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South African Airways rescue chief faces long to-do list

South African Airways rescue chief faces long to-do list

South Africa’s government has hired a veteran business-rescue specialist to take charge of the state-owned airline in a renewed attempt to restore it to financial health and remove a burden on the nation’s finances.

Colombia risks downgrade from tax cut plan: Cardenas

Colombia risks downgrade from tax cut plan: Cardenas

Colombia’s credit rating is under threat from tax cuts being debated by congress, former finance minister Mauricio Cardenas said.

Demand slowdown in top gas buyer set to worsen

Demand slowdown in top gas buyer set to worsen

A slowdown in gas demand growth in China, the driver of global use over the past two years, is expected to slacken further, adding to investor concern as supply continues to build.

Russia says new crude-only Opec+ target isn’t a loophole

Russia says new crude-only Opec+ target isn’t a loophole

The exclusion of a light oil called condensate from Russia’s output target under the Opec+ deal is not a loophole, but a way to bring the country in line with the rest of group, said Energy Minister Alexander Novak.

Troubled Hong Kong Airlines allowed to keep operating

Troubled Hong Kong Airlines allowed to keep operating

Low-cost carrier Hong Kong Airlines was allowed to continue flying after the city’s authorities decided yesterday not to punish it for delaying salary payments and ongoing financial problems.

US, China discussing amount of farm purchases: Kudlow

US, China discussing amount of farm purchases: Kudlow

The US and China are trying to agree on the amount of American agriculture products that Beijing is willing to purchase,

Russia to develop stakes in Pakistan economy in big way

Russia to develop stakes in Pakistan economy in big way

Russia has decided to develop its stakes in Pakistan’s economy in a big way and to this effect a 64-member delegation headed by Minister for Trade and Industries

Toyota’s biggest problem is keeping hybrid car models in stock

Toyota’s biggest problem is keeping hybrid car models in stock

Toyota Motor Corp has a problem with selling its hybrids – it can’t get enough of them. “The only thing holding us back on hybrids is capacity,” Bob Carter, Toyota’s North American executive vice president for sales, told reporters on Thursday at an event in Detroit.

Bank Indonesia sounds more cautious tone on  further interest rate cut

Bank Indonesia sounds more cautious tone on further interest rate cut

Indonesia’s central bank has sounded a more cautious tone on interest rates, signalling that the 175 basis points of tightening seen last year may not be fully unwound in the current easing cycle.

Year set for highest share of daily stock gains since 1995

Year set for highest share of daily stock gains since 1995

Between Donald Trump’s trade tweeting, an about-face at the Fed, the buckling and unbuckling of the yield curve, trading stocks in 2019 seemed like a never-ending ordeal of volatility and confusion. Operative word being “seemed.”

Tariff deadline keeps focus on Wall St trade as 2019 draws to close

Tariff deadline keeps focus on Wall St trade as 2019 draws to close

The stock market looks set to end 2019 the way it began the year — highly sensitive to headlines from President Donald Trump’s global trade war.

Ericsson pays $1bn to settle corruption probe

Ericsson pays $1bn to settle corruption probe

A unit of Ericsson AB pleaded guilty to foreign bribery and the parent company agreed to pay more than $1bn to resolve a long-running US corruption investigation involving payoffs in Asia and the Middle East.

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