Virgin Atlantic orders 12 Airbus A350-1000s worth $4.4b

Virgin Atlantic announced Monday that it has made firm orders for twelve wide-bodied Airbus A350-1000 jets, worth $4.4 billion (3.9 billion euros) at list prices, in the first major announcement at Farnborough.
11 July 2016, 18:00 PM

Frankfurt bourse, London Stock Exchange mull lowering key hurdle for merger

The Frankfurt stock exchange said Monday that it is examining whether to lower a key hurdle for its planned merger with the London Stock Exchange (LSE) to go ahead.
11 July 2016, 18:00 PM

Musk hints at top secret Tesla masterplan

Tesla Motors Inc CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his "top secret Tesla masterplan" following an embattled several weeks for the Silicon Valley heavyweight.
11 July 2016, 18:00 PM

Oil falls further under $50 on Asia demand concern

Oil fell on Monday over signs that US shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.
11 July 2016, 18:00 PM

Brexit volatility pushes OECD to suspend economic indicators

The OECD said Monday it is suspending for two months its composite leading indicators (CLIs) designed to flag turning points in economic activity due to volatility heightened by Brexit.
11 July 2016, 18:00 PM

Ukraine and Canada sign 'milestone' free trade deal

Ukraine and Canada signed a "milestone" free trade agreement on Monday designed to bolster support for the war-scarred former Soviet republic in the face of an increasingly assertive Russia.
11 July 2016, 18:00 PM

Paris urges London to stay tax 'friendly' post Brexit

Amid fears of a fiscal "race to the bottom" French Finance Minister Michel Sapin on Monday slammed British plans to reduce corporation tax as part of plans to keep attracting foreign investment after last month's Brexit vote.
11 July 2016, 18:00 PM

India says considering giving Tanzania $500m loan for water projects

Indian Prime Minister Narendra Modi said on Sunday his government would consider giving Tanzania, where he's visiting, a $500 million loan to finance water projects in the east African nation.
11 July 2016, 18:00 PM

Beijing to make good on investment pledge at EU-China summit

China is set to make good on a promise to invest two billion euros ($2.21 billion) in the European Union's new infrastructure fund at a summit in Beijing on Wednesday, officials say, a gesture aimed partly at easing tensions over other issues.
11 July 2016, 18:00 PM

S Korea to decide on whether to suspend VW car sales

South Korea's environment ministry said on Monday it will decide later this month whether to revoke the certification of 32 vehicle models made by Volkswagen after prosecutors accused the German carmaker of fabricating documents on emissions and noise-level tests.
11 July 2016, 18:00 PM

Osborne heads to Wall Street for post-Brexit talks

British finance minister George Osborne was Monday holding talks with Wall Street investors, kicking-off a series of visits to leading international financial centres to build post-Brexit economic ties.
11 July 2016, 18:00 PM

China Q2 economic growth seen cooling to 6.6pc, weakest in 7yrs

China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the industrial sector loses steam and a boost from financial services fades, according to a Reuters poll of 61 economists.
11 July 2016, 18:00 PM

China auto sales speed up 14.6pc in June

Car sales growth in China, the top global auto market, accelerated for the second consecutive month, an industry group reported Monday, despite continued woes in the world's second-largest economy.
11 July 2016, 18:00 PM

Boeing sees 20yr demand beating targets as inks China deal

Boeing on Monday boosted its 20-year forecast for the global aircraft market, lifted by demand from budget carriers and emerging markets, as it revealed a new multi-billion dollar deal to sell planes in China.
11 July 2016, 18:00 PM

Property firms expect Frankfurt to win big from Brexit

German property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of Brexit, an industry survey showed on Monday.
11 July 2016, 18:00 PM

Japan maker of bamboo whisks eyes Brexit risks

BRITAIN might be a world away, but the future of a 500-year-old family company in rural Japan could rest on the UK's decision to quit the European Union.
11 July 2016, 18:00 PM

Thomson Reuters to sell IP & science business for $3.55b

Thomson Reuters Corp said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash.
11 July 2016, 18:00 PM

India may alter minimum import price list for steel sector

India may alter the list of steel items that attract a minimum import price if the country decides to continue with the protectionist measure beyond August, steel secretary Aruna Sundararajan said.
4 July 2016, 18:00 PM

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.
4 July 2016, 18:00 PM

German new car sales rise in June

New car registrations in Germany, a key indicator of demand in Europe's top economy, rose strongly in June, official data showed on Monday.
4 July 2016, 18:00 PM