SINGAPORE (Reuters) – Boeing Co is confident of working through any potential disruption in titanium supplies due to its “very diverse” supply base, a senior executive at the U.S. manufacturer said on Monday. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a lightweight but strong metal that is used widely in planemaking….
BANGKOK (AP) — Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in Myanmar. Kirin, owner of the San Miguel, Fat Tire and Lion brands, said its board made the decision to “urgently terminate” the partnership with Myanma Economic Holdings Plc, a military-affiliated company, after finding it would…
(This story fixes reference to last week in paragraph six) By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) – Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management. While…
By Aref Mohammed, Rowena Edwards and Dmitry Zhdannikov BASRA/LONDON (Reuters) – A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments…
By Anshuman Daga SINGAPORE (Reuters) – DBS Group flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and boost loan growth and asset quality. Singapore lenders are also expected to be big beneficiaries of rising interest rates, while the…
By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN (Reuters) – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – this time in Italy, where Gianluigi Aponte’s MSC has its sights on the successor company to Alitalia. The 81-year-old, known as “the captain” after…
TOKYO (AP) — The Bank of Japan made an offer for unlimited government bond purchases Monday, moving to curb a surge in long-term interest rates in the world’s third-largest economy. Japan’s central bank set the interest rate for purchasing 10-year government bonds at 0.25%. The market rate had risen close to that level recently on…
TOKYO (AP) — Asian shares were mostly lower Tuesday, echoing a decline on Wall Street, amid concerns about rising tensions in Ukraine over the thousands of Russian troops that have been amassing on their border. Japanese shares started with a boost from bargain-hunting after recent losses, but the buying quickly ran out of steam. Data…
SINGAPORE (Reuters) – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its investment across the region. Lim was named the interim chief executive in September and had previously been the chief operating officer of…
By Florence Tan SINGAPORE (Reuters) – Oil prices on Monday hit their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world’s top producer in an already tight market. Brent crude futures was at $95.61 a…
