Uber says it has invested $500 million in Mexico since 2013
Uber Technologies Inc said on Tuesday that it has invested more than $500 million in Mexico since it launched there in 2013, underscoring the country’s importance to the ride-hailing firm as it faces new competition.
Japan stocks bounce as yen bows before strong dollar
Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.
China clips Air China’s wings after descent scare
China’s aviation regulator will reduce Air China’s Boeing 737 flights by 10 percent and cancel licenses of the pilot and co-pilot involved in an emergency descent last week, in a move analysts say could push the airline to cut some routes.
Canadian temporary tattoo start-up gets $10 million in funding
A Toronto-based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company’s chief executive officer said on Tuesday.
China cuts Air China’s flight hours, launches safety review after incident
China’s aviation regulator will cut Air China’s flight hours for its Boeing 737 fleet by 10 percent and cancel the licenses for the pilot and co-pilot involved in an emergency descent incident last week, Chinese state television said.
Japan shares jump as yen bows to strong dollar
Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.
Boeing gets $3.9 billion contract for new Air Force One jets
Boeing Co has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday.
Australia’s Fairfax to share print costs with rival News Corp
Publisher Fairfax Media said on Wednesday it had agreed with rival News Corp’s Australian unit to collaborate on printing newspapers to curb costs.
Buffett’s Berkshire Hathaway loosens policy on stock buybacks
Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate’s cash.
CSX profit tops Wall St target on cost cuts, pricing power
CSX Corp on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight.
