Business

Malaysia's AirAsia X Bhd plans to drop a local airport operator from its $15.3 billion debt restructuring plan to expedite discussions with creditors as its cash is running out fast, people with direct knowledge of the matter said.

Smith+Nephew said on Thursday revenue recovered strongly in the third quarter from the second, as hospitals managed to carry out more elective surgeries after the initial wave of coronavirus infections.

Telecoms operator Orange posted on Thursday a 0.4% decline in its thirdquarter core operating profit, beating market expectations thanks to continued proceeds from French peers that are cofinancing its broadband fibre network.

Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier, the seventh straight month of declines, as the coronavirus pandemic continued to hurt demand even as factories and dealerships reopen.

The Bank of Japan is set to maintain its massive stimulus programme on Thursday and vow to take further action if the economic fallout from the coronavirus shock threatens a return to deflation.

Oil prices fell more than 5%, sending Brent to a fourmonth low on Wednesday as surging coronavirus infections in the United States and Europe lead to renewed lockdowns and expectations that unsteady economic demand will worsen.

Business and economic events scheduled for Thursday.

Equity and currency volatility shot higher on Wednesday and the cost of sourcing dollars rose, reflecting fears that the U.S. election and resurgent COVID19 pandemic could tip markets back into the sort of chaos endured earlier this year.

Wall Street main indexes slumped on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery.

Microsoft says Iranian hackers have posed as conference organizers in Germany and Saudi Arabia in an attempt to break into the email accounts of highprofile people with spoofed invitations.

Volkswagen is recalling more than 218,000 Jetta sedans in the U.S. to fix a fuel leak problem that can cause fires.

Regulator Trai has recommended a price of Rs 492 crore per Mhz for spectrum in the 3,300-3,600 Mhz band which is considered suitable for 5G services at present.

A consortium led by Italian state lender CDP pledged on Wednesday to come up with a final offer to buy Atlantia's 88% stake in a motorway business in 10 weeks, while repeating an initial valuation that Atlantia has signalled is insufficient.

Many parents take out student loans to help pay for their childs education. But not all of them share that information with their son or daughter. That silence is an easy misstep for parents who decide to borrow student loans in their own names. Other pro...

Aston Martin said on Wednesday all the shares available in its 125millionpound ($162.91 million) capital raise have been placed or subscribed, as the lossmaking carmaker aims to turnaround its business.

Deutsche Bank AG on Wednesday reported a surprise swing into net profit in the third quarter, as it navigates ongoing restructuring and the impact of the COVID19 pandemic.