Page 1371 - Reuters

Restructuring to save South African Airways $47 bn, but affect 944 jobs

If you look at the 944 employees (who could lose their jobs), it's estimated, depending on how the process pans out, it could save the company about 700 million rand.

Wall Street opens higher as investors shift focus to Donald Trump speech

The Dow Jones Industrial Average rose 10.10 points, or 0.04%, at the open to 27,701.59

White House optimistic on prospects for US-China trade deal: Official

"We're very optimistic that round one will be completed and, hopefully, signed before the end of this year," Marc Short, chief of staff to Vice President Mike Pence, told CNBC

China factory prices falter, while inflation soars to near eight-year high

The producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6% in October from a year earlier, marking the steepest decline since July 2016

Honda Motors cuts outlook for annual profit, global sales to a 4-year low

The dour outlook comes at a time when Honda is struggling to shore up its automobile operations, with its profitability down more than half in the past two years

India's cotton output set to jump 14%, exports to remain steady: Trade body

India saw its highest monsoon rainfall in 25 years during the June-September season and rains even continued in October and November.

$50-bn Fiat Chrysler-Peugeot tie-up: Here are some key facts about the deal

Last month the two companies announced plans to join forces to create the world's fourth-largest automaker

India's retail inflation may have breached RBI's comfort level of 4% in Oct

Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies.

India's higher diesel exports to weigh on Asia's refining margins

Diesel cracks that had strengthened in anticipation of new marine fuel norms from January 2020 have eased since the start of September

WhatsApp snoop: Targeted users want govt to explain ties with Israeli firm

The group of 19 affected Indian users said in an open letter that Prime Minister Narendra Modi's government must explain whether it had mounted the surveillance on them

Daimler to trim 10% management worldwide to cut cost: Sueddeutsche Zeitung

Daimler's new Chief Executive is due to give a strategy update, which could include cost measures, on Nov. 14.

China's Alibaba plans to launch $15-bn Hong Kong listing by Nov-end

The company had been working on an August listing in Hong Kong but the transaction was put on hold due to anti-government protests in the city creating financial and political uncertainty

Mahindra and Mahindra Q2 net down 27% on sales drop amid auto slowdown

Last month, larger rival Maruti Suzuki India flagged 30.2% slide in unit sales for the September quarter.

Banks ease bad debt problem by write-offs, underlying problem not resolved

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy

Suzuki dials back on promise of India's auto market, and it is not alone

India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power

Oil prices rise above $62 a barrel on hopes for US-China trade deal

China and the United States have agreed in the past two weeks to cancel tariffs in different phases, the Chinese commerce ministry said on Thursday without giving a timeline

Wall Street hits fresh record high on fresh US-China trade deal hopes

China said it had agreed with the United States to remove tariffs in phases, while state-owned Xinhua News Agency said Beijing was also considering removing restrictions on poultry imports

Airbus extends lead over Boeing with 415 airplane sales in October

The European planemaker also announced on Thursday deals including 12 orders for its A330neo passenger jet from an unidentified buyer

A 'green interest rate?' Fed digs into economic impacts of climate change

A 'green interest rate' is one of the ideas on view Friday as the San Francisco Fed convenes the U.S. central bank's first-ever conference on climate change and economics

After Google's Fitbit deal, Europe's antitrust chief fears for data privacy

Google's Fitbit deal requires EU regulatory approval