Australia Moves To Keep Its Banks In The Pacific
Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.
Boeing Reaches Settlement To Avert Civil Trial In MAX Crash
Beleaguered aviation giant Boeing reached a last-minute settlement Monday with the family of a woman killed in the crash of a 737 MAX jetliner in 2019, averting a federal civil trial.
China Says To Impose Anti-dumping Measures On EU Brandy
China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.
China's 'Singles Day' Shopping Spree In Spotlight As Spending Flags
China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity.
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Ottawa To Shut TikTok's Canada Offices, Says App Can Still Be Used
Canada said Wednesday it is shutting down TikTok's offices in the country following a security review, but people will still be allowed to use the popular video-sharing app.
Tesla Shares Soar Pre-market As Trump Hails 'Genius' Musk
Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius".
Obesity Drug Maker Novo Nordisk Posts Strong Profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted Wednesday strong third-quarter earnings despite being held back by production constraints.
Toyota Maintains Net Profit Forecast Despite Drop In First Half
Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year.
Dollar Soars, Stocks Rally As Trump Wins US Election
The dollar surged, stocks rallied and bitcoin struck a record high Wednesday as the world gears up for a Donald Trump presidency that analysts say could rekindle inflation.
Europe Auto Struggles Lead To Cuts At Michelin, Germany's Schaeffler
French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in the European auto industry.
Nintendo Lowers Sales Forecast As First-half Profits Plunge
Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console.
Boeing Union Says Approves Contract, Ending Over 7-week Strike
Striking workers at Boeing approved a new contract proposal on Monday, ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.
Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
Ryanair Profit Falls, Growth Hit By Boeing Delays
Irish budget airline Ryanair reported falling net profit for the second quarter on Monday and revised down its passenger growth target following delays in deliveries of Boeing aircraft.
Striking Boeing Workers Set To Vote On Latest Offer
Striking workers at Boeing will vote Monday on the aerospace giant's latest contract proposal to end a bruising walkout that has dragged on for more than seven weeks.
Boeing Again Raises Offer To End Strike, Union To Vote Monday
US aviation giant Boeing has once again improved the conditions in its contract offer to thousands of striking workers, hoping to put an end to a painful strike that has paralyzed its two main factories for seven weeks.
Apple Narrowly Beats Estimates With Boost From IPhone Sales
Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales.
Riyadh Air Orders 60 Airbus Planes
The carrier, created last year, has reached "an agreement to purchase 60 Airbus A321neo single-aisle aircraft in the latest step towards its maiden flight in 2025", it said in a statement.
Microsoft Beats Expectations, But AI Concerns Force Shares Down
The company attributed the solid performance to robust growth in its cloud computing and artificial intelligence businesses.
Meta Shows Strong Growth As AI Spending Surges
The social media behemoth, which is also the parent company of Instagram and WhatsApp, said net profit in the third quarter was $15.7 billion -- up 35 percent on the same period last year.
Striking Boeing Workers Aim To Restore Old Retirement Program
The plan was eliminated after a 2014 contract extension was narrowly approved by the union, the International Association of Machinists and Aerospace Workers District 751.
China Factory Output Expands For First Time In Six Months
The country is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth target for this year.
Samsung Q3 Operating Profits Soar To $6.6 Bn, Miss Forecast
The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the biggest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.
Hong Kong Economic Growth Misses Forecast In Third Quarter: Data
Real gross domestic product (GDP) between July and September grew by 1.8 percent year-on-year, well down from a forecast of 3.1 percent growth from economists surveyed by Bloomberg.
Eurozone Inflation Rebounds More Than Expected In October
Year-on-year consumer price increases in the 20-country single currency area reached 2.0 percent in October, rising from 1.7 percent in September, the EU's official data agency said.
Worries For Japan Economy After Election Shock
Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.
Volkswagen Profit Plunges On High Costs, Chinese Slump
Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China.
Bitcoin Close To Record As Cautious Markets Eye US Election
Bitcoin was close to $73,000 in Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.
Beijing Files WTO Complaint Over EU's New Taxes On Chinese EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.
Lufthansa Reports Dip In Profits In Third Quarter
German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to September compared with the same period last year, blaming increased operating and staff costs.
Saudi 'Davos In The Desert' Opens With Region On War Footing
Global business leaders gathered in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and scepticism mounts over the Gulf kingdom's most ambitious development projects.
Philips Lowers Sales Outlook On Drop In China Orders
Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.
Crisis-hit VW Eyeing Plant Closures, Deep Pay Cuts: Report
Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.
Olympus CEO Resigns Over Alleged Illegal Drugs Purchase
The German CEO of major Japanese optical equipment manufacturer Olympus has stepped down after allegedly buying illegal drugs, the company said on Monday.
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