AirAsia close to announcing adjustment to Airbus plane orders: sources
AirAsia Group Bhd plans to announce an adjustment to its large order book for Airbus airliners on Friday, confirming at least part of its order...
Best Buy misses quarterly same-store sales estimates
Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game...
Thyssenkrupp CEO’s last roll of the dice: sell the family silver
Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s...
Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources
Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with...
Sony in $760 million Olympus stake sale after investor Loeb’s prodding
Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move...
UBS hires former Credit Suisse star Khan as part of broader shakeup
Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader...
London mayor says firms must play by the rules as Uber faces license renewal
London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s London license, which is due to...
China hopes U.S. will create conditions necessary for September trade talks
China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington...
China discussing September trade talks with U.S.: commerce ministry
China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China’s Commerce Ministry...
UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford
The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset...