Toyota won’t build cars at UK factory the day after Brexit
Japan’s Toyota will not build cars at its British factory the day after Britain leaves the European Union as part of plans to handle any disruption from a potentially disorderly Brexit.
Malaysia’s AirAsia cuts Airbus A330neo order plans but adds A321XLR
Malaysia’s flagship budget airline AirAsia Group Bhd on Friday cut its plans for Airbus SE A330neo orders by nearly two-thirds to 12, as it firmed up an order, but said it would also order 30 of the new long-range A321XLR narrowbodies.
Month of bond market milestones – How low can you go?
August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory.
China, U.S. trade negotiating teams maintaining ‘effective communication’: China
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday at a daily news briefing in Beijing.
Oil prices fall but set for big weekly gain on trade dispute hopes
Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric.
Asian shares near one-week top on soothing trade tone, overall mood cautious
Asian shares jumped to a one-week high on Friday as the United States and China showed a willingness to resolve their trade dispute by returning to the negotiating table, though lingering recession fears tempered some of the enthusiasm.
Nippon Steel to cut capex spending as U.S.-China trade war crimps demand
Nippon Steel Corp will cut its planned capital expenditures for the three-year period to March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China trade war has eroded its profits, a company official said on Friday.
Japan’s curbs on high-tech materials exports to South Korea could backfire
Japan’s curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts say.
Billionaire Fredriksen seeks investors for shipping-to-fish empire: media reports
Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-year-old told two newspapers on Friday.
Factbox: Month of bond market milestones – How low can you go?
August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory.
