Asian stocks were mostly higher on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's two-day testimony later in the day.» Read More
The effects of the latest bird flu can already be seen in Chinese stocks, especially those in the travel or vacation business.
U.S. agencies cleared Boeing to restart test flights of its grounded 787 Dreamliner in order to get more data on potentially faulty batteries, but they also demanded a closer look at how the batteries were approved.
Asian shares ended higher on Thursday as much stronger-than-expected Chinese trade data magnified positive momentum from global markets overnight, strengthening signs of recovery in the world's second-largest economy.
BEIJING-- Air China delayed two of its Beijing- bound flights to perform security checks Tuesday after it received threats shortly before they were scheduled to take off. The threats came a day after a China Southern Airlines flight made an emergency landing in Gansu province's Lanzhou city after it received a false terror threat.
Patrick Xu,Transportation Analyst, Asia Equity Research at Barclays thinks China Southern's earnings is an example of intense competition that prevents Chinese carriers from raising ticket prices to cover jet fuel costs.
Despite speculation that Chinese aerospace manufacturer COMAC could one day rival heavyweights Airbus and Boeing, the firm says its focus stays on the domestic market.
European air safety officials extended checks for Airbus A380 wing cracks to the entire superjumbo fleet on Wednesday and said the widespread defects could pose a safety risk if left unremedied.
Stocks closed off the lows of the day, although still 1 percent lower, as buyers stepped into the market in afternoon trading even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained. .
Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
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China boosted its ambitions to challenge Airbus and Boeing for a slice of a global market worth $1.7 trillion with a 100-plane order for its first commercial jetliner at a lavish ceremony on Tuesday.
With the 2008 Summer Game's set to begin today in Beijing, here is a look at China By The Numbers:
China's National Aviation Fuel Holding , the country's near-monopoly jet fuel distributor, is set to charge domestic airlines about 15% more from July 1, an industry executive said on Monday.
Shares of China Eastern Airlines, Cathay Pacific Airways and Air China nose-dived on Tuesday after Air China and Cathay said they would not proceed with a plan to buy a slice of China Eastern. .