ASXPAC

Wide-body jet demand humming again as Boeing 787 rejoins the fray

The Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston, South Carolina, United States March 25, 2018. REUTERS/Randall Hill Register now for FREE unlimited access to Reuters.com Register Demand for long-haul jets rising after prolonged downturn Saudi Arabia discussing potentially significant …

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Exclusive: Europe eyes Musk’s SpaceX to bridge launch gap left by Russia tensions

PARIS, Aug 12 (Reuters) – The European Space Agency (ESA) has begun preliminary technical discussions with Elon Musk’s SpaceX that could lead to the temporary use of its launchers after the Ukraine conflict blocked Western access to Russia’s Soyuz rockets. The private American competitor to Europe’s Arianespace has emerged as a key contender to plug …

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Five Chinese state-owned companies to delist from NYSE

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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With Alibaba stake cut, SoftBank’s Son cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba …

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S.Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in jail for bribery Businessmen were convicted in scandal that felled a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallied after the International …

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Disney tops Netflix on streaming subscribers, sets higher prices

A smartphone screen showing the “Disney+” logo is seen in front of the words “streaming service” in this illustration taken March 24, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million …

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Dollar drops on cooler-than-expected U.S. inflation data

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 10 (Reuters) – The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a …

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Breakingviews – SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its …

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