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Qantas cuts flights to Asia as COVID-19 hits profits

Australian airline Qantas on Thursday announced a major reduction in flights to Asia as the deadly coronavirus outbreak that began in China impacts demand and eats into profits.

Markets

US meeting on Huawei, China policy still on for Thursday despite Trump tweets – sources

A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still on for Thursday, two sources said, despite a pushback from President Donald Trump against stricter limits on shipments of U.S. products overseas.

Markets

Fresenius Medical says fourth-quarter operating profit up 3per cent

Germany's Fresenius Medical Care on Wednesday said quarterly adjusted operating income edged 3per cent higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America.

Markets

Boeing, crash victims’ lawyers negotiate over access to 737 MAX documents

Boeing Co and lawyers representing families of victims of a 737 MAX crash agreed in court on Wednesday to hold a conference call with U.S. government crash probe authorities over access to documents related to the now-grounded aircraft's design, development and two fatal disasters involving it.

Markets

Netflix CEO’s new book to shed light on streaming giant’s work culture

Netflix Inc Chief Executive Officer Reed Hastings has written a book based on interviews with current employees, which sheds light on the streaming giant's radical management culture and the controversial principles at the heart of the company's psyche.

Markets

China’s HNA emerges as recent buyer of A330neo jets amid revamp: sources

Debt-laden HNA Group has restructured jet orders with Europe's Airbus in a compromise deal that includes an order for dozens of A330neo jets, two people familiar with the matter said, amid reports of a wider shake-up at the Chinese conglomerate.

Markets

Commentary: Don’t waste Budget money. Here’s how to stretch your SkillsFuture dollars

Retraining shouldn’t be this painful, so capitalise on the SkillsFuture movement to transform how you work, says Crystal Lim-Lange.

Markets

Higher costs seeping into supply chains with virus outbreak: OCBC

DISRUPTIONS to regional supply chains amid the Covid-19 outbreak have bumped costs up by almost 20 per cent for some traders and distributors as they scramble to find alternative suppliers outside of China, a senior executive at OCBC told The Business Times (BT).

Markets

Young leaders from Singapore business families set up S$5m fund for SMEs

YOUNG leaders from six prominent business families in Singapore, which include Goldbell Group and Super Group founder's investment firm Apricot Capital, are behind a S$5 million fund to provide financing help for local enterprises hit by the impact from the virus outbreak.

Markets

Great Eastern’s Q4 profit more than doubles to S$287m

A REBOUND in investments due to favourable financial market conditions gave a fillip to Great Eastern's fourth-quarter bottom line.

Markets

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