Business & Finance News
Jet Airways Ltd , India’s biggest full-service carrier, has been under dark clouds for the most part of the past year, and several efforts are on to save the sinking airline.
Soothing sounds from the world’s top central banks helped stocks maintain their strong start to the year on Friday, while another leap from China’s yuan capped its best week since being cut loose from the dollar in 2005.
Nissan ex-Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo on Friday on two new charges, his lawyers said, as the once-feted auto executive awaits a lengthy criminal trial that could be as long as six months away.
Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels.
Volkswagen on Friday said its worldwide group deliveries in December shrunk by 8.4 percent, to 916,200 vehicles from 999,900 the year before.
France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB stimulus.
The “yellow vests” movement – named after the fluorescent jackets French motorists have to carry in their vehicles – started in mid-November as a protest against a fuel tax but has since grown into a broader backlash against President Emmanuel Macron’s government.
China’s Geely Group [GEELY.UL] said it has not sold any shares in Daimler AG , denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half.
Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning.
Crisis talks between India’s cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.
Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler AG , denying a Bloomberg report which said the Chinese firm had cut its 9.7 percent stake by more than half.
Chinese billionaire Li Shufu’s Geely Group cut its 9.7 percent stake in carmaker Daimler AG by more than half, Bloomberg reported on Friday, citing people familiar with the matter.
BMW’s group sales went up 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company said on Friday, adding that it expected a slight increase this year despite challenging market conditions.
Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion.
Defense lawyers for Nissan ex-Chairman Carlos Ghosn said they will seek his release on bail after Tokyo prosecutors indicted him on Friday on two new charges of financial misconduct.
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