April 16, 2019

Rising fuel costs and seating surplus push Lufthansa into loss

Lufthansa reported an operating loss of 336 million euros ($380 million) for the first three months of the year, hurt by rising fuel costs and excess […]
April 16, 2019

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led […]
April 16, 2019

Foxconn’s Gou says may run for Taiwan president, step back from daily business

Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned […]
April 16, 2019

Foxconn chairman to withdraw from daily operations, considers presidential run

Foxconn’s Chairman Terry Gou said on Tuesday he is considering contesting Taiwan’s 2020 presidential election and the company said he would withdraw from the daily operations […]
April 16, 2019

Ford’s China JV Changan eyes sales rebound at end-2019: president

China’s China Changan Automobile Group expects sales at its joint venture with Ford Motor Co to rebound at the end of this year as the U.S. […]
April 16, 2019

Rolls-Royce sees double-digit sales growth in China this year: CEO

Luxury carmaker Rolls-Royce expects to achieve double-digit sales growth in China this year, although it will be lower than the 40 percent rate it saw in […]
April 16, 2019

Jet Airways management proposes to halt all operations: ET Now

The management of India’s Jet Airways has proposed to suspend all operations of the debt-laden airline at its board meeting, ET Now reported on Tuesday quoting […]
April 16, 2019

Lufthansa reports loss as high fuel cost, overcapacity weigh

Germany’s biggest airline Lufthansa posted a loss for first three months of the year, hurt by rising fuel cost and overcapacity in Europe. Powered by WPeMatico
April 16, 2019

Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim

The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 […]
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