Saudi Aramco in talks to buy stake in world’s no. 4 chemical firm
Saudi Aramco said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC , a move that could boost the state oil giant’s market valuation ahead of a planned initial public offering.
AirAsia expands Airbus A330neo order
AirAsia Group expanded an order for A330neo passenger jets, adding 34 aircraft to an existing order to bring the total to 100 long-haul wide-body jets worth $30 billion at list prices.
Air France-KLM and China Eastern Airlines broaden their joint venture
Air France-KLM and its stakeholder and business partner China Eastern Airlines announced plans on Thursday to broaden their joint venture to take in new routes.
Norway wealth fund buys logistics real estate in California
Norway’s sovereign wealth fund, the world’s largest, has bought a logistics property in the U.S. state of California with its property partner Prologis, it said on Thursday.
Big crude oil margins should boost U.S. refiner earnings
U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road.
Airbus seeks splash to end airshow with AirAsia wide-body order
Airbus was set on Thursday to win a much-needed endorsement for the A330neo from its largest buyer as AirAsia prepared a long-distance finale to the Farnborough Airshow.
Boeing, Hawaiian Airlines finalize deal on 787s
Hawaiian Airlines said on Thursday it would buy 10 787-9 widebodies from Boeing Co with purchase rights for up to 10 more 787 aircraft, putting pressure on rival Airbus to defend its A330neo jet against the Boeing series.
EU is making retaliation list for possible U.S. car tariffs: Malmstrom
The European Union is preparing a list of counter-measures to potential U.S. tariffs on European cars, European Trade Commissioner Cecilia Malmstrom said on Thursday, adding she hoped an EU visit to Washington could help ease tensions.
Dollar gains, metals wane as China grabs for monetary easing
The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low.
SoftBank’s Son says Japan is ‘stupid’ to disallow ride-sharing
SoftBank Group Corp Chief Executive Masayoshi Son blasted Japan on Thursday for not allowing ride-sharing services, calling it “stupid” and saying the country was lagging overseas rivals in areas such as artificial intelligence (AI).
