Bloomberg China Eastern Airlines Corp. will be the first customer to take delivery of the home made C919 single-aisle passenger jet as a state-owned planemaker markets the aircraft whose maiden test flight has been delayed at least twice since 2014. Commercial Aircraft Corp. of China Ltd. said it signed an agreement with the Shanghai-based carrier to start negotiations to ...

  Bloomberg Deutsche Lufthansa AG’s Eurowings dodged more strikes this week after a cabin-crew union decided to give negotiations another chance to resolve a contract dispute. The union UFO, which rejected arbitration after the two sides failed to reach an agreement over the weekend, offered a new round of talks to “make further labor action obsolete,” according to a letter ...

  Bloomberg Shoprite Holdings Ltd. said Whitey Basson will retire as chief executive officer, ending a 37-year tenure that saw the company grow to become Africa’s biggest food retailer. Basson, 70, will step down at the end of December and be succeeded by Pieter Engelbrecht, the company’s 47-year-old former chief operations officer, Cape Town-based Shoprite said in a statement on ...

  Bloomberg Global consumer companies trying to find a business model for China’s burgeoning domestic market will be watching closely as one of the oldest Western brands in the country starts a new strategy. Yum! Brands Inc., which opened its first KFC restaurant in China in 1987 and also operates Pizza Hut outlets, has been losing market share thanks to ...

  Tokyo / AFP Japan’s central bank on Tuesday again pushed back the timeline for hitting its inflation goal, the latest policy change that has raised questions about its attempt to revive the deflation-plagued economy. The Bank of Japan (BOJ) has for more than three years embarked on a bond-buying stimulus programme to try to keep interest rates ultra-low and ...

  Sydney / AFP Australia’s central bank on Tuesday held interest rates at a record low of 1.50 percent and indicated what analysts called a “wait and see” approach to future monetary policy easing despite a run of soft inflation figures. The country is transitioning away from a resources investment boom that has helped the economy mark a quarter of ...

  London / AFP Bank of England (BOE) governor Mark Carney put an end to speculation over his future by announcing he would extend his contract for one year to 2019 to help secure an “orderly transition” to Brexit. The Canadian will not take up his option to leave in 2018, but at the same time has declined to serve ...

  AFP Standard Chartered Plc reported third-quarter profit that fell short of analyst estimates as revenue declined at all four of its divisions. Adjusted pretax profit was $458 million compared with a loss of $139 million a year earlier, the London-based lender said in a statement on Tuesday. That missed the $520 million average estimate of six analysts surveyed by ...

  Bloomberg Barclays Plc’s decision to cut 25 percent of its London office space highlights the growing risk that tenants will be in short supply for developers of buildings being constructed. The lender is seeking to sublease offices in the Canary Wharf financial district to the UK government, according to two people with knowledge of the matter. They asked not ...

  Bloomberg Indonesia’s central bank Governor Agus Martowardojo was questioned by the nation’s anti-corruption agency as a witness in a probe relating to a government contract that was awarded during his time as finance minister. Martowardojo appeared at the offices of the agency known as KPK on Tuesday, Andiwiana Septonarwanto, deputy director of communications at Bank Indonesia, said in a ...