Asia

Dubai's main stock index fell on Friday, after the United States threatened a?naval?blockade against Iran. This sparked concerns about potential?trade disruptors in the?Middle East. The United States said on Thursday that it would continue to maintain its naval blockade against Iran and increase economic pressure in Tehran, as the ceasefire talks failed. Dubai's main index dropped 0.4% for the second consecutive session. This was dragged down by a 4.1% decline in budget airline Air Arabia, and a 0.5% drop in blue-chip developer Emaar Properties. Air Arabia reported its largest intraday drop in over three months after reporting a fall of...

Air Canada's revenue in?September?and October?will likely?break?records, as premium travelers are avoiding the summer heat and crowds of Europe and Japan. In recent years, large North American airlines have built their business around corporate clients, loyalty program members and premium travelers. They bet that these customers will not pull out when fares increase. The increased demand for corporate flights in the?autumn, combined with changing travel patterns of premium leisure passengers, are raising expectations among executives for seasons that were once considered slower as compared to peak travel months like July or August. Mark Galardo, Chief Commercial Officer at Air Canada, said...

Airbus' preliminary analysis of the Air India A320 that landed about 300 feet and injured 24 passengers in a single?month revealed that it briefly lost control over its?key flight controls, after experiencing losses in each?three?hydraulic systems. Air India Flight AI2379, from Phuket to Delhi on August 4, landed safely at Delhi despite losing altitude. Airbus responded to a request from Air India for an assessment by saying that the aircraft's elevators, ailerons and control of pitch and roll were unavailable for approximately four seconds, during which time the plane pitched up. During this time, the first officer applied full nose-down...

According to an internal memo, Air 'India will start mandatory substance testing for all pilots starting Thursday. The tests will go beyond the'regulatory requirements'. The tests are to screen for substances or medications that are prohibited by aviation regulations. They will be conducted in conjunction with training sessions at Gurugram Academy, at offices and briefing centres, and after flights at designated locations. The test will also be conducted on the pilots of Air India Express, a budget airline. Air India didn't immediately respond to an email seeking comment. Airline rules currently require that at least 10% their flight crew be...

Tata Sons chairman N. Chandrasekaran, who has been at the helm for?nearly 10 years, is about to retire. This will intensify focus on succession as well as a possible stock market listing. The change at 'Tata Sons', the holding company for 31 group companies, including Tata Consultancy Services and Tata Motors as well as Tata Steel, Tata Steel, and Air India has also raised questions about the power balance between the?board of directors and the charitable trusts who control the conglomerate. Tata Sons has remained unlisted until now. The pressure to list this year has increased from various stakeholders, including...

American Airlines has reorganized its senior management. It is expanding oversight of the commercial and operations teams, and adding a former Spirit Airlines executive as the head of technical operations. CEO Robert Isom is under pressure to reduce American Airlines' profit gap. Isom, in a memo to staff seen by. acknowledged that there was a "meaningful. gap" between American Airlines' current performance and what he believed the airline should achieve. He described the actions as the "first in a series" of steps aimed at?strengthening the team, improving alignement and accelerating execution. The gap between the company and Delta Air Lines...

A source with first-hand knowledge of the situation said that India's civil aviation minister summoned Air India CEO Campbell Wilson after a flight from Phuket to Delhi suddenly dropped 300 feet in altitude. Air India and the Minister's Office did not respond immediately to'requests for comment. The Indian authorities launched an investigation days before the government's move. Air India reported that the flight from the 'Thai tourist town experienced a'momentary elevation variation' while flying over Odisha in eastern India, resulting in injuries for 13 passengers and four crew members. The aircraft carrying 137 passengers and eight crew members safely landed...

Airbus, a European planemaker, announced on Monday that it would'send specialists to help aide in the investigation of a sudden loss of altitude by an 'Air India - Airbus aircraft during a flight last Thursday. Air India A320?VT-EXO operating flight AI2379, from Phuket to Delhi, lost a sudden 300 feet during cruise. The aircraft then stabilized and safely landed in Delhi. On the same day, the Indian government launched an investigation into the incident. They also said that they had obtained the flight data recorder and cockpit voice recorder of the aircraft for analysis. Eight passengers and four crew members...

