India on Friday announced a $7.3 billion deal to purchase 156 locally made light combat Prachand helicopters for its air force and the army — part of its ongoing push to be self-reliant on defence.The country’s first locally designed and developed combat helicopter will be produced at the country’s largest helicopter factory, opened by Prime …
India signs $7.3 bn deal for 156 homemade helicopters Read More »
China’s market regulator said it will review Hong Kong conglomerate CK Hutchison’s sale of Panama Canal ports to a US-led consortium, a Beijing-backed newspaper in Hong Kong reported on Friday.The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China — including operations in the vital Central American canal …
Chinese regulator to vet Panama ports deal: Hong Kong media Read More »
Chinese leader Xi Jinping on Friday warned of “severe challenges” to global trade, vowing to open the country’s door “wider and wider” to foreign firms as Beijing faces down a mounting trade war with the United States.Meeting executives including hedge fund boss Ray Dalio and Samsung Electronics chief Lee Jae-yong in Beijing’s ornate Great Hall …
China’s Xi warns foreign executives of ‘severe’ trade headwinds Read More »
On the fifth floor of Southeast Asia’s biggest textile market, Indonesian trader Toni Sar waves a white envelope to signal surrender as he points to shuttered units forced to close because of falling business.”There are many who are not strong anymore. They can’t do it anymore,” said the 49-year-old clothes trader, who sells to 27 provinces …
Ramadan brings little respite for struggling Indonesian traders Read More »
Japanese Prime Minister Shigeru Ishiba said Friday that Donald Trump’s views on tariffs were “difficult to understand” after the US president announced 25 percent levies on imported cars and parts.Just weeks after Ishiba and Trump held apparently friendly talks, the duties came as a major blow to Japan, one of Washington’s closest economic and strategic …
Japan PM says Trump’s tariff views hard to understand Read More »
Asian markets were mixed Friday as traders brace for next week’s expected wave of US tariffs, while auto firms extended their painful losses following President Donald Trump’s announcement of steep levies on vehicle imports.The mood on trading floors has soured in recent weeks as the White House presses ahead with its hardball policy approach that …
Asian markets mixed as autos suffer more tariff-fuelled losses Read More »
China has rushed ahead in recent years as the world’s forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets.Goldwind — the country’s sector champion — is set to publish financial results for last year on Friday, offering a window into how its domestic operations and overseas expansion …
Clean energy giant Goldwind leads China’s global sector push Read More »
Australia’s competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin Australia.The decision clears Qatar Airways to cooperate for five years in an “integrated alliance” with the Australian carrier, in which it will take a 25-percent stake.The pact would double flights between Doha and major Australian airports, the Australian Competition …
Regulator clears Qatar Airways-Virgin Australia alliance Read More »
World powers on Thursday blasted US President Donald Trump’s steep tariffs on imported vehicles and parts, urging retaliation as trade tensions intensify and price hikes appear on the horizon.Major car exporter Germany called for a firm response from the European Union, while Japan said it “will consider all options.”Canadian Prime Minister Mark Carney said Thursday …
Trump’s auto tariffs spark global outcry as price hikes loom Read More »
Automakers were battered Thursday as stock markets fell on both sides of the Atlantic after US President Donald Trump announced significant tariffs on imported vehicles and parts, pressing ahead with tough trade policies many fear will spark a recession.On Wall Street, the Dow, the tech-heavy Nasdaq and the broad-based S&P 500 all slipped, with General …
Autos lead market losses after Trump unveils sharp tariffs Read More »
