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U.S. defense chief rejects Amazon's accusations of bias in cloud contract

U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it.



5 years ago

Deere workers grapple with fallout from Trump's trade war

Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines.



5 years ago

Explainer: Why is Alibaba listing in Hong Kong?

Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing.



5 years ago

Hong Kong's cash pool tightens as Alibaba primes for $13 billion listing

Alibaba Group's $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July.



5 years ago

AirAsia to sell tickets on other airlines as part of online push

Malaysian budget carrier AirAsia Group Bhd said on Friday it would sell flights on more than 100 other global airlines as part of a push to boost revenues.



5 years ago

South Africa's SAA workers start strike that could cripple airline

Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.



5 years ago

Oil rises amid optimism over OPEC supply cuts, hopes on U.S.-China trade

Oil prices gained on Friday after OPEC's forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.



5 years ago

Jet grounding and delays overshadow Dubai Airshow

An eight-month crisis over the grounding of Boeing's 737 MAX jets and widespread industrial delays are setting an unpredictable backdrop to next week's Dubai Airshow, with some airlines reviewing fleet plans even as others look for bargains.



5 years ago

U.S.-China trade hopes revive stocks, protests leave scars

Hopes of a trade deal between Washington and Beijing turned world stock markets and other risk assets higher on Friday, though an escalating wave of global protests from Hong Kong to Chile left some deep scars.



5 years ago

Hong Kong confirms economy fell into recession amid protests, trade war

Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war.



5 years ago

Automakers around world await Trump tariff decision

Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25% tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week.



5 years ago

U.S. trade groups raise alarm over Canadian digital services tax

More than a dozen U.S. trade groups and the U.S. Chamber of Commerce on Friday urged the Trump administration to block a French-style digital services tax proposed by Canadian Prime Minister Justin Trudeau during October's election.



5 years ago

Apple could raise annual ad income to $11 billion by 2025: JPMorgan

The launch of Apple TV+, coupled with Apple Inc's foray into digital services, could help the company increase its income from advertising by more than five fold to $11 billion annually within the next six years, analysts from JP Morgan said on Friday.



5 years ago

Alibaba's $13.4 billion bookbuild covered multiple times: sources

Alibaba's $13.4 billion institutional bookbuild for its Hong Kong listing is already covered "multiple times," according to a message sent to investors and verified by sources with direct knowledge of the matter.



5 years ago

China's JD.com beats quarterly revenue estimates, shares rise

China's JD.com Inc beat analysts' estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before the bell.



5 years ago