Fed Chair Powell likely to give Congress largely positive economic update
Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavir…
Malaysia regulator fears airline expansion curbs after FAA downgrade
Malaysian airlines could be barred from introducing new routes in China, South Korea and Japan after the U.S. Federal Aviation Administration (FAA) downgraded the country’s air safety rating late last year, Malaysia’s aviation regulator said on Tuesday…
Virus fears, China diplomacy loom over Singapore Airshow
Singapore kicked off Asia’s largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters.
China firms cut staff on virus outbreak as Xi vows no large-scale layoffs
A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do so in the past two weeks as the epidemic takes a toll on small-to-medium sized businesses.
Oil rebounds amid broad market recovery; investors still wary
Oil prices rose around 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.
Asian shares rally, slow pace of China factory reopenings a worry
Asian share markets followed Wall Street higher on Tuesday as China’s factories struggled to re-open after an extended break, though analysts warned investors might be underestimating how economically damaging the challenge was likely to be.
Australia investigator in Citi cartel case learned of concerns from rival agency
An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG said he first heard concerns about a stock issue they worked on from a rival regulator, but the agencies acted independently.
Airbus unveils ‘blended wing body’ plane design after secret flight tests
Airbus on Tuesday unveiled a curvaceous aircraft design that blends wing and body, designed to slash carbon emissions by some 20%.
Geely to deepen ties with Volvo, plans to list under one umbrella
Geely Automobile and its sister company Volvo Cars are planning to merge and list in Hong Kong and possibly Stockholm, giving Volvo access to public markets after it dropped a move to list its stock two years ago.
Coronavirus prompts Sony, NTT and Intel to join Barcelona congress exodus
Japanese wireless carrier NTT Docomo , Sony Corp and California-based chip giant Intel Corp pulled out of the Mobile World Congress (MWC) in Barcelona on Monday because of the coronavirus outbreak.
