Business » World

Friday, 11 July 2014

Boeing sees US$5.2t in orders over 20 years

2014-07-11 AVIATION giant Boeing on Thursday raised its forecast for aircraft demand, saying it now expects to deliver 36,770 planes over the next two decades in deals worth US$5.2 trillion.Boeing’s latest forecast is up 4.2 per cent from last year’s, with...

OPEC market share seen shrinking

2014-07-11 OPEC expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the US shale oil boom, giving the exporter group little comfort from an acceleration in global demand.Making its first 2015 forecast in a...

In Brief

2014-07-11 Falling gas prices threaten LNG export projectsLONDON: A sharp fall in European and Asian gas prices this year will put liquefied natural gas (LNG) export projects worldwide under heavy cost pressure, and even kill some off, as expected returns on...

Apple has the right to trademark store design: EU court

2014-07-11 APPLE has the right to trademark its flagship store design, the EU’s highest court said on Thursday, though under certain conditions. In 2013, after two years of trying, iPhone-maker Apple successfully registered the design of its stores with the...

Thursday, 10 July 2014

In Brief

2014-07-10 Boeing, SIA Engineering to form joint ventureSINGAPORE: Boeing Co and SIA Engineering Co Ltd plan to set up a Singapore-based joint venture to provide fleet management services to airlines in the Asia-Pacific region, the companies said yesterday....

Emirates finalises US$56b jet deal

2014-07-10 DUBAI airline Emirates finalised a US$56 billion order to buy 150 Boeing 777X jets yesterday, firming up a commitment made last year, just weeks after scrapping an order with rival planemaker Airbus.The deal includes purchase rights for an...

UK launches institutional banking review

2014-07-10 BRITAIN’S financial watchdog is launching a broad “exploratory” review of competition in wholesale financial markets to check if they operate effectively to aid the economy and give their institutional, corporate and government customers a good...

Wednesday, 9 July 2014

Air France warns on profit as overcapacity hits prices

2014-07-09 AN AIR France-KLM profit warning bruised European airline shares yesterday, as the latest evidence of overcapacity set the stage for possible further job cuts.Europe’s second-largest traditional network carrier warned its 2014 profits could be as...

US begins sanction talks with EU banks

2014-07-09 US AUTHORITIES have begun settlement talks with Germany’s Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in US-German relations. The...

In Brief

2014-07-09 China to attract private funding in railway fundBEIJING: China will provide the initial money for a railway fund, which will be open to private investors to help better finance the sector’s expansion, according to rules published yesterday. Under...

Tuesday, 8 July 2014

New IDB fund aims to build regional links

2014-07-08 A NEW infrastructure fund from the Islamic Development Bank aims to help Gulf-based companies expand in Asia and Africa, developing stronger economic ties among these regions. Jeddah-based IDB is keen to grow trade among its 56 member countries...

New banks line up to take on Britain’s high street lenders

2014-07-08 BRITAIN’S regulators have given the green light to five new banks since easing rules a year ago for new entrants to challenge the handful of lenders who dominate the high street. The Bank of England and the Financial Conduct Authority also said...

Monday, 7 July 2014

In Brief

2014-07-07 Daimler expects sales to surpass Audi, BMWFRANKFURT: German carmaker Daimler expects its Mercedes-Benz brand to overtake rivals Audi and BMW by number of cars sold in China this year as its new strategy for the world's biggest car market starts to...

Bulgaria on brink of nuclear deal

2014-07-07 BULGARIA, one of five EU states that depend totally on Russia for nuclear fuel, is set to take a step towards diversifying its suppliers when Westinghouse Electric Company buys a stake in a state-controlled firm building new atomic units....

Public investment needed to boost world growth: IMF

2014-07-07 GOVERNMENTS must increase public investment to help drive the global recovery and help boost “less robust than expected” economic growth, IMF chief Christine Lagarde said Sunday. The head of the Washington-based International Monetary Fund...

Airbus unsure if it will launch A330neo at airshow

2014-07-07 AIRBUS Group has not decided whether it will launch its proposed A330neo jet at this month’s Farnborough Airshow but is confident about the outlook for plane orders at the gala event, its strategy chief Marwan Lahoud said on Saturday.Airbus has...

Switzerland gets the edge on EU with China trade deal

2014-07-07 SWITZERLAND has one-upped its European Union neighbours with a free trade deal with China that its politicians and business sector say is crucial to boosting ties with the world’s second-largest economy.The free trade agreement (FTA), in force...

China assets not hot enough for Western investors

2014-07-07 A FLURRY of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity.China has been working...

Dubai Mall of The World to boast 100 hotels

2014-07-07 THE shopping-loving city that is home to one of the world’s largest shopping malls wants to build one even bigger.Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World...

Saturday, 5 July 2014

Honda expands US recall

2014-07-05   HONDA Honda Motor Co is expanding to the state of California a US regional recall of vehicles over potentially explosive air bags made by Takata Corp, the automaker said on Friday, after a complaint that said a driver was injured in an accident...

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