Markets

MANILA: Philippines' Cebu Air Inc has finalised the purchase of 16 long-range Airbus A330neo jets worth US$4.8 billion at list prices, the airline said on Monday (Nov 4). The budget carrier, which operates 74 aircraft, mostly Airbus A320s, under the brand Cebu Pacific, is turning to larger and ...

NEW YORK: After some "very good conversations" with automakers in the European Union, Japan and elsewhere, the United States may not need to impose new tariffs on imported automobiles, Commerce Secretary Wilbur Ross said Sunday. "Our hope is that the negotiations we've been having with individual ...

U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China's Huawei will come "very shortly," in an interview with Bloomberg published on Sunday.

Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.

SYDNEY: Australia's Westpac Group on Monday (Nov 4) announced full-year profits had fallen 16 per cent to just under Aus$6.8 billion (US$4.7 billion), as the impact of a major banking industry scandal continues to bite. The Sydney-based bank, one of Australia's four largest financial institutions ...

NEW YORK: McDonald's Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday (Nov 3). The company's board determined that Easterbrook had also "demonstrated poor ...

McDonald's Corp said on Sunday that Chief Executive Steve Easterbrook was leaving the company, effective immediately, after a recent consensual relationship with an employee.

Big Oil must consider not only the economic advantages of investing in clean energy, but also the risks of continuing to pursue a fossil energy source strategy, says two experts.

THE cash-on-delivery model remains dominant for many businesses in Singapore - especially small- and medium-sized enterprises (SMEs) - despite the risks in handling cash and the resources needed to verify payments and reconcile collections against invoices.

IN THE near future, investors may just need to fork out US$1,000 to invest in wholesale bonds, compared with the hefty minimum of US$200,000 currently.