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Hong Kong airline Cathay Pacific sees annual loss, outlook upbeat

HongKongflagcarrierCathayPacificonWednesdaybookedthefirstback-to-backannuallossinitsseven-decadehistorybutsaiditwasintheblackforthesecondhalfandwasupbeataboutth

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Amazon is on track to be a $1 trillion company by 2022, Jefferies says

Theworld’slargestonlineretailercouldgrowalmostathirdbiggerinthenextfouryears.Amazon.com,Inc.isontracktoreach$1trillioninmarketcapitalizationby2022,accordingtoas

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US monthly deficit largest in 6 years

NewTreasuryDepartmentnumbersshowthattheUSgovernmentrackedupa$215billiondeficitinFebruary--thelargestmonthlydeficitinsixyears.Itwasalso$23billionhigherthanthedef

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Streaming giant Netflix predicts $15 billion in revenue this year

StreaminggiantNetflixisexpectingtogetevenbiggerthisyear.Netflix,whichhas117millionsubscribersworldwideandbroughtin$11billioninrevenuelastyear,expectstohit$15bil

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Trump ignores China’s efforts to pursue trade balance: economists

USPresidentDonaldTrump'sTwitterrequestthatChinareduceitstradesurplusisunrealisticandunreasonable,whichignoresChina'son-goingeffortstoexpandUSimportstoalleviatet

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Bezos tops Forbes world's rich list as Trump wealth drops

AmazonchiefJeffBezosisnowtheworld'srichestperson,havingsnatchedthetopspotfromMicrosoftfounderBillGateswhoslipstosecondplace,accordingtoForbesmagazine'sannualbil

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Amazon's Jeff Bezos tops Forbes world's rich list as Trump wealth drops

AmazonchiefJeffBezosisnowtheworld'srichestperson,havingsnatchedthetopspotfromMicrosoftfounderBillGateswhoslipstosecondplace,accordingtoForbesmagazine'sannualbil

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China to allow bond issuance to fund Belt & Road projects

ChinawillallowdomesticandoverseascompaniestoissuebondsviatheShanghaiandShenzhenstockexchangestofundprojectsundertheBeltandRoadInitiative,thecountry’ssecuritiesr

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Overseas Pakistanis invest over 8bln USD per year in local realty sector

ByAPDwriterMuhammadSohailISLAMABAD,March1(APD)--OverseasPakistanisannuallyinvestatleasteightbillionUSdollarsinthelocalrealtysector,givenitsattractiverateofretur

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China's monthly box office sales reach 10 bln yuan for first time

China'sboxofficesaleshitarecord-high10.14billionyuan(1.6billionU.S.dollars)inFebruary,accordingtostatisticsreleasedbytheStateAdministrationofPress,Publication,R

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Spotify files to go public, eying streaming growth despite losses

SpotifyonWednesdayannouncedalong-awaitedpubliclisting,voicingconfidencethatitsstreamingmodelwillkeepreshapingthemusicindustrybutacknowledgingthatthecompanyhasye

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Chinese electric vehicle startup NIO hires 8 banks for US$2 bln IPO

ChineseelectricvehiclestartupNIOhashiredeightbanksincludingMorganStanleyandGoldmanSachstoworkonaplannedUSstockmarketlistingthisyearworthupto2billionUSdollars,pe

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China's video streaming company iQiyi files for US IPO of up to $1.5 bln

ChinesevideostreamingserviceprovideriQiyi,aunitofBaidu,onTuesdayfiledforaninitialpublicofferingofupto1.5billionUSdollarswiththeUSSecuritiesandExchangeCommission

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China's AI sector sees big investment in 2017: report

China'sartificialintelligence(AI)industryreceivedabout180billionyuan(28billionUSdollars)ofinvestmentandfinancinglastyear,accordingtonewresearch.Intelligentdrivi

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EIB investigates Daimler loans after diesel questions

TheEuropeanInvestmentBankmayaskDaimlertopaybackloansextendedforresearchanddevelopmentinlightofareportlinkingtheMercedesmakertodieselemission-testcheating,Weltam

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Trump tax cut fuels record profit for Buffett's Berkshire

WarrenBuffett’sBerkshireHathawayInconSaturdayreportedarecordquarterlyandannualprofit,fueledbyabigcutintheUScorporateincometaxratechampionedbyPresidentDonaldTrum

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Box office surged in Chinese Lunar New Year

SixChinesemoviesrakedinabout6.38billionyuan(1billionU.S.dollars)intotaljustaweekaftertheirreleaseonFeb.16,thefirstdayofChineseLunarNewYear,accordingtoMaoyan,apo