Huawei CEO expects sales to drop to $100 billion in 2019, 2020
China’s Huawei Technologies Co Ltd expects sales to drop to around $100 billion this year and the next, CEO Ren Zhengfei said on Monday, as its business comes under pressure due to U.S. sanctions.
Oil prices climb after tanker attacks stoke Middle East tensions
Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.
Airbus faces cabin comfort dilemma as it launches A321XLR jet
Airbus has broken records by launching the longest-range narrow-body jetliner at the Paris Airshow, but planemakers are having to rethink their mantra on comfort as they squeeze ever more miles out of jets designed for shorter trips.
Airbus to launch A321XLR with nearly 200 orders at Paris Airshow: sources
Airbus will launch a long-range version of its A321neo passenger jet at Paris Airshow and will announce close to 200 orders over the week, sources familiar with the matter said.
Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting
Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check.
Alibaba proposes one-to-eight stock split ahead of up to $20 billion HK listing
China’s Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion.
China Railway Construction says won’t work with UBS on dollar-bond sale
China Railway Construction Corp (CRCC) has decided not to cooperate with UBS for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday.
Exclusive: Banks face new challenges in Italian diamond scandal
A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM.
Fed likely to resist pressure to cut U.S. rates this week
The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.
Oil prices rise after tanker attacks stoke Middle East tensions
Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.