Ukraine's?agriculture ministry told? On Monday, Ukraine's?agriculture minister? cited?Russian strikes? on the southern Odesa hub of the country. Taras Vysotskyi, the first official forecaster of exports since the Russian attack in late July that effectively stopped shipments out of Odesa port, which are crucial to Ukraine and global agriculture market. Before the increase, the ministry had forecasted exports at 43 million tonnes for this season. In recent weeks, Russia has attacked Ukrainian Black Sea port terminals, vessels that enter and leave the ports on a daily basis and their export terminals. The lower grain forecast highlights?the damage?attacks are inflicting? on a...

China is exporting its way out of an internal slump, causing what many Western governments refer to as a "second China shock." This strategy may be causing trade wars overseas, but it also creates a whole new group of potential domestic beneficiaries. In recent months, the dichotomy of China's robust export sector and its flagging economy was on full display. China's export?growth was 24% on a year-over-year basis in July, and it posted a $113 Billion trade surplus. This follows similar figures in June. It is now on track to achieve another trillion-dollar surplus by 2026. It recorded a disappointing...

The Australian 'Transport Safety Bureau' was informed that a Jetstar A320 and a 'Qatar Airways Boeing 777' narrowly avoided colliding on the tarmac of Sydney airport on Sunday. The regulator reported that the Jetstar flight crew was taxiing to take off for Gold Coast in Queensland when they saw an aircraft tug towing a Qatar Airways plane very close by on a cross-taxiway. The Transport Safety Bureau said that "both aircraft were abruptly stopped" in a press release. The regulator reported that a cabin crew member of the Jetstar aircraft was injured and that the connection between the nose gear...

Typhoon Dolphin hit Japan's southern Okinawa Prefecture Saturday, injuring six people and cutting power to over 50,000 buildings. China closed ports and stopped ferries as it prepared for the storm's arrival on its eastern coast. Authorities reported that five elderly people in Okinawa, including three who fell because of strong winds, sustained non-life-threatening wounds. Another person was injured by strong winds in Kagoshima Prefecture. Kagoshima was affected by nearly 39,000 buildings without power, while Okinawa was only impacted by just over 12,000. Domestic airlines ANA and Japan Airlines cancelled flights from and to Okinawa. The maximum sustained wind speed was...

Sinograin, a Chinese company, announced on Friday that it will auction 360,000 metric tonnes of imported soybeans on August 19. Industry experts believe that the state stockpiler is clearing out space for incoming U.S. soyabeans, as evidenced by its fourth sale since July. According to a?notice from the National Grain Trade Centre, a?sale is scheduled for 1:30 pm (0530 GMT) on Wednesday. It will include soybeans produced between 2022 and 2025. After a 'May summit between Donald Trump and Xi Jinping, China agreed to purchase 25 million tons of U.S. soya beans annually until 2028. Two traders in 'Asia' said...

On Tuesday, Latvia announced that a tunnel was discovered 'under the border of Belarus. It also announced plans to combat the networks which it claims are helping an increasing number of migrants cross the border 'illegally. Last month, Latvian soldiers fired a warning shot and used teargas to deter migrants from entering the country through Belarus. Belarus shares a 173 km (107 mile) border with Latvia. Interior Minister Janis Dombrava said at a press conference held jointly with Prime Minister Andris Kubergs that "the protection of Latvia's east border will be enhanced, through closer cooperation between Border Guard, State Police...

Alexander Gusev said that a drone attack killed a person and injured two others overnight in the Voronezh region of 'Russia. Gusev, a Telegram user, said that Russia's air defense units destroyed 15 drones in the area of Voronezh. "A drone crashed caused fires in two warehouses of a large company. The fire at one warehouse has been contained within an area of 16 square meters. At the other, a fire covering 20,000 square metres is currently being put out. "Emergency Services are on the scene," said?the governor. He didn't identify the company that was affected. On?Tuesday?, Russian online retailer...

According to a Monday letter published by the 'Russian Central Bank,' creditors are advised to assist businesses that have been affected by Ukrainian drone attacks on warehousing and logistics centres. Ukraine has?attacked at least 20 warehouses owned by Russian ecommerce retailer Wildberries since July 18. In a letter, the regulator stated that "small and medium-sized businesses who have suffered due to terrorist attacks on warehouses, manufacturing plants, retail, offices, and other premises can apply for restructured loans." Sberbank, VTB and Wildberries Bank, which is owned by the retailer, have all announced that they are ready to help?businesses. Sergei Melamed, senior...

