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Air FranceKLM says it Plans to Buy 50 Airbus A350 Jets

PARIS, Reuters Air FranceKLM said on Monday it plans to order 50 Airbus A350 longhaul jets, together with purchase rights for an additional 40, in its largestever widebody purchase as the FrancoDutch group revamps its longhaul fleet. The provisional deal includes both the A350900 and the larger A3501000 models, and the aircraft will be delivered between 2026 and […]
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South African Rand Slumps on Surging US Treasury Yields

JOHANNESBURG, Sept 26 Reuters The South African rand weakened on Tuesday on the back of a surge in U.S. Treasury yields as investors turned away from riskier assets, analysts said. At 1153 GMT, the rand traded at 19.0175 against the dollar , more than 1.3 weaker than its previous close. The dollar was little changed […]
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European Shares Slide, Firm Yields Weigh, China Woes Persist

Chinaexposed luxury stocks weigh Carmat hits alltime low on warning it could run out of cash ASOS sees profit at lower end of guidance as turnaround stutters STOXX 600 down 0.5, tech stocks fall 1.1 Sept 26 Reuters European shares extended losses on Tuesday as elevated bond yields pressured the ratesensitive technology sector, while weakness […]
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US Govt Shutdown Bad for Countrys Credit, Warns Moodys

NEW YORK, Reuters A U.S. government shutdown would harm the country39;s credit, rating agency Moody39;s said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis. U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide […]
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Chinas eCommerce Discount Race to Bottom Puts Incumbents under Pressure

SHANGHAI, Sept 26 Reuters Discount ecommerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles Day in China, analysts said. Platforms in China, the worlds largest ecommerce market, have recently described a valueformoney battle stoked by economic insecurity and a slowerthanexpected retail recovery following the lifting of […]
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