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19879 articles published since 08 Mar 2022

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Asian markets track Wall St higher as Hong Kong extends rally
Asian markets track Wall St higher as Hong Kong extends rally
Business and Economy

Hong Kong and Shanghai stocks extended their rally Wednesday on hopes for more Chinese measures in support of battered markets, while traders elsewhere in Asia tracked Wall Street advances fuelled by strong earnings. "Sentiment improved after (Tuesday's) ripping rally in Chinese and Hong Kong stocks," said Kyle Rodda of Capital.

Santos, Woodside abandon mega-merger talks
Santos, Woodside abandon mega-merger talks
Business and Economy

Australian energy firms Santos and Woodside Energy on Wednesday abandoned talks to create an oil and gas firm worth more than US$50 billion. The companies -- under pressure as the world eyes a shift to renewable energy sources -- had held exploratory talks to create what would be one of the world's largest natural gas exporters.

Ford beats earnings expectations despite rising labor cost
Ford beats earnings expectations despite rising labor cost
Business and Economy

US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday. The company expects "higher expenses for labor and major product-refresh actions" this year.

Probe suggests blown-out Boeing jet panel had missing bolts
Probe suggests blown-out Boeing jet panel had missing bolts
Business and Economy

Four of the bolts securing the panel of a Boeing 737 MAX 9 Alaska Airlines jet that blew off mid-flight last month were missing, according to a preliminary investigation published Tuesday. On 5 January, the panel flew off mid-flight after the Alaska Airlines MAX 9 took off from Portland, Oregon bound for Ontario in California.

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