Finnair picks Nordea executive as new CEO
Finland’s national carrier Finnair appointed on Tuesday Nordea Bank executive Topi Manner as its new chief executive officer starting from January, following a departure of CEO Pekka Vauramo.
Alcoa braces for alumina strike vote in Western Australia
A vote by striking workers at Alcoa’s giant west Australian operations will close on Thursday, with the union anticipating a strong “no” vote that could prolong the four-week old strike.
Asian shares rise on China turnaround, trade fears persist
Asian shares rose on Tuesday, with markets reversing earlier losses, but investors were apprehensive as the Sino-U.S. trade dispute threatened to escalate this week and Argentina’s austerity measures rattled emerging markets.
Automakers fret as China clamps down on capacity, seeks consolidation
Some automakers in China are alarmed by proposed government restrictions on investing in new manufacturing capacity and the ways in which Beijing is trying to trigger consolidation of the country’s flabby auto industry through mergers and strategic cooperation.
U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane
U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
Asian shares hit by trade friction, emerging market tumult; dollar up
Asian shares fell and the dollar turned higher on Tuesday as the trade dispute between the United States and China threatened to escalate this week, and as emergency austerity measures in Argentina underscored the turbulence gripping emerging markets.
U.S. oil prices rise as Gulf platforms shut ahead of hurricane
U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
Asian shares fall under pressure from trade, emerging markets worries
Asian shares fell in early trade on Tuesday, amid growing concerns over escalating international trade disputes and as emergency austerity measures in Argentina highlighted turbulence in emerging markets. MSCI’s broadest index of Asia-Pacific shares…
Reuters poll: Chance of hard Brexit holds at 25 percent, economists say
There is a one chance in four that Britain will leave the European Union in March without a deal, a Reuters poll found, while the Bank of England will wait until after Brexit before raising borrowing costs again.
In India, Google races to parry the rise of Facebook
Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market, sources familiar with the figures say, even though the search giant has been in the country far longer and has avoided the controvers…
