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Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss

Japan's Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021.



5 years ago

Payments in high-value deals not a bribe, says Mahathir when asked about AirAsia probe

Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe.



5 years ago

Stocks gain as China cuts tariffs, investors look beyond virus

Stock markets across the world gained on Thursday, helped by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods as investors bet that the global economy would avoid long-term damage from the coronavirus.



5 years ago

Drugmaker Sanofi expects further profit growth from narrowed focus

French drugmaker Sanofi on Thursday forecast further profit growth for 2020 even as it drops some research in areas such as diabetes in a shake-up to narrow its focus on blockbuster treatments including eczema medicine Dupixent.



5 years ago

Honda may keep Wuhan plants closed longer due to outbreak: Nikkei

Honda Motor Co is considering keeping operations suspended for longer than planned at its three plants in the Chinese city at the center of the new coronavirus outbreak, the Nikkei newspaper reported on Thursday.



5 years ago

UK seeks big tariff reductions in U.S. trade deal

Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements.



5 years ago

Oil rises for a second day as OPEC+ weighs coronavirus action

Oil futures rose for a second day on Thursday boosted by potential OPEC+ action to counter oil demand loss from the coronavirus outbreak and by optimism that trade tensions between the world's two biggest economies were easing.



5 years ago

Britain seeking far-reaching tariff cuts in post Brexit U.S. trade deal

Britain is seeking far-reaching reductions in tariffs in a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements.



5 years ago

Exclusive: China's mobile giants to take on Google's Play store - sources

China's Xiaomi, Huawei Technologies, Oppo and Vivo are joining forces to create a platform for developers outside China to upload apps onto all of their app stores simultaneously, in a move analysts say is meant to challenge the dominance of Google’s Play store.



5 years ago

Payments in high-value deals not a bribe, Mahathir says about AirAsia probe

Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe.



5 years ago

Total beats quarterly forecasts despite low oil price, lifts payout

Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major's shares.



5 years ago

Toyota lifts profit outlook, mulls alternatives to China-made parts amid virus outbreak

Toyota Motor Corp nudged up its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected sales, but added the impact of the new coronavirus was hard to gauge and had not yet been factored in.



5 years ago

Google Maps seeks business, transit reviews in new look as it turns 15

Alphabet Inc's Google Maps on Thursday launched a redesign that prominently solicits users' reviews and photos of places they visit, seeking to grow its data in a field led by local search apps such as Zomato, TripAdvisor and Yelp.



5 years ago

Total beats quarterly forecasts despite low oil price, raises payout

Total beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm's shares.



5 years ago

EU trade chief Hogan returns to Washington as auto tariffs loom

European Trade Commissioner Phil Hogan returned to Washington on Thursday for talks with U.S. counterpart Robert Lighthizer designed to improve transatlantic ties as the threat of auto tariffs looms.



5 years ago