Cathay Pacific Swings to 1st-Half Net Loss on Weak Demand, High Oil Prices
Cathay Pacific Airways Ltd. (0293.HK) said Wednesday it swung to a first-half net loss because of rising fuel costs as well as softer demand for passenger travel and freight services.
Bharti Airtel April-June Net Profit Drops 37%; Misses Views
Bharti Airtel Ltd. (532454.BY) Wednesday disappointed with a 37% decline in its quarterly net profit as regulatory changes and higher taxes weighed on its wireless services revenue in India.
Qantas Airways Outlines Yearly Cost Savings Goal
Qantas Airways Ltd. (QAN.AU) expects to save around 300 million Australian dollars (US$316.4 million) a year from asset sales and consolidation, Chief Executive Alan Joyce told a business meeting in Sydney on Wednesday.
Congressman Akin wins Mo. GOP primary for right to challenge Democratic US Sen. McCaskill
Congressman Todd Akin has won a hard-fought Republican primary for the right to challenge Democratic U.S. Sen.
Clay tops Carnahan in second member versus member contest of the night in Missouri
Rep. William Lacy Clay Jr. defeated fellow Rep. Russ Carnahan (D-MO) on Tuesday after redistricting.
S Korea Banks' Household Loan Growth Slows in July
South Korean bank lending to households grew in July at a slower pace than in the month prior, as people took out less mortgage loans amid a vacation season lull in the housing markets, the Bank of Korea said Wednesday.
Hong Kong Airlines to End Hong Kong-London Gatwick All-Business-Class Service From September
Hong Kong Airlines Ltd., the fledgling carrier backed by Chinese aviation-and-leisure conglomerate HNA Group Co., is terminating its all-business-class service between Hong Kong and London because of poor demand, an executive revealed to Dow Jones Wednesday.
Cathay Financial Raises US$254 Million in 2-Year Convertible Bond Sale
Cathay Financial Holding Co. (2882.TW), Taiwan's biggest listed financial conglomerate by assets, said Wednesday it raised US$254 million from the sale of two-year convertible bonds.