China not taking Boeing 737 MAX 8 airworthiness certificate applications

China not taking Boeing 737 MAX 8 airworthiness certificate applications
FILE PHOTO: A Boeing 737 MAX 8 aircraft of Air China sits on the tarmac at an airport in Beijing, China March 11, 2019. REUTERS/Stringer/File Photo BEIJING (Reuters) – China’s civil aviation regulator has stopped taking applications for Boeing’s 737 Max 8 airworthiness certification since March 21, an official at the regulator’s news department said on Tuesday. China was the... Read More

China’s Huawei sees little impact on sales from U.S. broadside

China’s Huawei sees little impact on sales from U.S. broadside
SHENZHEN/HONG KONG (Reuters) – The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. FILE PHOTO: Eric Xu, CEO of Huawei, addresses media at Cebit, the world’s biggest computer and software... Read More

Ex-McKinsey chief Gupta says he was in solitary for weeks in U.S. jail

Ex-McKinsey chief Gupta says he was in solitary for weeks in U.S. jail
NEW DELHI (Reuters) – Rajat Gupta, one of the most prominent members of the global financial elite until he was convicted of insider trading in 2012, has revealed he was kept in solitary confinement for weeks during his incarceration in an American federal prison. FILE PHOTO: Former Goldman Sachs Group Inc board member Rajat Gupta departs Manhattan Federal Court after... Read More

Budget carrier AirAsia pulls ‘Get off in Thailand’ ads in Australia

Budget carrier AirAsia pulls ‘Get off in Thailand’ ads in Australia
FILE PHOTO: A Thai AirAsia Airbus A320-200 plane prepares for take off at Don Mueang International Airport in Bangkok, Thailand, June 29, 2016. REUTERS/Chaiwat Subprasom/File Photo BANGKOK (Reuters) – Malaysian low-cost carrier AirAsia Group Bhd. said on Tuesday it is dropping advertisements of flights between Brisbane and Bangkok, after drawing criticism on social media that they used a double entendre... Read More

StanChart sees China slowdown, trade war fears receding, eyes digital push

StanChart sees China slowdown, trade war fears receding, eyes digital push
HONG KONG (Reuters) – Fears over a slowdown in Chinese economic growth and the impact of the Sino-United States trade tensions are “receding a bit”, the chief executive of London-based bank Standard Chartered, which makes the bulk of its revenue in Asia, said. Standard Chartered PLC Group Chief Executive Bill Winters attends the China Development Forum in Beijing, China March... Read More

Japan market watchdog seeks $1.2 million fine against Citi, alleges JGB manipulation

Japan market watchdog seeks $1.2 million fine against Citi, alleges JGB manipulation
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren TOKYO (Reuters) – Japan’s SESC market watchdog said on Tuesday it had recommended a $1.2 million fine against the British unit of Citigroup Inc for alleged manipulation of Japanese government bond (JGB)... Read More

Ethiopian crash report likely to be released this week as Boeing briefs airlines

Ethiopian crash report likely to be released this week as Boeing briefs airlines
ADDIS ABABA/SEATTLE (Reuters) – A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country’s transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX. An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton,... Read More

Former Lego CEO steps down from board as part of generation shift

Former Lego CEO steps down from board as part of generation shift
FILE PHOTO: LEGO House in Billund, Denmark, March 6, 2018. Scanpix Denmark/Mads Claus Rasmussen via REUTERS/File Photo COPENHAGEN (Reuters) – Former President and CEO of Danish toymaker Lego, Kjeld Kirk Kristiansen, will step down from the the board of the toymaker at the general meeting in April, the company’s owner said on Tuesday. “This is a completely natural next step... Read More