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21 Oct

UBS cutting up to 30 banking jobs in Asia Pacific: source

UBS Cutting Up To 30 Banking Jobs In Asia Pacific: Source

HONG KONG UBS (S:UBSG) will cut up to 30 jobs in the major centers of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said.The job cuts at the Swiss bank started last week and were centered on both "front and back office" positions in the trading and investment

21 Oct

Hong Kong leader apologizes for mosque water cannon incident after day of violence

Hong Kong Leader Apologizes For Mosque Water Cannon Incident After Day Of Violence

. An anti-government demonstrator shouts toward Tsim Sha Tsui Police Station during a protest in Hong Kong HONG KONG Hong Kong's embattled leader, Carrie Lam, leaves for a visit to Japan on Monday as the Chinese-ruled city struggles to recover from a night of violence in which tens of thousands took to the streets, with further protests planned later in t

21 Oct

Boeing expresses regret over ex-pilot's 737 MAX messages, faults simulator

Boeing Expresses Regret Over Ex-pilot's 737 MAX Messages, Faults Simulator

By Eric M. Johnson and David ShepardsonSEATTLE/WASHINGTON Boeing (NYSE:BA) Co said on Sunday it understood the outcry over leaked messages from a former test pilot over erratic software behavior on its 737 MAX jet two years before recent crashes, and added it was still investigating what they meant.The world's largest planemaker, under growing pre

21 Oct

Asian Markets Mixed Amid Fresh Brexit Uncertainties

Asian Markets Mixed Amid Fresh Brexit Uncertainties

. Asian markets were mixed in morning trade on Monday amid fresh uncertainties over Brexit. The Shanghai Composite and the Shenzhen Component both slipped 0.1% by 10:30 PM ET (02:30 GMT).The National Bureau of Statistics data showed Monday that China’s new-home prices rose 0.53% in September from August in 70 major cities. Meanwhile, Beijing unexpectedly kept i

21 Oct

Asian shares edge higher, pound stumbles on Brexit drama

Asian Shares Edge Higher, Pound Stumbles On Brexit Drama

. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock Exchange (JPX) at the Tokyo Stock Exchange in Tokyo By Stanley White TOKYO Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment inflows into Hong Kong. MS

21 Oct

Hong Kong leader to visit Japan after huge rally, night of violence

Hong Kong Leader To Visit Japan After Huge Rally, Night Of Violence

. An anti-government demonstrator shouts toward Tsim Sha Tsui Police Station during a protest in Hong Kong HONG KONG Hong Kong's embattled leader, Carrie Lam, leaves for a visit to Japan on Monday as the Chinese-ruled city struggles to recover from a night of violence in which tens of thousands took to the streets, with further protests planned later in t

21 Oct

MTR Corp. Pays Heavy Price for Unrest in HK Amid Lack of Insurance Coverage

MTR Corp. Pays Heavy Price For Unrest In HK Amid Lack Of Insurance Coverage

. MTR Corp Ltd (HK:0066), Hong Kong’s subway operator, will probably have to pay for the bill for damages suffered over the past four months during the city’s political unrest. Credit-rating firm Moody’s Investors Service said in a report that the operator may not be fully covered by its insurance and that its credit profile has likely took a hit as a resul

21 Oct

Asian share markets cautious, pound stumbles on Brexit drama

Asian Share Markets Cautious, Pound Stumbles On Brexit Drama

By Stanley WhiteTOKYO Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) were flat, with Australian shares (AXJO) off down 0.3%. Japan's Nikkei (N22

21 Oct

Thomson Reuters says engaged in CEO succession planning

Thomson Reuters Says Engaged In CEO Succession Planning

. FILE PHOTO: Thomson Chief Executive Jim Smith speaks about the deal with Blackstone Group in Toronto NEW YORK Thomson Corp (TO:TRI) is engaged in succession planning for Chief Executive Jim Smith as "a matter of good governance," the business information company said on Sunday. The company statement -releases/thomson--statement-

21 Oct

Fallout from money manager Kenneth Fisher's remarks tops $1 billion in lost assets

Fallout From Money Manager Kenneth Fisher's Remarks Tops $1 Billion In Lost Assets

. Fallout from money manager Kenneth Fisher's remarks tops $1 billion in lost assets By Tim McLaughlin and Ross Kerber BOSTON Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the l

21 Oct

Hong Kong firms, lacking riot insurance, pick up pieces from protest damage

Hong Kong Firms, Lacking Riot Insurance, Pick Up Pieces From Protest Damage

By Sumeet Chatterjee and Clare JimHONG KONG Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the territory's most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said.Businesses big and small have suffered smashed windows, graffit

20 Oct

Thomson Reuters searching for CEO Smith's successor: FT

Thomson Reuters Searching For CEO Smith's Successor: FT

. FILE PHOTO: Thomson Chief Executive Jim Smith speaks about the deal with Blackstone Group in Toronto NEW YORK Thomson Corp (TO:TRI) has begun searching for a successor to Chief Executive Officer Jim Smith, who oversaw the sale of a majority stake in the news and information provider's financial-data business to a Blackstone Group Inc-l

20 Oct

Boeing expresses regret over ex-pilot's messages on 737 MAX software

Boeing Expresses Regret Over Ex-pilot's Messages On 737 MAX Software

. The Boeing logo is pictured at the LABACE fair in Sao Paulo By Eric M. Johnson and Bhargav Acharya Boeing Co (N:BA) said on Sunday that it regrets and understands concerns raised by the release of a former Boeing test pilot's internal instant messages noting erratic software behavior two years before deadly crashes of its 737 MAX jet. The world's larg

