Business

Airbus opens first plane-completion centre in China

Airbus on Wednesday inaugurated its first completion centre for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing.

Made-in-China jet takes maiden flight

The first large made-in-China passenger plane took off on its maiden test flight Friday, marking a key milestone on the country's ambitious journey to compete with the world's leading aircraft makers.

Automotive

China rises at Frankfurt car show

Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year's Frankfurt auto show (IAA), but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed.

Hurricanes Harvey and Irma

Economic cost of Harvey, Irma could be $290 bn: forecaster

The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the US gross domestic product, US forecaster AccuWeather said in a report Sunday.

Monetary policy

Monetary policy and comments from officials like Fed Chair Janet Yellen also can impact the value of the currency

US dollar losing its luster as safe haven investment

In times of uncertainty or crisis, investors typically take refuge in «safe» options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its luster, especially to the euro.

Caution expected as Draghi, Yellen head to Jackson Hole

Central bank chiefs from the world's wealthiest economies will face pressing policy questions when they address an annual economists' confab in Wyoming on Friday.

White House

Canada, the United States and Mexico will launch their second round of NAFTA renegotiation talks on Friday in Mexico City

US, Canada aim for NAFTA deal by year's end

US President Donald Trump and his Canadian counterpart Justin Trudeau hope to reach a deal to revamp NAFTA by year's end, the White House said Thursday.

US misunderstands NAFTA, North American business body says

The US government doesn't have a clear idea of what NAFTA covers, a business body representing several big North American multinationals said on Tuesday after Washington picked a trade fight with Canada.

Markets

North Korean leader Kim Jong-Un said Tuesday's launch of a missile over Japan was a «curtain-raiser» but while analysts said the threat was still apparent, markets were more at ease following tempered comments from US President Donald Trump

Asian markets rebound after North Korea-fuelled losses

Asian traders returned to buying Wednesday, reversing the previous day's losses as Donald Trump's measured response to North Korea's missile launch and upbeat US data restored a semblance of calm to markets.

Asia stocks extend rally as dollar recovers

Asian equities extended a relief rally into a second day Tuesday as traders were emboldened by an ebbing risk of clashes between the United States and North Korea, with safe haven assets continuing to lose ground.

Energy

Oil prices down as US reels from Harvey

Crude prices slipped back in Asian trade Wednesday as a key US oil-producing region reeled from the devastation caused by monster storm Harvey.

Chevron CEO Watson to step down

Chevron chief executive John Watson plans to step down as the petroleum industry prepares for a period of lower oil prices, the Wall Street Journal reported Tuesday.

Business

Dollar, equity markets up as focus turns to banker gathering

The dollar edged up Friday ahead of a much-anticipated central bankers' meeting later in the day, while equity markets also advanced at the end of a broadly upbeat week.

Stocks choppy as bankers meet, Trump talks debt

Stocks wobbled Thursday as traders looked to a major central bankers' meeting and weighed comments by US President Donald Trump about the debt ceiling.

Study

Brexit could bring 100,000 jobs to Frankfurt

The expected mass exodus of UK-based bankers because of Brexit could bring up to 100,000 new jobs to Germany's Frankfurt region over the next four years, according to a study published on Friday.

Europe's largest economy

Germany books record budget surplus in first half

The German state notched up a record budget surplus between January and June, official figures showed Friday, as Europe's largest economy continued to grow strongly.

China

Shareholders in the money as PetroChina first-half profit soars

China’s biggest oil producer PetroChina said a pick-up in oil prices helped net profit skyrocket more than 2,000 percent in the first half, and that it was giving the entire windfall to shareholders via a cash dividend.

Oil giant PetroChina pumps lowest profit since 1999

Chinese oil giant PetroChina has posted its lowest profit since 1999 with the company citing a struggling global economy and slump in international oil prices last year.

Finance

SoftBank invests $4.4 bn in shared offices firm WeWork

Office sharing startup WeWork on Thursday announced that Japan's SoftBank Group has made a $4.4 billion investment in the company.

Fujifilm delays earnings over NZ unit accounting problems

Fujifilm is delaying the release of its financial results as it probes accounting irregularities at a New Zealand unit, raising fears Japan Inc is headed for another embarrassing accounting scandal.

Top Stories

There was much fanfare as Airbus delivered its first long-haul A330 from the Tianjin completion centre to Tianjin Airlines

Airbus opens first plane-completion centre in China

Airbus on Wednesday inaugurated its first completion centre for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing.

In Gaza, which has seen three wars with Israel since 2008, it is almost unheard of for companies to work with Israelis

Israeli firms seek hi-tech help -- in Gaza

When Dan Leubitz needed a contractor for a project with his Israeli tech firm, one address in the list of tenders caught his eye: Gaza.

The latest poll shows German Chancellor Angela Merkel's (L) CDU/CSU party has a lead of 36 percent over main rival Social Democrats led by Martin Schulz (R) with 22 percent.

Coalition wrangling looms for Merkel after German poll

Chancellor Angela Merkel may be on track to win a fourth term in Sunday's election, but exactly what Germany's next government will look like is anyone's guess as thorny coalition talks loom.

Borgward, a German brand brought back to life with the help of Chinese truck maker Beiqi Foton, showed off its Isabella concept car, inspired by the 1950s model.

China rises at Frankfurt car show

Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year's Frankfurt auto show (IAA), but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed.