Category: Business

Planemaker Boeing (BA.N) said that European low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets. Boeing said on Tuesday that it expects airlines in Europe to order 7,100 new single-aisle planes, usually used for short haul trips, […]

Petrol and diesel prices were unchanged in major cities for the 13th consecutive day on Saturday, September 18. Meanwhile, the GST Council on Friday decided to continue keeping petrol and diesel out of the GST ambit and disposed of the proposal saying it was not the right time yet, MoneyControl.com reported. According to a price […]

China Evergrande Group (3333.HK) is confident the company will “walk out of its darkest moment”, the debt-laden property developer’s chairman said in a letter to staff on Tuesday, as nervous global investors fretted about default risks. In the letter that coincided with China’s mid-autumn festival, Hui Ka Yuan, expressed appreciation for the hard work of […]

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going forward we will be touching by 2050 somewhere very close to 90% of electrification,” Mukesh Sahdev, senior vice president and head of downstream at Rystad […]

French artificial heartmaker Carmat (ALCAR.PA) announced on Tuesday that it had carried out the first implant of its Aeson artificial heart in a woman. The company said the procedure had been performed at the UofL Health – Jewish Hospital by University of Louisville physicians in the United States. “This third implant in the U.S. was […]

Czech central banker Tomas Holub said that he would likely support a 50 basis point rate increase at the next policy meeting on Sept. 30, adding to signals that the central bank could deliver its biggest hike since 1997 next week. Speaking to Reuters in an interview conducted on Monday, Holub struck an overall hawkish […]

Concern that China Evergrande (3333.HK)may default on its mountain of debt hit shares of toilet maker Toto (5332.T) and other Japanese firms that are seen vulnerable to a further slowdown in China’s property development. Toto lost 6.1 % on Tuesday, extending its fall since Thursday to 14.8%, on the perceived risk of exposure to Evergrande, […]