Category: Top News

The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines (UAL)  $435,000 for operating 23 flights in 2014 using a Boeing (BA) 787 that the government claims was not in a condition to fly, according to Reuters. The FAA alleged that in June 2014, United mechanics replaced a fuel pump pressure switch on the […]

Evergrande’s stock price has more than tripled this year Almost all shares available for lending ‘spoken for’: Markit Xia Haijun, president and chief executive officer of China Evergrande Group. Photographer: Anthony Kwan/Bloomberg China Evergrande Group’s astonishing share rally has resulted in the world’s most painful short trade this year. To add insult to injury, bearish […]

Junta wants to create second Asian aircraft maintenance hub Thailand investment board says FDI recovering from 2014 fall Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. Lockheed Martin Corp.’s Sikorsky Aircraft is the latest company to study a possible […]

Fitch Ratings, Lucror flag potential liquidity crunch Size of company debt has become unmanageable: K M Visaria Brutal competition and 457 billion rupees ($7 billion) of borrowings have finally caught up with billionaire Anil Ambani’s Reliance Communications Ltd. The Indian wireless operator rattled investors with its first full-year net loss amid signs it’s struggling to […]

Brokers have limited capital for high-value trades: EFG-Hermes Pakistan to be added to MSCI’s emerging market index on June 1 EFG-Hermes Holdings SAE expects Pakistani equities to be so popular with overseas funds this week that the country’s stock market could attract more money than it can handle the day before MSCI Inc. restores the […]

Hui Ka Yan’s wealth jumps more than 132 percent this year Evergrande has soared on buybacks, speculation of rising sales Hui Ka Yan. Photographer: Anthony Kwan/Bloomberg Hui Ka Yan, chairman of China Evergrande Group, has seen his fortune surge by at least $10 billion this year as shares of his property company have almost tripled. Hui’s […]

U.K., U.S., China markets closed for holidays on Monday Dollar reverses losses amid Fed official’s rates comments Stocks in Japan and South Korea climbed amid low trading volume and the dollar erased losses as Federal Reserve Bank of San Francisco President John Williams said the economy is strong enough to withstand three or four interest rate […]

The man who probably will be Iceland’s next prime minister says he knows how to deal with the global wave of populism that’s threatening the established order: Deliver plenty of economic growth and jobs.  Bjarni Benediktsson, the 46-year-old leader of the conservative Independence Party, on Sunday emerged as the big winner in the nation’s snap […]

China’s oil output slump shows no signs of abating as the country’s state-run energy giants hold back spending to cope with the crash in prices. China’s Big Three producers, led by PetroChina Co., have spent about half of their 2016 capital-expenditure targets in the first nine months of the year, according to operational data released […]

The U.K.’s biggest banks and financial firms could gain an additional 12 billion pounds ($14.6 billion) a year in revenue from Britain leaving the European Union, according to a report from a pro-Brexit lobby group. Leaving the 28-nation trading bloc and ending membership in the EU single market for trade and services would help Britain […]