Malaysia's AirAsia Group Bhd has approved and disbursed a 300 million ringgit ($72 million) loan from Sabah Development Bank Berhad to its units as part of the group's fundraising efforts, the budget airline said in a bourse filing on Friday.
China's securities regulator said on Friday it had approved an international copper futures contract for launch on Nov. 19, in a move that will give foreign investors access to trading in the world's top consumer of the metal.
thanks, - China stocks ended lower on Friday, posting weekly losses, as investors locked in profits in consumer and healthcare stocks on concerns over lofty valuations.
Japan's government is in no mood for a huge bailout plan for ailing airline ANA, sources say, preferring a piecemeal approach to direct capital injections - a stark contrast to the bold moves other countries have made to protect flagship carriers.
China's government is expected to issue more import quotas and buy millions of tonnes of additional corn in the new crop marketing year, three industry sources said, amid a surge in animal feed demand and tightening supplies.
Scandinavian airline SAS said on Friday bondholders had subscribed for 56.4% of shares in a bond conversion offering that is a key part of a rescue plan aimed at seeing it through the collapse in air travel caused by the coronavirus pandemic.
SAS said bondholders had subscribed for 56.4% of shares in a bond conversion offering that is a key part of a recapitalisation plan aimed at seeing it through the collapse in air travel caused by the coronavirus pandemic.
Norwegian aluminium maker Norsk Hydro posted a surprise rise in third-quarter operating profits on Friday and said its markets were recovering from the fall in demand seen in the second quarter.
Norwegian aluminium maker Norsk Hydro posted a surprise rise in third-quarter operating profits on Friday and said its markets were recovering from the fall in demand seen in the second quarter.
Hong Kong's Cathay Pacific Airways Ltd's decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is "draconian" and "short-sighted", the head of the union representing them said on Friday.
Chinese budget carrier Spring Airlines is leveraging its low-cost position to attract customers with cheap fares as the country's domestic aviation market recovers, pursuing an aggressive expansion strategy that could soon turn profitable.
Chinese budget carrier Spring Airlines is leveraging its low-cost position to attract customers with cheap fares as the country's domestic aviation market recovers, pursuing an aggressive expansion strategy that could soon turn profitable.
Qantas Airways Ltd said on Friday that Australian state border closures due to the coronavirus pandemic had cost it A$100 million ($71 million) in earnings in the first quarter and would have a negative impact in the second quarter as well.
Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.
Qantas Airways Ltd said on Friday that Australian state border closures due to the coronavirus pandemic had cost it A$100 million ($71.26 million) in earnings in the first quarter and would have a negative impact in the second quarter as well.
Mitsubishi Heavy Industries Ltd said on Friday it was considering various options for its SpaceJet regional jet but had not decided to freeze development of the aircraft.
The United States, state governments and some foreign countries should replace quarantines and travel bans on airline passengers with COVID-19 testing of travelers before departure and upon arrival, airline and business groups said on Thursday.
Demand for gold from jewellers and central banks will remain sharply lower in 2021 than before coronavirus, but investors will keep prices high by stockpiling record amounts of bullion, Refinitiv Metals Research said.
The Canadian government and the province of Alberta are launching a pilot program to test eligible returning travelers for COVID-19, allowing them to leave quarantine once they receive a negative result, Alberta Premier Jason Kenney said on Thursday.
Airbus has asked suppliers to be ready to support a conditional 18% increase in production of its best-selling single-aisle A320 jet family to 47 jets a month as early as the second half of 2020, the European planemaker said on Thursday.