Asia shares plummet after Wall Street rout; Shanghai at near four-year lows
Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.
BMW to gain control of China venture in milestone deal for foreign carmakers
Germany’s BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
Asia shares shattered by Wall Street rout, China’s yuan under fire
Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.
FT says Murdoch in line for Tesla chair. Musk reply: incorrect
Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, “This is incorrect.”
Asia shares trampled in Wall Street rout, eyes on China
Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.
Bezos’ Blue Origin and others get $2.3 billion in U.S. Air Force rocket contracts
The U.S. Air Force on Wednesday said that it had awarded a total $2.3 billion in contracts to develop rocket launch systems for national security missions.
Rattled Wall Street stock investors fret about a correction
The deepest one-day selloff in Wall Street stocks in eight months has investors using the market equivalent of a dirty word: “correction”.
Lift off: Singapore Airlines to boost U.S. presence with world’s longest flight
Singapore Airlines Ltd is poised for a major boost to its U.S. footprint from Thursday evening as it resumes, after five years, the world’s longest commercial flight – a near-19 hour non-stop from Singapore to New York.
U.S. stock index futures down as trading resumes
U.S. stock index futures were down slightly late Wednesday after they resumed trading for the overnight session.
Bayer gets tentative ruling for new trial in weed-killer case
Bayer AG’s Monsanto unit received a tentative ruling for a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, caused his cancer.
