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21 hours 49 minutes ago

Qantas orders 10 A321XLRs, converts 26 more to model from prior order

Australia's Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets and convert another 26 from a prior order to the new long-range model.

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21 hours 49 minutes ago

Asia shares pin all on dovish Fed, risk disappointment

Asian shares hit five-week highs on Wednesday as investors wagered the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.

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22 hours 36 minutes ago

Wall Street takes on long-term care payouts as insurers balk at costs

Some U.S. insurers are turning to Wall Street's financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved.

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22 hours 40 minutes ago

Fed likely to leave rates steady, despite market outlook and Trump demands

The U.S. Federal Reserve concludes its latest two-day policy meeting on Wednesday expected to leave interest rates on hold but flag whether it plans to cut rates later this year as investors expect and the U.S. president has demanded.

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23 hours 36 minutes ago

Toyota snub dents Saudi Arabia's manufacturing drive

Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman's grand plan to wean the kingdom off oil revenues and create jobs for young Saudis.

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23 hours 59 minutes ago

Asian shares climb, wager all on dovish Fed, trade hopes revive

Asian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.

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1 day ago

Oil gains amid Middle East tensions, U.S.-China trade deal hopes

Oil prices extended gains on Wednesday after rising in the previous session on rekindled hopes for a U.S.-China trade deal and on the potential for conflict between the U.S. and Iran in the Middle East after tanker attacks there last week.

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1 day ago

Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD

Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a U.S.-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found.

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1 day ago

China to maintain anti-dumping tariffs on U.S. distillers grains

China's Ministry of Commerce on Wednesday said it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGS), a cereal by-product of ethanol manufacturing, after completing a review launched in April.

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1 day ago

Qantas adds 10 Airbus jets to order, will take 36 A321XLRs

Australia's Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets, taking its total A320neo family order to 109 jets.

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