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Friday, December 13, 2019

World Business

China has ‘important concerns’ about Boeing 737 MAX design changes

Aviation regulator’s remarks break months of silence from the first country to ground model after crashes.

Oil market in limbo despite OPEC+ cuts

International Energy Agency warns of likely surplus in global supply in the first quarter of next year.

New Nissan boss vows ‘to show everything’ after Ghosn scandal

Makoto Uchida seeks to regain trust for once-mighty auto giant.

EU seeks to arm itself against US, others in trade disputes

European Commission plans to impose tariffs after Washington blocked WTO from appointing new members to a supreme court for international disputes.

European stocks climb as UK begins ‘Brexit election’

More than 4,000 polling venues across England, Scotland, Wales and N. Ireland have opened their doors for a day.

Nestle sells US Haagen-Dazs unit for US$4 bil

Swiss company expanding to challenge global ice cream leader Unilever.

Newly-listed Indian bank surges as much as 70% in IPO

Investor demand exceeded shares on offer by 166 times.

HK’s role in global finance intact, says Fitch

Credit rating agency points to recent listing of Alibaba Group on the stock exchange as a positive.

Aramco reaches Prince’s US$2 tril goal after 2nd-day surge

Analysts say oil producer’s market valuation is justified due to secured dividend streams.

Chinese roe, the ‘Ferrari’ of caviar

Country's sturgeon eggs have gained the respect of connoisseurs around the world.

More pain looms for Asia’s worst-performing bonds

Reserve Bank of India’s hold on rates last week led to worst weekly fall in bond prices in more than 18 months.

1st-world S. Korea refuses to relinquish emerging currency

Authorities are scared any vulnerabilities will lead to speculative attacks on South Korea’s markets.

Chinese businesses boost self-reliance as trade war rolls on

Trade war has added fuel to fire of Beijing’s ambition to duplicate foreign industries inside China.

Australia ‘not messing around’, hands out new rules to Facebook, Google

Guidelines will ensure substantial market power will not hinder competition in media and advertising.

YouTube bans ‘implied’ threats

Ban applies to everyone including private individuals, creators, to public officials.

Confident of favourable outlook next year, Fed holds rates

US central bank is confident actions it had taken so far are working.

Sterling rebounds on eve of UK election

Sterling has surged in recent weeks on expectations Boris Johnson would win and push through his Brexit deal.

Court orders Dolce & Gabbana to pay Maradona for illegal use...

Football legend had sued Italian luxury fashion house for €1 mil.

Opec reduced output in November, more cuts planned

Total output of crude by the cartel declined by 193,000 barrels per day.

FAA chief says Boeing 737 MAX won’t be recertified until 2020

Both parties have been under intense scrutiny since 2 crashes killed 346 people.

Airline profits tumble due to trade turbulence

Global earnings expected to be more than a quarter less than Iata's original 2019 forecast.

Germany to compensate Thomas Cook tourists hundreds of millions

Total losses sustained by customers of bankrupt British travel firm estimated at €500 mil.

Telefonica Deutschland picks China’s Huawei for 5G network

It will build 5G radio network on 50-50 basis with Finland's Nokia, subject to certification.

Saudi Aramco shares rocket after US$1.88 tril record-breaking IPO

Shares rose 10% just seconds after their Riyadh stock market debut.