Danone CFO says China’s baby formula plan ‘not a surprise’
China’s plan to increase local production of baby formula products has not come as a surprise to global dairy maker Danone, which has plans to...
Pilot shortages, unsold planes weigh on ATR deliveries: sources
Franco-Italian turboprop maker ATR is tackling a slump in deliveries resulting from a combination of industrial delays, unsold aircraft and pilot shortages, industry sources said....
Tesco CEO not ready to check out in tough UK retail climate
The boss of Tesco said he had unfinished business at Britain’s biggest retailer after its quarterly sales growth slowed in a subdued grocery market under...
Exclusive: Petrobras ignored warnings about fuel broker implicated in graft probe
Brazil’s Petrobras found suspicious activity in its oil trading business – and failed to stop it – six years before an alleged bribery scandal erupted...
Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source
China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early...
China’s ‘Gen Z’ shoppers fuelling luxury market momentum: Bain
Chinese “Gen Z” shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into...
Chinese vice premier urges more support for economy amid trade war
Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting...
China, Hong Kong homebuyers play cross-border musical chairs in Bay Area
An ambitious plan to transform the industrial towns of China’s Pearl River Delta into a modern economic zone powered by new technology ventures has triggered...
Airbus delivers first A350 to Japan after landmark deal
Airbus delivered its first A350 aircraft to Japan Air Lines on Thursday, saying the specially tailored version would start operating on Japan’s busy domestic routes....
Oil surges after Gulf tanker attacks, stocks claw higher
Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling...