Has the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of US money. And they have been rewarded. From Alibaba Group Holding Ltd. to JD.com Inc., more than a dozen Chinese companies listed there have a market capitalization of ...

Bloomberg United Airlines Holdings Inc. ordered its first long-range Airbus SE A321neo jets, dealing a new setback to Boeing Co. as the US planemaker struggles through the grounding of its 737 Max. The carrier said it would take 50 of Airbus’s A321XLR jets, with deliveries to begin in 2024 — a year after the model’s planned debut. Valued at $7.1 ...

Bloomberg Deutsche Lufthansa AG was hit with a proposed $6.4 million fine by US aviation authorities over accusations that the carrier operated about 600 flights into San Diego and Philadelphia without proper approval. The Federal Aviation Administration said Lufthansa knew it lacked authorisation to fly to the two cities from March 22, 2018, through May 27 of this year, the ...

Bloomberg Hong Kong Airlines Ltd., the city’s only other competitor to Cathay Pacific Airways Ltd., is fighting for survival just as the busy Christmas season approaches. The Air Transport Licensing Authority told the carrier that its finances had deteriorated so much that it needs to raise more cash or risk losing its license. The regulator will make a decision by ...

Bloomberg Ryanair Holdings Plc cut its traffic outlook by 1 million passengers and said it will close two bases next summer as the grounding of Boeing Co.’s 737 Max jetliner further frustrates expansion plans. Europe’s biggest low-cost airline now expects to attract 156 million customers next fiscal year, based on it getting 10 Max aircraft for summer 2020, or half ...

Bloomberg South Africa’s two biggest mobile-phone companies have for years been under pressure to lower data prices for their poorest customers, and the country’s antitrust regulator is running out of patience. Vodacom Group Ltd. and MTN Group Ltd. must agree to reduce tariffs by a further 30% to 50% within two months or face sanctions for being too dominant, the ...

Bloomberg When Starbucks Corp. took its American playbook to China two decades ago, that included a controversial chapter: grow extra fast and cannibalise your own stores’ sales. After snagging enviable 5% growth in the key country in the latest quarter, the coffee giant warned again that its China comparable sales could rise as little as 1% this fiscal year. The ...

Bloomberg President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing. “I have no deadline,” he told reporters on Tuesday on London when asked if he wanted an agreement by year end. Stocks dropped in ...

Bloomberg The European Union (EU) is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy. At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the December 12-13 meeting. To meet this ...

Bloomberg Opec+ is poised for a debate about lax implementation of oil-production cuts in Vienna this week, with Russia asking to discuss a rule change that would exclude some of its oil production from the group’s quota. Ministers from some of the world’s largest oil producers are gathering this week, and typically their discussions wouldn’t focus on a niche hydrocarbon ...