20 Oct

Boeing says investigating exchange of document involving a former employee

Boeing Says Investigating Exchange Of Document Involving A Former Employee

Boeing Co (N:BA) said on Sunday it understands the concern caused by the release of an instant message involving a former Boeing employee and is investigating the circumstances of exchanges of the document given to the government investigators."We understand entirely the scrutiny this matter is receiving, and are committed to working with invest

20 Oct

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.95%

Saudi Arabia Stocks Higher At Close Of Trade; Tadawul All Share Up 1.95%

. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.95% – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Real Estate Development, Energy & Utilities and Financial Services sectors led shares higher.At the close in Saudi Arabia, the Tadawul All Share added 1.95%.The best performers of the session on the Tadawul All

20 Oct

Three die after supermarket set on fire, flights out of Santiago delayed due to Chile riots

Three Die After Supermarket Set On Fire, Flights Out Of Santiago Delayed Due To Chile Riots

. Three die after supermarket set on fire, flights out of Santiago delayed due to Chile riots SANTIAGO At least three people died after a supermarket in the Chilean capital Santiago was set alight by demonstrators, while many flights into the city's airport were suspended as crew were unable to get to work, the city's governor said on Sunday.Santiago and

20 Oct

China's Xiaomi says plans to launch more than 10 5G phones next year

China's Xiaomi Says Plans To Launch More Than 10 5G Phones Next Year

WUZHEN, China Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, adding that the mobile phone industry was worried 4G models would not sell next year. Lei made the remarks at the World Internet Conference in the eastern Chinese town of Wuzhen, according to a transcript provided by the c

20 Oct

Long-haul, fuel efficient jets underpin demand at Las Vegas air show

Long-haul, Fuel Efficient Jets Underpin Demand At Las Vegas Air Show

By Allison LampertLAS VEGAS New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world's biggest business jet makers assemble in Las Vegas to showcase their offerings at the sector's largest gathering.The National Business Aviation Association (NBAA) annual corporate

20 Oct

BMW open for new partners in mobility services venture: FAS

BMW Open For New Partners In Mobility Services Venture: FAS

FRANKFURT BMW (DE:BMWG) is keen to find additional partners for the mobility services venture it runs with rival carmaker Daimler (DE:DAIGn), BMW's new chief executive told a Sunday newspaper."We would like to welcome additional partners in this area, which has great future potential," BMW boss Oliver Zipse told Frankfurter Allgemeine Sonntagsze

20 Oct

Turkey says nothing will come of Halkbank case if law in U.S. works

Turkey Says Nothing Will Come Of Halkbank Case If Law In U.S. Works

ANKARA Nothing will come of a case against Turkey's state-owned lender Halkbank "if the law in the United States works", Turkish Foreign Minister Mevlut Cavusoglu said on Sunday, adding that the case was politically motivated.U.S. prosecutors on Tuesday charged Halkbank with taking part in a multi-billion-dollar scheme to evade U.S. sanctions on I

20 Oct

Lufthansa cabin crew union stages all-day strike at smaller airlines

Lufthansa Cabin Crew Union Stages All-day Strike At Smaller Airlines

. Lufthansa cabin crew union stages all-day strike at smaller airlines FRANKFURT German flight attendants' union UFO on Sunday said it would stage an all-day strike at smaller German divisions of airline group Lufthansa (DE:LHAG) in an escalating row over workers' pay and pensions.The walkout at Lufthansa brands Germanwings, Eurowings, Lufthansa City Line

20 Oct

Qantas tests world's longest commercial flight from New York to Sydney

Qantas Tests World's Longest Commercial Flight From New York To Sydney

MELBOURNE Australia's flag carrier Qantas (AX:QAN) completed on Sunday a nonstop test flight from New York to Sydney, researching how the world's longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers.Carrying 50 passengers and crew on board, Qantas Flight 7879 on a new Boeing (NYSE:BA) 787-9 Drea

20 Oct

Boeing board to meet in Texas as scrutiny intensifies: sources

Boeing Board To Meet In Texas As Scrutiny Intensifies: Sources

By Eric M. Johnson and Tim HepherBoeing Co's (N:BA) board of directors and top executives from its airplanes division and supply chain were due to meet on Sunday in San Antonio, Texas, two days after the U.S. planemaker was plunged into a fresh crisis over its banned 737 MAX jet.The meeting comes as pressure mounts on the world's largest planemake

19 Oct

Goldman Sachs investment banker charged in insider trading scheme

Goldman Sachs Investment Banker Charged In Insider Trading Scheme

. Goldman Sachs investment banker charged in insider trading scheme By David ShepardsonA Goldman Sachs Group Inc (N:GS) investment banker was released on bond and placed on leave by the firm after allegedly being involved in an insider trading scheme, a bank spokeswoman said on Saturday.Bryan Cohen, a vice president at Goldman Sachs who works in the Con

19 Oct

China revises Stock Connect rules to include HK-listed dual-class shares

China Revises Stock Connect Rules To Include HK-listed Dual-class Shares

. China revises Stock Connect rules to include HK-listed dual-class shares SHANGHAI/HONG KONG Chinese bourses revised rules that would allow Hong Kong-listed dual-class shares to be included in the Stock Connect scheme for the first time, potentially benefiting Xiaomi Corp (HK:1810) and Meituan Dianping (HK:3690).The rule change, which takes effect on