Business News

AirAsia mulls dual Airbus jet order but how much will it pay?

AirAsia has ordered 600 jets, two-thirds of which remain to be delivered.

Jul 15, 2018

By Reuters

Trump vows 'great' trade deal with UK, abruptly changing tack on May's Brexit plan

Fresh from sending NATO into crisis talks and ahead of a summit with Kremlin chief Vladimir Putin, Trump shocked Britain's political establishment.

Jul 14, 2018

By Reuters

Asian shares extend rebound but trade fears dog China stocks

China reported a trade surplus with the United States of $28.97 billion in June, the highest on record.

Jul 13, 2018

By Reuters

walmart to sell chinese e commerce business to JD.com

Walmart looks to exit Japan with Seiyu supermarket sale: NIkkei

Japanese supermarkets, with lots of workers preparing fresh food and high levels of customer service, are famous for their low margins and are proving a drag for many retailers.

Jul 12, 2018

By Reuters

Gold touches two-week peak on yuan rebound, weaker dollar

he yuan rose half a percent in offshore markets to 6.6292 against the dollar, further away from the lows hit in June - its biggest ever monthly fall -, while the dollar index weakened.

Jul 9, 2018

By Reuters

Transatlantic ties hang in the balance as Trump comes to Europe

EU officials also contend EU tariffs on most U.S. imports are already low.

Jul 8, 2018

By Reuters

China to keep on path of reform, opening markets: Li

China will open its door wider to foreign products as free trade needs to be firmly upheld to ensure sustained global economic growth.

Jul 7, 2018

By Reuters

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018.

Oil slips towards $77 as Saudi boost, trade tensions weigh

Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month.

Jul 6, 2018

By Reuters

A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.

Singapore watchdog says Grab-Uber deal hurts competition, proposes fines

Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm.

Jul 5, 2018

By Reuters

U.S. 'opening fire' on world with tariff threats, says China

The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing.

Jul 5, 2018

By Reuters

Asian shares, yuan on shaky ground on spectre of Sino-U.S. trade war

Wall Street dropped on Tuesday, giving up early gains in a truncated session ahead of the Independence Day holiday.

Jul 4, 2018

By Reuters

China completes trial of 21 over scandal-hit Fanya exchange

The trial was held amid tight security, with some investors even ordered by police to leave Kunming before it began.

Jul 2, 2018

By Reuters

Afghan money changers gather to deal with foreign currency at a money change market in Herat province, Afghanistan June 3, 2018.

Opportunities for Afghan money traders as Iran sanctions loom

No official figures exist for a trade which is conducted largely out of sight of the authorities, but money changers in Herat say there has been a clear increase since Trump pulled out of the nuclear accord.

Jul 1, 2018

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

China factory growth slows in June as trade tensions rise

The official Purchasing Managers' Index (PMI) released on Saturday fell to 51.5 in June, below analysts' forecast of 51.6 and down from 51.9 in May.

Jun 30, 2018

By Reuters

Asian shares rally on China rebound; trade worries linger

MSCI's broadest index of Asia-Pacific shares outside Japan was 1 percent higher, while Australian shares were flat.

Jun 29, 2018

By Reuters

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