Third prototype of China’s C919 jet completes first test flight
A third prototype of China’s home-built C919 narrowbody passenger jet completed its first test flight on Friday, its manufacturer said, in another step forward in the nation’s push to become a global civil aerospace player.
Oil rebounds after declines, but oversupply worries persist
Oil prices rose by a $1 on Friday to win back some of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure.
Asia stocks advance after Wall Street’s recovery continues
Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session’s big gains, although lingering investor jitters helped support safe-haven currencies such as the yen.
Nissan to make fewer cars in China in months ahead as demand slows: source
Nissan Motor Co will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market.
Rusal appoints independent director as new board chairman
Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions.
Mexico says military to play larger role in fighting fuel theft
Mexico’s government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars.
Nissan to cut China auto output over three months as demand slows: source
Nissan Motor Co plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market.
Asia stocks lifted as Wall Street extends comeback
Asia stocks gained on Friday after Wall Street ended volatile trade in the green, adding to the big advances of the previous session, although lingering investor jitters helped support safe-haven currencies such as the yen.
Green Growth to launch hostile bid for pot producer Aphria
U.S. cannabis retailer Green Growth Brands Ltd said on Thursday it would make a hostile takeover bid for Aphria Inc in an all-stock deal valuing the Canadian pot producer at C$2.8 billion ($2.06 billion).
Asia stocks edge up as Wall St. extends comeback rally
Asia stocks inched higher on Friday after Wall Street ended volatile trade in the green, adding to the massive gains of the previous session although lingering investor jitters helped support safe-haven currencies such as the yen.
