sources
Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing and is set to price its shares at HK$176 each, a 2.8% discount to their New York share price, sources with direct knowledge of the matter said.
Asia shares trapped in a trade maze, oil nurses losses
Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.
