Hong Kong stocks on Tuesday closed at a one-week high as China central bank’s rate cut stoked hopes that Beijing is keen to stem an economic slowdown with stimulus measures, while strong demand ahead of Alibaba’s listing boosted sentiment. ** The Hang Seng index was up 1.6% at 27,093.80, its highest close since November 8. The China Enterprises Index closed 1.3% higher at 10,696.56 points. …read more […]
U.S. fried chicken chain Popeyes wants to become the top chicken brand in China, the chief executive of its parent company said on Tuesday, as it prepares to take on KFC, the no.1 player in the world’s most populous market.
World shares touched their highest in nearly two years on Tuesday as investors maintained bets that the United States and China can reach a deal to end their damaging trade war.
Huawei Technologies [HWT.UL] has dismissed a new 90-day extension by the Trump administration allowing U.S. firms to continue doing business with the Chinese company as making little difference, repeating that it was being unfairly treated.
Airbus and Saudi budget airline flynas have reached a final agreement on exercising purchasing options to order long range A321XLR jets, industry sources told Reuters on Tuesday.
Air Senegal signed a memorandum of understanding (MoU) for eight Airbus’ A220 aircraft at the Dubai Airshow on Tuesday.
Kazakhstan flag carrier Air Astana said on Tuesday it had signed a letter of intent to order 30 Boeing 737 MAX for its recently launched low-cost carrier subsidiary Fly Arystana.
Russian internet company Mail.Ru and state lender Sberbank have finalised the terms of a joint food and taxi platform and plan to invest 64.6 billion roubles ($1 billion) in the business, Mail.Ru said on Tuesday. The deal, first revealed in July, should be closed by the end of the year and will hand the firms equal stakes in the joint venture, it said. The move marks a significant step in Sberbank’s pursuit of a stronger presence in Russia’s digital economy and offers competition to the country’s leading technology company, Yandex , which dominates the ride-hailing market. …read more […]
If you want to know who really controls KONE Oyj (HEL:KNEBV), then you’ll have to look at the makeup of its share… …read more […]
Airbnb Inc said on Tuesday it is lobbying local governments in Japan to ease curbs on short-term home rentals during next year’s Tokyo Olympics, seeking to counter a thicket of rules imposed last year.
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while expectations of a rise in U.S. inventories also jangled nerves.
South Africa’s Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages at the embattled South African Airways (SAA) that has entered its fifth day.
The clock has run out on President Donald Trump’s authority to impose “Section 232” tariffs on imports of foreign-made cars and auto parts, and he may have to find other means if he wants to pursue tariffs on European or Japanese cars, legal experts say.
Boeing’s 737 MAX took center stage at the Dubai Airshow on Tuesday as the U.S. planemaker prepared to announce orders for dozens of aircraft as it seeks to restore confidence in the jet amid a worldwide grounding, people familiar with the matter.
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.
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