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South Korea’s Jeju Air in US$4.4 billion 40-plane Boeing order

South Korea’s Jeju Air in US$4.4 billion 40-plane Boeing order

Boeing (AFP pic) South Korean budget carrier Jeju Air has ordered 40 aeroplanes from US manufacturer Boeing for US$4.4 billion, the airline said on Tuesday, one of the country’s largest-ever aircraft purchases. Jeju Air is placing firm orders for 40 B737-MAX 8 models, with deliveries running from 2022 to 2026, with options for 10 more, […]

November 20, 2018 | By | Reply More
Asia tech stocks dive while Ghosn arrest slams Nissan, Mitsubishi

Asia tech stocks dive while Ghosn arrest slams Nissan, Mitsubishi

Investors are in a buoyant mood as concerns about the China-US trade war make way for the strong US economy (AFP pic) HONG KONG: Technology firms led a sell-off across Asian markets Tuesday on fresh concerns about demand for Apple’s iPhones, while Japanese car giants Nissan and Mitsubishi plunged on news chairman Carlos Ghosn had […]

November 20, 2018 | By | Reply More
Fate of world’s biggest car alliance hangs on one word: Ghosn

Fate of world’s biggest car alliance hangs on one word: Ghosn

Carlos Ghosn, chairman of the alliance between Renault, Nissan and Mitsubishi Motors, speaks during an interview at Nissan’s headquarters in Yokohama. (Bloomberg pic) TOKYO: The world’s biggest car alliance is facing its biggest challenge yet, with the arrest of its iconic chairman threatening to upend the union of automakers he forged almost two decades ago. […]

November 20, 2018 | By | Reply More
Cryptocurrencies plummet, with Bitcoin breaking below US$5,000

Cryptocurrencies plummet, with Bitcoin breaking below US$5,000

Cryptocurrency mining rigs operate on racks at the HydroMiner GmbH cryptocurrency mining facility near Waidhofen an der Ybbs, Austria. (Bloomberg pic) NEW YORK: The slide in cryptocurrencies accelerated Monday, with Bitcoin piercing the US$5,000 (RM20,947) mark for the first time since Oct 2017, amid speculation that increased regulatory scrutiny will prompt issuers of initial coin […]

November 20, 2018 | By | Reply More
Oil stable amid expectations Opec will cut supply to prevent glut forming

Oil stable amid expectations Opec will cut supply to prevent glut forming

Despite the gains, crude prices remain almost a quarter below their recent peaks in early October, weighed down by surging supply and a slowdown in demand growth. (Bloomberg pic) SINGAPORE: Oil prices were stable on Tuesday on expectations that producer club Opec will soon cut supply to prevent oversupply amid slowing demand growth and a […]

November 20, 2018 | By | Reply More
Nikkei opens lower, Nissan down over 6%

Nikkei opens lower, Nissan down over 6%

Pedestrians waiting to cross a road are reflected in an electronic stock board outside a securities firm in Tokyo. (Bloomberg pic) TOKYO: Tokyo stocks opened lower on Tuesday with shares in Nissan diving more than 6% and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 […]

November 20, 2018 | By | Reply More
Flagging Victoria’s Secret announces new lingerie CEO

Flagging Victoria’s Secret announces new lingerie CEO

NEW YORK: US lingerie giant Victoria’s Secret announced Monday that it had appointed John Mehas, a longstanding fashion businessman as new lingerie CEO, hoping to boost its ailing fortunes. Mehas will take over in the New Year, replacing Jan Singer, who resigned with the brand under fire for slumping sales, idealised glamazonian feminity and reluctance […]

November 19, 2018 | By | Reply More
Wall St pulled lower by Apple, trade worries

Wall St pulled lower by Apple, trade worries

A monitor displays stock market information on the floor of the New York Stock Exchange . (Bloomberg pic) NEW YORK: Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-US trade dispute added to market […]

November 19, 2018 | By | Reply More
Imran Khan hits back after Trump’s ‘tirade’ on Pakistan

Imran Khan hits back after Trump’s ‘tirade’ on Pakistan

Donald Trump said he has cancelled assistance worth hundreds of millions of dollars to Pakistan because ‘they don’t do a damn thing for us’ (AFP pic) ISLAMABAD: Pakistan leader Imran Khan hit back Monday at Donald Trump’s claim that Islamabad does not do “a damn thing” for the US, calling on the president to name […]

November 19, 2018 | By | Reply More
Europe markets narrowly mixed as New York opens weaker

Europe markets narrowly mixed as New York opens weaker

The central atrium at the London Stock Exchange in central London. Picture: AFP pic) LONDON: European stock markets turned narrowly mixed in Monday afternoon trade after Wall Street opened weaker as the United States and China continued to joust over global trade, dealers said. Europe’s major markets had opened firmer as traders shrugged off Brexit […]

November 19, 2018 | By | Reply More