Alibaba puts CFO in charge of investment in major management reshuffle
China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.
Air Lease signs long-term lease placements for four Airbus jets
Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan’s Peach Aviation Ltd.
Alibaba reshuffles management; CFO Wu to oversee strategic investment unit
China’s Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm’s strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.
Asia stocks cautious before Fed, oil on defensive
Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
Australia’s central bank says ‘likely’ will have to cut rates again
– Australia’s central bank believes it will likely have to cut interest rates further from the current record low of 1.25% in order to push down unemployment and revive growth in wages and inflation.
Asia stocks capped ahead of Fed, oil on defensive
Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
U.S. settles antitrust charges with Fox, CBS, Scripps, Cox, Tegna
The U.S. Justice Department said on Monday it had settled antitrust charges with CBS Corp, Cox Enterprises Inc, E.W. Scripps Co, Fox Corp and Tegna Inc, which were accused of sharing competitively sensitive information.
Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers
This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports – because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats.
Senator Rubio targets Huawei over patents
U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion to license the rights to pate…
U.S. firms say China tariffs will raise costs, see few sourcing alternatives
A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China…
