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Singapore’s Q4 GDP seen to slow

A ferry sails past Pasir Panjang container terminal port in Singapore yesterday. Singapore’s economy is set to have grown less than initially expected in the fourth quarter as factory activity and exports slowed, suggesting the recent easing in booming sales of electronics could hit growth this year. A Reuters poll yesterday predicted quarterly growth at 2 percent in the October-December period on a seasonally adjusted and annual basis, slowing from the 2.8 percent preliminary figure. ...

February 13, 2018, Tuesday

Italy’s rail group sold for US$2.2b

An “Italo — NTV (New Transportation Travelers)” train crosses the Tiburtina station in central Rome yesterday. Italian railway group Italo has accepted a 1.8 billion euro (US$2.2 billion) takeover offer by US-based fund GIP (Global Infrastructure Partners) yesterday. ...

February 9, 2018, Friday

Chinese firm tests drone taxi flights

A Chinese maker of aerial vehicles, Ehang, based in Guangzhou, capital of Guangdong Province, conducted test flights of its autonomous aerial vehicle, or AAV, on Tuesday. The Ehang 184 series is the ...

February 8, 2018, Thursday

C919’s 1st delivery eyed for 2021

The Commercial Aircraft Corp of China Ltd yesterday said it was aiming to make the first delivery of its C919 single-aisle jet in 2021, despite delays in flight testing. Lu Zheng, COMAC’s deputy general ...

February 7, 2018, Wednesday

Boeing eyes tie-up with Embraer

Boeing Co has presented a plan to Brazil’s government that would give it an 80 to 90 percent stake in a new venture encompassing Embraer SA’s commercial jet business, a Brazilian newspaper said yesterday. The ...

February 7, 2018, Wednesday

Boeing sees full-year profit to take off

Boeing Co yesterday forecast full-year profit well above Wall Street estimates as it expects its busiest year ever for plane deliveries, sending its shares up more than 5 percent in pre-market trading. The ...

February 1, 2018, Thursday

Train links Wuhan with Europe

A freight train sets off from Wujiashan Railway Center in Wuhan, capital of Hubei Province yesterday. An expansion project was completed at the station yesterday. Wujiashan is the starting station for railway link between the central China city with Europe. About 500 trains are expected to run from the station to Europe this year, up over 30 percent from the 377 trains in 2017. ...

January 31, 2018, Wednesday

Couriers go global to deliver

Chinese private courier companies are increasingly using international freight flights to transport goods as global e-commerce booms....

January 31, 2018, Wednesday

Airline’s profit falls 10.9% in Q4

An American Airlines plane is seen in this file photo. American Airlines posted a dip in fourth-quarter profit yesterday due to higher costs as it projected stronger-than-expected 2018 profit because of strong demand. The US carrier reported fourth-quarter earnings of US$258 million, down 10.9 percent from the year-ago period. Revenues rose 8.3 percent to US$10.6 billion. ...

January 26, 2018, Friday

Emirates throws A380 a lifeline

An Airbus A380 of Emirates Airlines lands at Dubai’s International Airport. Emirates yesterday said it has struck a US$16 billion deal to buy 36 A380 aircraft just days after Airbus said it would have to halt production without new orders. Emirates placed firm orders for 20 of the aircraft with options for a further 16. Deliveries are scheduled to start in 2020. Emirates is already the world’s biggest customer for A380 with 101 in its fleet and 41 more firm orders previously placed. ...

January 19, 2018, Friday



 

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