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Chinese company China Aviation Supplies Holding issued an order for the purchase of 300 aircraft from the European aircraft manufacturer Airbus for a total amount of $35 billion. The order included 290 narrow-bodied A320 aircraft and 10 A320 airliners. The signing of the contract took place in the presence of French President Emmanuel Macron during the visit of Chinese President Xi Jinping to the country. Airbus has calculated that China’s demand for new aircraft for the next 20 years is about 7,400. The share of this number of aircraft in global demand is approximately 19%. The capitalization of Airbus has now reached 89 billion euros, an increase of 36% since the beginning of the year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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