June 3, 2020

Germany’s Lufthansa posts first-quarter net loss of 2.1 billion euros

German airline Lufthansa posted a net loss of 2.1 billion euros ($2.35 billion) in the first quarter, writing down the value of assets as the coronavirus […]
June 3, 2020

BlackRock focuses on China credit, oil and travel in Asia

The world’s biggest asset manager, BlackRock Inc , called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia […]
June 3, 2020

As Asia’s tropical storm season arrives, grounded airplanes at risk of damage

Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft […]
June 3, 2020

Brent oil rises to $40 amid hopes for output cuts, recovery

Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a […]
June 3, 2020

Asian stocks jump to 3-month high as recovery hopes outweigh looming risks

Asian shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution […]
June 2, 2020

Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network’s board chairman, marking the first time in Twitter’s […]
June 2, 2020

Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic

The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection. […]
June 2, 2020

Google faces $5 billion lawsuit in U.S. for tracking ‘private’ internet use

Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively […]
June 2, 2020

FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in […]
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