China seeks to allay fears over Belt and Road debt risks
China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.
China’s top feed producer New Hope builds three pig farms in Vietnam
China’s top feed producer, New Hope Group, said on Thursday it is building three pig farms in neighboring Vietnam, even as an incurable pig disease spreads through the Southeast Asian country.
Saudi Arabia says China has not yet asked for more oil amid tighter Iran sanctions
Saudi Arabia’s energy minister Khalid al-Falih told Reuters on Thursday that China has “not yet” asked for more crude oil after the United States decided to end sanction waivers on Iranian oil imports that had permitted Beijing to keep buying from Tehr…
D.R. Horton beats expectations for quarter, gives soft 2019 forecast
D.R. Horton Inc, the biggest U.S. homebuilder, on Thursday was the latest to show strong quarterly results from the lowering of U.S. mortgage interest rates, while giving a forecast for 2019 revenue that fell short of analysts’ expectations.
Volkswagen plans electric vehicle plant with JAC in China: local government
German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.
Canada’s Bombardier cuts full-year profit, revenue forecast
Canada’s Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars.
Nokia plunges to surprise quarterly loss, shares hit six-month low
Finland’s Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.
Southwest Airlines first-quarter profit hit by 737 MAX grounding
Southwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday, saying a U.S. government shutdown, maintenance disruptions and the grounding of its Boeing 737 MAX jets knocked $150 million off its bottom line.
Uber back on the road in Slovakia after court ban
Uber resumed operations in Slovakia’s capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said.
Ex-Nissan boss Ghosn granted $4.5 million bail, with curbs on contacting wife
Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail
