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  • Cathay Pacific defers five A350 deliveries, switches six to smaller model

    September 13, 2017 2:48 PM 6

    SINGAPORE (REUTERS) - Hong Kong airline Cathay Pacific Airways will defer deliveries of five Airbus widebody aircraft by a year and switch six others to a smaller model as it finalised an order for 32 narrowbody aircraft, it said on Wednesday. The carrier has been slashing costs and adjusting its route network after reporting on Aug. 16 its biggest first-half

  • Strategic collaboration to boost Malaysia's biotech push

    September 13, 2017 1:56 PM 6

    KUALA LUMPUR: Malaysia’s biotechnological initiatives are attaining global competitiveness via the BioMalaysia and Asia Pacific Bioeconomy series that seeks to boost strategic collaboration with local players. Malaysian Bioeconomy Development Corp Sdn Bhd chief executive officer Dr Mohd Shuhaizam Mohd Zain said the agency seeks to get as many companies

  • Vibrant Group's Q1 net profit jumps on the back of Blackgold acquisition

    September 13, 2017 11:45 AM 8

    INTEGRATED logistics solutions provider Vibrant Group posted a net profit of S$122.56 million for its first quarter ended July 31, up significantly from S$1.84 million a year ago, due mostly to negative goodwill arising from the acquisition of Blackgold International Holdings Limited (BIHL). Revenue has gone up 89.3 per cent to S$86.76 million, again

  • Air Berlin sees flight operations stabilizing on Thursday: staff memo

    September 13, 2017 10:20 AM 7

    BERLIN - Air Berlin expects its flight operations to stabilize on Thursday as pilots return from sick leave, it told staff in an internal memo on Wednesday, after the insolvent German airline was forced to cancel more than 130 flights in two days. "Since last night more than two dozen captains have reported they are fit to fly," Air Berlin said in the memo. It called

  • Richemont sales beat expectations, no word on new watch chief

    September 13, 2017 5:55 AM 5

    GENEVA - Richemont said sales rose more than expected in the five months to Aug. 31 on a recovery in Asia, but the luxury goods group gave no word on a replacement for its watchmaking division after the departure of an executive touted as a potential future CEO. Lack of news on a successor to Georges Kern, seen as one of the group's most promising managers

  • India up 2 spots on WEF Human Capital Index

    September 12, 2017 8:45 PM 8

    WEF index measures a country's performance on four key areas of human capital development: capacity On the know-how sub-index, the country fares better largely due to higher scores on economic complexity and availability of skilled employees. While the former is a measure of the degree of sophistication of a country’s “productive knowledge” that can be empirically

  • Hong Kong Airlines Million Challenge Begins First Season at Happy Valley

    September 12, 2017 7:53 PM 4

    Hong Kong Airlines, an internationally acclaimed Skytrax four-star full-service airline firmly rooted in Hong Kong, is the new title sponsor of the Hong Kong Airlines Million Challenge and will partner for the next three seasons, the company said. Hong Kong Airlines´ senior management and the Hong Kong Jockey Club kicked off the 2017/2018 season with the opening

  • S&P 500 ends at record for second day but Apple slips

    September 12, 2017 5:14 PM 4

    NEW YORK (Reuters) - The S&P 500 hit a record closing high for the second straight day on Tuesday with financial stocks leading the charge, though gains were stunted by a decline in Apple Inc (AAPL.O) shares after it unveiled its latest iPhone. Based on the latest available data, the Dow Jones Industrial Average .DJI rose 61.49 points, or 0.28 percent

  • EU court upholds decision to limit German aid for BMW car plant

    September 12, 2017 3:20 PM 4

    BRUSSELS - An EU court on Tuesday dismissed German carmaker BMW's bid to overturn a European Commission decision limiting the amount of state aid it could receive. The Commission stipulated in 2014 that the carmaker should receive no more than 17 million euros ($20 million) to expand production of two models of electric and hybrid passenger cars in Leipzig

  • S'pore retail sales rise by 1.8% in July

    September 12, 2017 12:22 PM 4

    Retail sales in Singapore continued to modestly improve with a slightly stronger-than-expected 1.8 per cent rise in July from a year ago as the majority of categories enjoyed growth. Analysts polled by Bloomberg had tipped sales to rise by 1.7 per cent. July's performance was slightly below the revised 2 per cent rise in takings in June, which followed