Category: Asia

China’s Juneyao Airlines (603885.SS) has finalised a $1.32 billion order for five Boeing (BA.N) 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. The order represents the airline’s first Boeing order and its first for widebody aircraft, the companies said in a statement issued…

Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday’s slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. Financial spreadbetter CMC Markets expects Britain’s FTSE 100 to start the day flat, Germany’s DAX .GDAXI to be slightly…

Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Data on Monday showed the world’s third-largest economy grew an annualized 1.0 percent in October-December, roughly…

Toshiba Corp (6502.T) will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group’s efforts to fix that and other balance sheet headaches. The TVs-to-construction conglomerate warned of a potential multi-billion dollar nuclear writedown in December, a year after…

Economists may be have fretted over how demonetization would hit India’s economic growth, but the subcontinent’s central bank is focused more on its old foe, inflation. The Reserve Bank of India on Wednesday kept interest rates on hold at its policy meeting on Wednesday. That surprised the market, which had leaned heavily toward expecting a…

China’s foreign exchange reserves unexpectedly fell below the closely watched $3 trillion level in January for the first time in nearly six years, even as authorities tried to curb outflows by tightening capital controls. Reserves fell by $12.3 billion in January to $2.998 trillion, compared with a drop of $41 billion drops in December. Economists…

As Asia’s premium airlines enter earnings season, their prospects are looking dire amid a double whammy of a strong greenback and higher oil prices. “It’s very rare to see the U.S. dollar (USD) and oil move in the same direction. Both hit airlines’ earnings; fuel is 30 to 40 percent of costs and 70 to…

Citigroup Inc’s (C.N) China unit said on Tuesday that it had received the so-called “Type A” bond settlement agent license from China’s central bank, allowing it to add to its offering of sales, trading, and research in the fixed-income business. Citigroup is the first U.S.-based bank to be granted the Type A license to act…

Asian shares crept up on Monday as Wall Street gathered momentum into a busy week of earnings with more than 100 major companies due to report, while the dollar was again hobbled by a lack of progress on U.S. fiscal stimulus. E-mini futures for the S&P 500 ESc1 were barely changed and spread betters pointed…

China’s C919 passenger jet expects to make its maiden flight within the first half of this year as it has completed almost all major tests, state media reported on Monday, in a boost for Beijing’s ambitions to compete with global aircraft makers. The People’s Daily newspaper said the plane had started preparation for its much-delayed…