Bombardier in advanced talks to sell three plants to Spirit AeroSystems for over $1 bilion: sources
Canada’s Bombardier is in advanced talks to sell three facilities, including its Belfast wing-making plant, to Spirit AeroSystems for more than $1 billion in cash...
China officials optimistic for trade deal with U.S. despite APEC setback
Chinese officials voiced optimism that Beijing and Washington can find a way to clinch the so-called Phase One trade deal next month, despite the abrupt...
In record deal, U.S. to recover $1 billion from Malaysian fugitive Jho Low
The U.S. Justice Department on Wednesday struck a deal to recoup $1 billion in funds allegedly looted from a Malaysian state investment fund by fugitive...
Air Premia braces for long-haul battle with new Boeing 787s
South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth $1.4 billion at list prices, becoming...
U.S. agrees $1 billion 1MDB forfeiture deal with Malaysia’s Jho Low
The U.S. Justice Department on Wednesday reached its biggest civil forfeiture deal in agreeing to recover almost $1 billion in funds Malaysian financier Jho Low...
Toshiba sues former employee of U.S. unit, citing fraud
Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the...
Oil prices rise as investors put hopes on China stimulus
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous...
China’s factory activity shrinks for sixth month as trade war clouds outlook
Factory activity in China shrank for the sixth straight month in October and by more than expected, pointing to further pressure on its manufacturers as...
Samsung Elec upbeat on chip outlook as third-quarter profit plunges
Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due...
Ford reaches tentative labor deal with United Auto Workers union
Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker...