Business News Sydney

  • In preparation for its first 19- hour non-stop commercial flight planned for 2022-3, Qantas Airways is carrying out three dummy runs from London and New York to Sydney to test the effects of ultra-long haul flying on passengers, staff and pilots alike. It began with a London sunrise and an early-morning dinner, followed by lights-out as we immediately adopted...

  • *London- Sydney test flight landed after 19 hrs, 19 mins. SYDNEY, Nov 15- Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline's chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday. The plane on the London- Sydney research flight, a Boeing 787...

  • *London- Sydney test flight landed after 19 hrs, 19 mins. SYDNEY, Nov 15- Qantas Airways Ltd may not place an order for planes capable of non-stop London- Sydney flights until early next year, the airline's chief executive said on Friday after a 19 hour, 19 minute test flight landed in Australia's biggest city. The plane on the London- Sydney research flight, a Boeing 787...

  • SYDNEY, Nov 15- Qantas Airways Ltd completed a 19 hour 19 minute non-stop test flight from London to Sydney on Friday as it nears a decision on whether to order planes for what would be the world's longest-ever commercial route. "We saw a double sunrise," Qantas Chief Executive Alan Joyce said after stepping off the flight, which followed a similar one from New York to...

  • SYDNEY, Nov 15- Rates of arrears on home loans are at a decade high in Australia, although the overall rate is still too low to threaten financial stability or bank profit margins, a top central banker said on Friday. In a speech in Sydney, Guy Debelle, the deputy governor of the Reserve Bank of Australia, said tighter lending standards had helped keep the national...

  • *Kudlow says U.S., China getting close to trade deal. SHANGHAI, Nov 15- Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end. White House economic adviser Larry Kudlow said on Thursday that Washington was getting...

  • The latest evidence that the U.S.- China trade war has hurt the global economy was illustrated by sub-par growth figures on Thursday from China and Japan, followed by lacklustre updates in Britain and Europe. White House economic advisor Larry Kudlow told an event at the Council on Foreign Relations in Washington late on Thursday that a deal was "getting close",...

  • *Asian stocks drop, Hong Kong falls most. TOKYO/ SINGAPORE, Nov 14- Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world's second-largest economy. Japan's Nikkei stock index dropped 0.6%, while Shanghai blue chips turned from positive to flat and Australia's S&P/ASX200...

  • *Markets await China industrial production data. *Hopes for resolution to U.S.- China trade war fade. TOKYO, Nov 14- Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16- month trade war between Beijing and Washington has hit growth in the world's second-largest economy.

  • Nov 13- Hong Kong's Cathay Pacific Airways Ltd on Wednesday said the short-term outlook remained "challenging and uncertain" due to anti-government protests in its home market as it lowered its profit guidance for the second time in less than a month. Hong Kong anti-government protesters on Wednesday paralysed parts of the Asian financial hub for a third...

  • *Trump offers no new details on U.S.- China trade pact. TOKYO, Nov 13- Asian stocks and Wall Street futures fell on Wednesday, as confusing signals over the extent of progress made in U.S.- China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets. Trump also rattled some investors by threatening China with even more tariffs...

  • *Concerns over delay in U.S.- China trade deal cap gains. SINGAPORE, Nov 13- Chicago soybean futures edged up on Wednesday as a slow pace of U.S. harvest supported prices, although worries that U.S.- China trade talks are stalling kept a lid on the market. The most-active soybean contract on the Chicago Board Of.

  • *Trump offers no new details on U.S.- China trade pact. TOKYO, Nov 13- Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.- China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets. Trump also rattled some investors by threatening China with even more tariffs if they do not sign a...

  • *Trump offers no new details on U.S.- China trade pact. TOKYO, Nov 13- Asian stocks and Wall Street futures fell on Wednesday on growing worries U.S.- China trade talks are stalling after President Donald Trump failed to deliver any new information about when the two countries would sign a trade deal. Trump also rattled some investors by threatening China with...

  • Those flights, sometimes called ultra-long haul, have grabbed headlines in recent weeks as Qantas Airlines Ltd tested a 19- hour flight between New York and Sydney using a Boeing 787-9 and prepares to test an even longer flight between Sydney and London with the same plane. "Globally, if long haul is growing 5% per year, ultra long haul is growing twice that per year,"...

  • A woman walks past charred trees at the Woodford residential area after a bushfire in Blue Mountains on November 12, 2019.

    Australian officials warned soaring heat and high winds are already exceeding forecast "catastrophic" conditions on Tuesday as millions of people across the country's east coast braced for the worst bushfires in at least a decade.

  • *Yen, yuan ease on Hong Kong violence, weak China data. *Investor focus on U.S.- China trade deal. SINGAPORE/ TOKYO, Nov 11- The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth.

  • *Focus on U.S.- China trade talks. SYDNEY, Nov 11- Asian shares sank on Monday, the safe haven yen rose and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong's Hang Seng index led the losses in Asia, down more than 2%, after police fired live rounds...

  • *Focus on U.S.- China trade talks. SYDNEY, Nov 11- Asian shares reversed gains on Monday, the yen ticked higher and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong's Hang Seng index led the losses in Asia, down more than 1%, after police fired...

  • *Focus on U.S.- China trade talks. President Donald Trump said over the weekend that trade talks with China were moving along "very nicely", though uncertainty remained over whether a deal would be signed this year. Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added that Beijing wanted a deal more than he...