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HuaweiKUALA LUMPUR, Malaysia — Budget carrier AirAsia and state-owned Malaysia Airlines said Wednesday they have terminated a share swap deal signed last year but will continue plans to collaborate in areas such as procurement, training and aircraft maintenance.
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COPENHAGEN - Vestas, the world’s biggest wind turbine maker, plunged to a larger than expected first-quarter loss due to delayed deliveries and rising costs, the latest blow to the renewable energy sector and piling pressure on its embattled boss.
NEW YORK - Global stocks and the euro fell on Wednesday after disappointing news on euro zone manufacturing activity and U.S. private-sector jobs growth reignited concerns about a global economic slowdown.
LONDON — Record high unemployment for the 17 countries that use the euro is set to increase the pressure on Europe’s leaders to switch from a focus on austerity to a pro-growth strategy to stop the region from moving deeper into recession.
NEW DELHI — India’s leading mobile phone firm by subscribers, Bharti Airtel, reported Wednesday a worse-than-expected 28 percent dive in quarterly net profit, hit by debt charges and foreign exchange losses.
The importance of Dubai International as vital regional and global cargo hub was again recognised at the annual Supply Chain and Transport Awards (SCATA) held in Dubai last night where it was named Air Cargo Hub of the Year.
Manufacturers in Asia upped their tempo in April to meet growing demand from overseas, in a sign that while the road to recovery might be bumpy, the global economy remains on track and the worst has probably passed for China.
Bharti Airtel says March quarter profit fell 28 percent from a year earlier, far more than expected on interest, foreign exchange and tax losses.
The lack of a sales tax increase in Japan could bring forward “the day of reckoning” in the Japanese government bond (JGB) market and cause investors to demand higher premiums, Tom Byrne, a senior vice president of Moody’s Investors Service, said on Wednesday.
MADRID - Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond.