Year: 2019

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Emirates says it ordered 50 Airbus A350 in a deal worth $16 billion

November 18, 2019 admin Comments Off on Emirates says it ordered 50 Airbus A350 in a deal worth $16 billion

Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices. The deal signed at the Dubai Airshow marked a final and amended version of a tentative deal for 40 A330neo aircraft and 30 A350 jets, which has been pending since the start of the year. The airline said it was still in negotiations with Boeing on the fate of a provisional order for 40 of the U.S. planemaker’s 787 Dreamliners. …read more […]

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Britain's Aviva to retain Singapore, China operations

November 18, 2019 admin Comments Off on Britain's Aviva to retain Singapore, China operations

British life and general insurer Aviva Plc will retain its operations in Singapore and China, it said on Monday, amid speculation of a sale of the Singapore business. Aviva, which said earlier this year it was reviewing its Asia business and is due to unveil a strategy update this week under new CEO Maurice Tulloch, issued the statement in response to media speculation. It said it decided to retain its Singapore operations despite takeover offers. …read more […]

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GLOBAL MARKETS-Shares grind towards record high as China trims key rate

November 18, 2019 admin Comments Off on GLOBAL MARKETS-Shares grind towards record high as China trims key rate

World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. In the latest show of support for its economy, China’s central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%. …read more […]

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SoftBank to Create Japan Internet Giant to Battle Global Rivals

November 18, 2019 admin Comments Off on SoftBank to Create Japan Internet Giant to Battle Global Rivals

(Bloomberg) — Masayoshi Son, after backing startups around the world, is engineering a complex deal on his home turf to create a national champion that can more effectively compete with global rivals like Google and Amazon.com Inc.Son’s SoftBank Group Corp. plans to combine its Yahoo Japan internet business with Line Corp. in a deal that values the country’s leading messaging service at $11.5 billion. SoftBank and South Korea’s Naver Corp. will take Line private and then fold Line and Yahoo Japan into a new joint venture. The deal requires shareholder approvals and is scheduled to close by October 2020.The two …read more […]