Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric.
Malaysia’s flagship budget airline AirAsia Group Bhd slashed its plans for Airbus SE A330neo orders by nearly two-thirds to 12, but said it would order 30 of the new long-range A321XLR narrowbodies.
Japan’s Toyota will not build cars at its British factory the day after Britain leaves the European Union as part of plans to handle any disruption from a potentially disorderly Brexit.
Malaysia’s flagship budget airline AirAsia Group Bhd on Friday cut its plans for Airbus SE A330neo orders by nearly two-thirds to 12, as it firmed up an order, but said it would also order 30 of the new long-range A321XLR narrowbodies.
August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory.
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday at a daily news briefing in Beijing.
Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric.
Asian shares jumped to a one-week high on Friday as the United States and China showed a willingness to resolve their trade dispute by returning to the negotiating table, though lingering recession fears tempered some of the enthusiasm.
Nippon Steel Corp will cut its planned capital expenditures for the three-year period to March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China trade war has eroded its profits, a company official said on Friday.
Japan’s curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts say.
Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-year-old told two newspapers on Friday.
August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory.
A feud between two South Korean battery makers escalated on Friday as SK Innovation Co Ltd said it plans to sue bigger rival LG Chem Ltd in the United States over alleged patent infringement related to electric vehicles (EV).
Tesla Inc has always shown disdain for marketing, with CEO Elon Musk boasting his company does not advertise, instead using the money it would have spent to develop products.
U.S. electric vehicle maker Tesla Inc had raised prices for some vehicles in China as the yuan trades at its weakest levels in more than a decade.
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