Boeing 737 MAX departs for key test flight in China
A Boeing Co (BA.N) 737 Max jet departed for China on Wednesday to conduct a flight test as part of the U.S. planemaker’s attempt to gain approval in the vital travel market following two fatal crashes, people familiar with the matter said.
Siemens raises profit guidance again as industrial demand ramps up
German engineering and technology company Siemens (SIEGn.DE) raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections.
Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs
Singapore’s DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia’s biggest lender.
Oil rises on Mideast tensions but virus concerns weigh
Oil prices rose towards $71 a barrel on Thursday on rising Middle East tensions, while fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery.
Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
New York Auto Show canceled amid Delta variant worries
Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus amid rethinking of return to offices schedules.
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists
CVS Health Corp (CVS.N) on Wednesday hedged a bit on its long-term target for double-digit earnings growth for next year, pointing to uncertainty around COVID-19 vaccination and testing demand, as well as medical costs, sending shares down 3%.
Zoom is accused of invading people’s privacy!
Zoom is a U.S. communications technology firm, based in San Jose, California. It offers online video telephony and chats services via a peer-to-peer software cloud platform used for teleconferencing, telecom, distance learning, and social connections. In 2011, Zoom was established by Eric Yuan, former Cisco engineer, and executive, who launched this software in 2013 Zoom […]
Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers
Australia’s record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the economy will rebound from the COVID-19 pandemic are likely to drive deal activity, bankers said.
