Oil prices mixed as demand concerns outweigh output cut expectations
Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world’s biggest oil importer, outweighed expectations of supply cuts from major producers.
Airbus to buy rest of Bombardier stake in A220 passenger jet program
European planemaker Airbus has reached a deal to buy the remaining stake of Canadian plane and train maker Bombardier in the A220 passenger jet program, it said on Thursday.
Airbus negotiating to win large preliminary order for A220 jets
Airbus is negotiating a preliminary order for up to 100 A220 jets as it prepares to buy out Bombardier’s minority stake in the Canadian-designed jet, industry sources said.
Factbox: Vodafone-TPG merger advances in Australia after hiccups
An Australian court on Thursday backed the A$15 billion ($10.1 billion) merger between TPG Telecom and Vodafone’s Australian joint venture despite opposition from the country’s competition regulator.
Australia court approves $10 billion Vodafone-TPG merger, overrules regulator
An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain’s Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country’s top telcos.
Interest in private jets surges as coronavirus keeps airlines away from China
A drop in airline flights from China and Hong Kong due to the coronavirus is increasing demand for private jets as wealthy passengers try to get out, executives say, but travel bans and nervous crew have kept that from translating to more business.
Tesla seeks approval to build longer range Model 3s in China
Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows.
Bezos buys Warner Estate in Beverly Hills for record $165 million
Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday.
Jump in new coronavirus cases stymies stock rally
Asia’s share market rally paused on Thursday, bonds rose and trade-exposed currencies fell as a sharp rise in new coronavirus deaths and infections dented hopes that its spread was slowing.
Oil rises for third day as coronavirus impact may spur output cuts
Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world’s second-largest crude consumer.
