Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner – threatening to put a halt to five years of strong profits in the cut-throat air travel industry.
China willing to meet reasonable rare earth demand from other countries
China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said.
Britain’s FirstGroup shake-up to unleash Greyhound coaches
Britain’s FirstGroup plans to sell U.S. coach service Greyhound and spin-off its First Bus operations in an attempt to head off shareholder pressure, lifting its share price by 13% on Thursday.
Toyota to set up Myanmar plant to assemble Hilux trucks
Toyota Motor Corp said on Thursday it would launch a plant in Myanmar to manufacture Hilux pick-up trucks from 2021 as the Japanese automaker plans to locally assemble vehicles for the emerging nation where demand for cars has been soaring.
Greyhound for sale, owner First Group says
Train and bus operator FirstGroup said on Thursday it would sell U.S. coach service Greyhound and look to separate off its UK First Bus operations as it seeks to head off pressure from major investors for returns.
Bump in the night: FX flash crashes put regulators on alert
The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange market has regulators scrambling for answers.
Fears of prolonged trade war weigh on Asia stocks; bonds rally
Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signaled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.
Explainer: China’s rare earth supplies could be vital bargaining chip in U.S. trade war
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
SoftBank’s Vision Fund to borrow $4 billion against stakes in Uber and two others: FT
SoftBank’s Vision Fund is looking to borrow $4 billion against its stakes in Uber Technologies Inc, soon-to-go-public Slack Technologies Inc, and blood-testing company Guardant Health Inc, the Financial Times reported, citing people directly involved i…
China to continue anti-dumping levies on tetrachloroethylene from EU, U.S.
China’s commerce ministry said on Thursday it would keep levying anti-dumping tax on tetrachloroethylene imported from the European Union and United States until May 30, 2020, while it reviews domestic requests to extend the duties.
