Air Premia braces for long-haul battle with new Boeing 787s
South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth $1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market.
Oil prices rise as investors put hopes on China stimulus
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks.
Toshiba sues former employee of U.S. unit, citing fraud
Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate.
Hong Kong central bank urges prudence amid global headwinds, cuts after Fed move
The head of Hong Kong’s central bank called on the public to manage financial risks prudently on Thursday, as the local economy faces its first recession in a decade.
China’s factory activity shrinks for sixth month as trade war clouds outlook
Factory activity in China shrank for the sixth straight month in October and by more than expected, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.
Malaysian financier Jho Low ready to address other issues after U.S. settlement
Fugitive financier Jho Low is ready to address issues related to the 1MDB scandal in Malaysia or elsewhere, a spokesman from the Wells Haslem Mayhew Strategic Public Affairs agency who handles press matters on behalf of Low said on Thursday.
Samsung Elec upbeat on chip outlook as third-quarter profit plunges
Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn.
Ford reaches tentative labor deal with United Auto Workers union
Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors about $3 billion.
U.S. agrees $1 billion 1MDB recovery deal with Malaysian Jho Low
The U.S. Justice Department on Wednesday reached a settlement deal with Malaysian financier Jho Low to recover almost $1 billion in funds the fugitive and his family had misappropriated from Malaysian investment fund 1MDB.
Western Digital announces CEO succession plan, signals lean second-quarter
Hard-drive maker Western Digital Corp said on Wednesday its second-quarter profit would come in sharply below analysts’ expectations and that its chief executive officer would retire soon, sending its shares down 10%.
