Friday 29 July 2016
 
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Asia

70pc of remittances from Qatar went to S Asia states

South Asian countries are the largest beneficiaries of remittances originating from Qatar, according to Xpress Money, a leading money transfer brand. India, the largest recipient of remittances in the world received $3.99 billion

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AirAsia places $2.7bn engine order

AirAsia today announced that it has ordered 200 additional CFM LEAP-1A engines to power 100 new Airbus A321neo. The order, which expands its LEAP engine fleet to nearly 730 engines, is valued at $2.7 billion at list price. The agr

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Oil falls further under $50 on Asia demand concern

Oil fell on Monday over signs that US shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.   Brent crude was trading

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Citigroup merges EMEA, Asia consumer banking businesses

Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday. Th

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Oil edges up on US inventories, weak dollar

Oil prices rose in early trading on Thursday, supported by a report of another fall in US crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to weigh on markets.

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Saudi sells more light crude to Asia, piles pressure on rivals

Saudi Arabia will supply more Arab Extra Light crude to at least two buyers in Asia in July, four sources familiar with the matter said on Thursday, as the top oil exporter ramps up shipments in a bid to claim a bigger share of the Asian marke

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AirAsia welcomes new North Asia president

Malaysian budget airline AirAsia has appointed Kathleen Tan as president of North Asia. She will be responsible for building the airline's market in China, Hong Kong, Macau, Japan, Korea and Taiwan. Tan returns

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Dnata acquires stake in Asian travel firm

Dnata has reached an agreement to purchase a stake in the Destination Asia Group, marking the Dubai-based group's first foray into Asia’s inbound travel market. Destination Asia is an integrated destination management co

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Kuwait raises July oil price for Asia, cuts in Europe

Kuwait set its July official selling price (OSP) for crude sales to Asia at $1.50 a barrel below the average of Oman/Dubai crude, up 30 cents a barrel from June, trading sources said on Thursday. This is the highest selling price

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Factories stuck in low gear on sluggish demand

Global manufacturing activity remained stuck in a rut last month with factory output from Asia to Europe barely improving as producers struggled to bring in new orders, surveys released on Wednesday showed. Speculation has hardene

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