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2 days 4 hours ago

Britain's Thomas Cook scrambles for $250 million to avert collapse

Britain's Thomas Cook needs to find an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world's oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.

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2 days 5 hours ago

Google to invest 3 billion euros in European data centers

Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.

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2 days 5 hours ago

Rolls-Royce sees further delay in Trent 1000 engine overhaul

British engineering firm Rolls-Royce said on Friday it expects problems with its Trent 1000 engines to take longer to fix, with a target of fewer than 10 grounded aircraft delayed until the second quarter of 2020.

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2 days 5 hours ago

Economic stimulus lifts shares, oil edges up on Mideast tensions

Asian share prices rose on Friday as economic stimulus around the world helped eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend's attacks on Saudi Arabia's oil facilities still pose supply risks.

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2 days 5 hours ago

Singapore luxury apartment sales hit 11-year high, driven by Chinese demand

Sales of Singapore apartments worth at least S$10 million ($7.3 million) have hit an 11-year high, fueled by increased demand from Chinese millionaires seeking safe-haven assets, say property consultants OrangeTee & Tie.

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2 days 5 hours ago

Alison Rose gets top job at RBS, first woman to lead major UK lender

Royal Bank of Scotland named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job.

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2 days 5 hours ago

UK's Thomas Cook hunts for $250 million to fend off collapse

Britain's Thomas Cook said its banks had ordered the company to find an additional 200 million pounds ($251 million) of funding in order to guarantee the survival of the world's oldest holiday company.

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2 days 6 hours ago

China sovereign fund CIC says cautious of U.S. investment amid trade war

China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States.

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2 days 6 hours ago

Explainer: Abe, Trump head for trade deal; auto tariffs a sticking point

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to clinch a deal on farm tariffs and digital trade when they meet in New York next week.

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2 days 6 hours ago

Cloud and clear: Tencent draws on gaming tech to lift B2B cloud ambitions

Tech giant Tencent Holdings Ltd plans to leverage its strengths in video games and social media to grab market share in China's burgeoning cloud computing sector from incumbent Alibaba, the head of its cloud unit told Reuters.

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