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Troubled Boeing faces investors and awaits strike vote
Troubled Boeing faces investors and awaits strike vote
Economy
by  AFP

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage. Later Wednesday, some 33,000 hourly workers in the Seattle region will vote on whether to end the company's latest contract offer and end their nearly six-week strike.

Tokyo Metro shares rocket on debut
Tokyo Metro shares rocket on debut
Economy
by  AFP

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

Cattle disease wreaks havoc in Libya
Cattle disease wreaks havoc in Libya
Economy
by  AFP

On Najmeddine Tantoun's farm on the outskirts of the western Libyan city of Misrata, the usual whir of hundreds of dairy milking machines has given way to near silence. Most of the North African country's revenue comes from its oil resources, but Misrata is a major dairy centre which used to produce 70,000 litres of milk a day.

Tokyo Metro: Asia's oldest subway goes public
Tokyo Metro: Asia's oldest subway goes public
Economy
by  AFP

Every day six and a half million people ride Tokyo Metro's nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs. The trains ran every three minutes on what is now part of Tokyo Metro's modern-day Ginza Line but were crowded with passengers who previously overran the city's trams.

Asian markets mixed as rate cut bets are trimmed; US vote in focus
Asian markets mixed as rate cut bets are trimmed; US vote in focus
Economy
by  AFP

Asian equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts. The Dow and S&P 500 both fell for a second straight day on Wall Street, having ended at fresh peaks Friday, though the Nasdaq ticked higher.