Thai Air Asia X, a joint venture including Malaysia’s AirAsia X, the long-haul segment of low-cost Air Asia, and its Thai unit, will be seeking an IPO soon, Tony Fernandes, founder and chairman of AirAsia, said on Friday.
Shares in indebted aviation-to-finance conglomerate HNA Group’s flagship unit fell by the maximum 10 per cent in Shanghai on Friday, their first trading day in more than six months, as the company returns to the market after an internal reorganisation.
Shares in Taiwan Semiconductor Manufacturing Co, a key Apple supplier, jumped to its highest in three months in Taipei on Friday after the company said it expected an improvement in smartphone sales in the second half of 2018.
President Donald Trump has asked a senior aide to invite Vladimir Putin to Washington this autumn and discussions are under way, press secretary Sarah Sanders tweeted on Thursday. Mr Trump has also said he will be the Russian president’s “worst enemy” if the US-Russia relationship doesn’t work out.
President Donald Trump moved to invite Russian counterpart Vladimir Putin to Washington this year, as the top intelligence official in the US said he wished the meeting between the two leaders this week had gone differently.
Twitter has reshuffled its board, appointing former Nigerian finance minister Ngozi Okonjo-Iweala and former World Bank chief Robert Zoellick as directors and saying Dame Marjorie Scardino, former Pearson chief executive, would step down at the end of the year.
Stocks slid further into the red by market close on Thursday, with investors unsettled by the state of trade talks between the US and China and comments from President Donald Trump criticising the Federal Reserve.
Uber’s head of finance is leaving to become chief financial officer at DoorDash, the food delivery start-up, in the latest executive departure at the car booking company as it prepares for an initial public offering next year.
A widely-watched measure of volatility in Treasury markets has fallen to a new low for the year, despite broader consternation over trade disputes and warning signals in the bond market that the US may be headed toward recession.
Philip Morris International’s bet on a smoke-free future has hit a snag. The world’s biggest listed tobacco company sharply lowered full-year earnings guidance on Thursday as efforts to win customers for its smokeless devices struggled to gain traction.