Thu10192017

LAST_UPDATEMon, 23 Oct 2017 9am

Airbus A330neo Plane Successfully Takes Off On Maiden Flight

TOULOUSE, France: Airbus began the maiden flight of its A330neo jetliner, a plane which is an upgraded version of its profitable A330 family and is designed to sharpen competition with the Boeing 787 Dreamliner.

Read more: Airbus A330neo Plane Successfully Takes Off On Maiden Flight

Could The 1987 Stock Market Crash Happen Again?

NEW YORK: On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.

Read more: Could The 1987 Stock Market Crash Happen Again?

Airasia To Relocate To Fully-Automated Terminal 4 At Singapore Changi Airport

Pic: NST

KUALA LUMPUR: AirAsia Group will relocate operations at Singapore Changi Airport from Terminal 1 to fully-automated Terminal 4 effective November 7.

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Toshiba Investigated By Japan's Securities Watchdog

Pic: ReutersTOKYO: Japan’s securities watchdog is investigating Toshiba Corp’s accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter told Reuters.

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YTL Corp & YTL Power Announce Boardroom Changes

KUALA LUMPUR: YTL Corporation Bhd and YTL Power International Bhd today announced boardroom changes after the demise of Tan Sri Dr Yeoh Tiong Lay.

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Backroom Battle Imperils $230 Million Cryptocurrency Venture

Pic: ReutersZUG, SWITZERLAND/NEW YORK: Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.

Read more: Backroom Battle Imperils $230 Million Cryptocurrency Venture

U.S. Diesel Margins To Drive Refiner Profits For Third Quarter And Beyond

NEW YORK: U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.

Read more: U.S. Diesel Margins To Drive Refiner Profits For Third Quarter And Beyond

China Third-Quarter GDP Growth Likely To Cool As Property, Debt Curbs Bite

Pic: Reuters

BEIJING: China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government’s efforts to rein in the property market and debt risks weigh on activity in the world’s second-largest economy.

Read more: China Third-Quarter GDP Growth Likely To Cool As Property, Debt Curbs Bite

MAS CEO Bellew To Rejoin RyanAir

Peter Bellew.

KUALA LUMPUR – Malaysia Airlines (MAS) Chief Executive Officer (CEO), Peter Bellew, said there was no interference from anybody in discharging his duties at the company but he was going to Ryanair Holdings plc as the love for his home country, Ireland, was pulling him back.

Read more: MAS CEO Bellew To Rejoin RyanAir

Petronas Calls For LNG Producer-Consumer Collaboration

KUALA LUMPUR –  Petroliam Nasional Bhd (PETRONAS), currently the world’s third-largest liquefied natural gas (LNG) producer, has urged LNG producers and consumers to collaborate towards encouraging growth and sustainability of the industry.

Read more: Petronas Calls For LNG Producer-Consumer Collaboration