Japan downgrades second-quarter GDP as trade war dulls business investment
Japan’s economy grew at a slower pace than initially estimated in the second quarter as the U.S.-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month.
Air China has no plans to take over Cathay Pacific: media report
Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper.
Nissan to discuss Saikawa successors at meeting on Monday: source
Nissan Motor Co’s nominating committee will discuss potential successors for Chief Executive Hiroto Saikawa at a meeting on Monday, after he privately signaled his readiness to resign, a source with knowledge of the matter said.
Oil Search woes in Papua New Guinea throw spotlight on Alaska
With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country’s biggest company, Oil Search , is turning for growth to the other side of the world in Alaska’s frozen wilderness.
Asia stocks make cautious gains as weak data boosts stimulus hopes
Asian stocks eked out modest gains on Monday, amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world’s major economies, which showed further signs of struggle.
Nissan to discuss Saikawa resignation, CEO not ‘clinging to his chair’: source
Nissan Motor Co’s nominating committee will discuss Chief Executive Hiroto Saikawa’s resignation and possible successors at a meeting on Monday, a source familiar with the matter told Reuters.
Nissan’s Saikawa says he wants to ‘pass the baton’ as soon as possible: Nikkei
Nissan Chief Executive Hiroto Saikawa said he wanted to “pass the baton” to the next generation as soon as possible, the Nikkei newspaper reported on Monday, as speculation mounted he could announce his resignation from the troubled automaker.
Britain at risk of losing leading edge in maritime services
Britain’s position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.
British Airways pilots ground planes in unprecedented 48-hour strike
British Airways pilots began a 48-hour strike on Monday, grounding nearly all its flights and disrupting the plans of thousands travelers in unprecedented industrial action over a pay dispute.
Dorian industry insured losses seen in several billions of dollars: Munich Re
Insured losses from Hurricane Dorian are expected to total several billions of dollars, German reinsurer Munich Re said on Sunday.
