Indian airline Vistara places $3.1 billion order for Airbus, Boeing jets
Indian airline Vistara has placed firm orders for 13 Airbus SE A320neos and six Boeing Co 787 jets valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.
U.S. ups China trade war ante, threatens tariffs on $200 billion of goods
The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly owned auto plant in the city.
Citi readies for Asia investment surge with new China desk as trade war intensifies
Citigroup Inc will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow about the impact of a Sino-U.S. trade war.
U.S. ratchets up China trade war, threatens tariffs on $200 billion of goods
The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding.
Exclusive: JD.com’s finance unit raises $2 billion, doubles valuation – sources
JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public offering, people with direct knowledge of the matter said.
U.S. regulator shelves reform on voting in board fights: sources
The U.S. securities regulator has shelved a proposed Obama-era reform that would have given shareholders in companies more freedom to vote for their preferred candidates during contested board elections, people with direct knowledge of the matter told …
China says plans by U.S. for additional tariffs completely unacceptable
China’s commerce ministry said on Wednesday the proposed U.S. tariffs on an extra $200 billion of Chinese goods is completely unacceptable, adding that Beijing will have to respond to the latest moves by Washington.
Uber executive Hornsey resigns in email to staff following discrimination probe
Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation into how she handled allegations of racial discrimination at the ride-hailing firm.
Stock markets roiled as U.S. ups ante in trade conflict
A sell-off in Chinese markets knocked Asian stocks on Wednesday as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.
