Category: Business

Airbus (AIR.PA) on Monday confirmed slower deliveries in July as a supply crunch left semi-finished jets outside its factories without engines, but bolstered its future business with confirmation of a major new order from China. The European planemaker said it had delivered 46 planes in July, down from 60 in the previous month and 47 […]

Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat (SEPLAT.LG) after President Muhammadu Buhari approved the transaction. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) head, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum minister […]

China’s corruption watchdog said on Tuesday regulators were investigating three former and current executives linked to a firm that manages the country’s largest state-backed chip investment fund, widening a probe that has rattled the sector. Du Yang, a former director of investment firm Sino IC Capital and Yang Zhengfan, a current deputy manager, are suspected […]

Ralph Lauren Corp (RL.N) on Tuesday beat Wall Street estimates for quarterly revenue, helped by firm demand for its higher-priced clothing and accessories from affluent consumers in the United States and Europe despite decades-high inflation. The company’s revenue rose to $1.49 billion in the first quarter ended July 2 from $1.38 billion, a year earlier. […]

South Korea’s telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple Inc (AAPL.O), Alphabet’s Google and One Store over suspected violations of in-app payment law. Potential fines for infractions could be as high as 2% of the average annual revenue from related business practices, the law […]

TPG Inc (TPG.O) said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private equity portfolio. The Fort Worth, Texas-based firm said after-tax distributable earnings – which represents the cash used to pay dividends to shareholders – rose to $162 million in […]

Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central bank will raise the country’s benchmark interest later this week. Inflation rose to 8.15% in the year through July from 7.99% in June, national statistics agency INEGI […]