Virgin Australia to delay taking Boeing 737 MAX jets to cut spending
Virgin Australia Holdings said on Tuesday it would delay taking the first deliveries of Boeing Co 737 MAX jets for nearly two years to reduce capital spending and give it time to be satisfied with the model’s safety.
Asian shares fall as China manufacturing data disappoints
Shares in Asia fell on Tuesday as readings on China’s manufacturing activity failed to meet expectations, underscoring weakness in the world’s second-largest economy despite Beijing’s attempts to spur growth.
Samsung Electronics counts on better second half after first-quarter profit drops
Samsung Electronics Co Ltd on Tuesday flagged better second-half results after posting a 60 percent drop in first-quarter profit, pointing to higher expected sales of memory chips and smartphones.
Virgin Australia to defer deliveries of Boeing 737 MAX jets
Virgin Australia Holdings said on Tuesday it had agreed with Boeing Co to delay the first deliveries of 737 MAX jets for nearly two years to give it time to be satisfied with safety and to reduce capital spending.
Asian shares dip as investors await China data, Fed
Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a “patient” approach to interest rate policy.
Samsung Electronics first-quarter profit falls 60% on-year as weak chip prices bite
Samsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels.
Google parent’s shares dive as YouTube changes, competition hurt revenue
Alphabet Inc’s Google on Monday saw its slowest revenue growth in three years from increased competition in advertising, stumbles in its smartphone business and disruptive changes at YouTube that left the leading internet ad company lagging rivals.
Indebted Chinese seek wisdom of credit card ‘goddesses’ as retail lending surges
In a ballroom at the Vienna International Hotel in Shanghai, Mei Liangming was giving a lecture on the ins and outs of getting credit cards, rolling over debts with multiple cards, and cleaning up one’s bad credit history.
White House says Stephen Moore still has Trump’s support for Fed seat
The White House still backs Stephen Moore for a seat on the Federal Reserve’s Board of Governors, President Donald Trump’s top economic adviser said on Monday, despite concerns among some Democratic lawmakers about his competence and past remarks.
Virgin Australia to defer deliveries of Boeing 737 MAX aircraft
Virgin Australia Holdings said on Tuesday it had reached an agreement with Boeing to delay deliveries of the U.S. planemaker’s now contentious 737 MAX aircraft.
