The top 200 Chinese companies spanning consumer, technology, industrial, property and financial industries reported September quarter earnings well ahead of market expectations, setting them up for a strong showing next year, analysts said.
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 populuous market. Popeyes signed a lease in Shanghai for its first store in China on Monday, which is slated to open next year. The company outlined plans in July to build 1,500 restaurants in China in the coming decade, becoming the last of Toronto-based Restaurant Brands International Inc’s main brands to enter the country. …read more […]
Oil extended declines to $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in U.S. crude inventories.
A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct.
A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct. The once-feted executive has spent 129 days in detention since his arrest shortly after his private jet touched down at a Tokyo airport on Nov. 19, 2018. Nissan sacked Ghosn, saying its internal investigations revealed misconduct ranging from understating his salary while he was its chief executive, and transferring $5 million of Nissan funds to an account …read more […]
Boeing’s 737 MAX took center stage at the Dubai Airshow on Tuesday as airlines announced plans to order up to 50 of the jets worth $6 billion at list prices despite a global grounding in place since March.
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 […]
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