Sinograin, China's state stockpiler, sold 67% of its 501,000 metric tons of soybeans at a second auction held in recent weeks on Wednesday. The company is trying to make space for U.S. cargoes. Sources said that soybeans from the 2022-2025 crop sold on average at a price of 4,013.5 Yuan ($594.84) a ton. Deliveries are scheduled between October and December. Sinograin's?previous Friday auction -- the largest since January -- sold about half?the 504,000 metric tons of imported soybeans?at a price of 4,033 Yuan per ton. Traders have said that they expect the stockpiler state to continue auctions in the next...

Shipping data revealed on Monday that two tankers?laden with Saudi oil? crossed the Bab el-Mandeb strait at the weekend. Traffic in the Strait of Hormuz slowed after reports of vessel attack. Kpler data shows that the number of cargo vessels passing through the Bab el-Mandeb strait dropped to 18 on Sunday from 27 on Friday and 28 on Saturday. On July 20, the Iran-aligned Houthis announced a?maritime embargo against Saudi Arabia, opening a new battlefront against the U.S. The data shows that the Suezmax tanker Lesvos, and the Very Large Crude Carrier Desh Vaibhav left the Red Sea without their...

Azerbaijan's government expects the freight volume along the "Middle Corridor", a trade route, to rise 17% this year to 5.5 million tons before rising to 7 million tons in 2027. The Trans-Caspian International Transport Route, also known by the name of the corridor, connects China to European countries via Kazakhstan and Azerbaijan. It also passes through Georgia, Turkey, and Georgia. Containers containing clothing, electronics, and other consumer products, as well grain, coal, ore and fertilisers are transported along this route. The corridor, with its annual capacity of over 15 million tons is still a tiny part of the rail traffic...

Sinograin, China's state-owned stockpiler, said it would auction 500,000 metric tons of?imported?soybeans this Friday. This will be the first sale of such a size since January. The market is expecting the state stockpiler free up space to receive U.S. soybeans. According to a notice issued by the National Grain Trade Centre, this sale is scheduled for 1:30 pm (0530 GMT) and will offer 504,000 tons of soybeans that were produced between 2022-2025. The 'auction' is probably to clear storage space in preparation for the purchase of 25 million metric tonnes of U.S. soya beans, said Johnny Xiang of AgRadar Consulting....

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. 74SOFTWARE, a software company, reported a first-half operating profit of EUR43.9 mln ($49.94 mln) on Thursday. The company also raised its revenue growth and margin forecast for the full year. AKWEL On Thursday, the automotive component supplier reported a -18.7% decline in revenue for the first half to EUR415 millions and confirmed its outlook through 2026. ARAMIS GROUP On Thursday, the used car retailer reported a third-quarter revenue totaling EUR 559.2 million. It also confirmed its 2026 goals. ARGAN/WDP: The...

Volodymyr Zelenskiy, Ukrainian president, said that the U.S. aerospace company Raytheon expressed interest in a joint production of Patriot interceptors. Kyiv is seeking to strengthen air defences as it tries to counter escalating Russian missile attacks. Zelenskiy said on X that he was grateful for the willingness of the company to take our partnership to a?higher level. This would allow Ukraine to co-produce with RTX some of the most important air defense assets –?Patriot interceptors. Ukraine has?asked for help? from its Western partners to build up interceptors that can down Russian ballistic rockets. It also sought agreement on securing an...

These are the most popular stories from the Wall Street Journal. The?has not checked these stories or?cannot?guarantee their accuracy. Databricks, a provider of data analytics, has raised a round of strategic funding valued at $188 billion. The U.S. Food and Drug Administration announced that Taco Bell owned by Yum Brands would stop using shredded iceberg sourced from a supplier that has been linked with a parasitic outbreak causing a severe form of diarrhea and vomiting. Honda Motors will stop?the production?of its Prologue SUV, which is sold?in America?this?year. Honda Motors will not cancel sales immediately, but expects to continue them until...

Two sources with knowledge of the matter said that Trafigura, a trading house, delivered over 80,000 metric tonnes of lead this week to London Metal Exchange's warehouses, bringing stocks to their highest level in 14 years. Lead stocks LME data shows that the number of tons in approved LME warehouses increased to 370,075 on Monday after the delivery of battery metal. This is the highest level since April 2012. LME inventories of lead have increased by 40% since the middle May. The LME benchmark three-month lead dropped as much as 0.9%, to $1,851 per ton, after Tuesday's stock data, which...