Business


'Made in China' C919 passenger jet takes maiden flight

Orders have already been placed for more than 500 of the planes, with commitments from 23 customers, say officials, mainly Chinese airlines. The state company formed a 50:50 partnership a year ago with Russian counterpart United Aircraft Corp to develop a longer-haul passenger plane, with the companies earmarking a maiden flight in 2022, with deliveries beginning as early as 2025.


Oil Edges Higher As OPEC Reaches Consensus On Cut Extension

Oil Edges Higher As OPEC Reaches Consensus On Cut Extension

U.S. West Texas Intermediate (WTI) crude oil futures were trading at $47.46 per barrel, up 13 cents, or 0.3 percent from the last settlement. In late November, the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day, the first such reduction agreement since 2008.



Ford to cut 1400 salaried jobs in North America, Asia

Trump's itchy Twitter finger has so far been silent on Ford's plan to cut 1,400 jobs by the end of September. Ford is aiming to cut $3 billion in costs in 2017, a person close to the matter told AFP. The company has about 30,000 salaried workers in the U.S. In a statement, Ford neither confirmed nor denied the report. Ford has been hiring steadily since the recession as USA vehicle sales reached record highs.



Senate Intel Committee Wants Comey Memos And Testimony

Elijah Cummings, top Democrat on a key House oversight panel, countered that Ryan and the Republicans had shown "zero, zero, zero appetite for any investigation of President Trump". Robert Aderholt, R-Alabama, said, "At this point, I have not seen anything that is that alarming". "The shoes continue to drop, and every couple days there's a new aspect".


Dairy product prices advance for fifth straight auction

Dairy product prices advance for fifth straight auction

Westpac also revised its forecast to $6.50/kg MS. In the bank's view, prices are likely to be capped around current levels given stabilisation in global supply while there were some doubts surrounding growth in Chinese demand even though low inventory levels suggest that there will be an increase in short-term shipments.