Asia / Oceania – Page 5 – PressClub World

7. 5. 2019 No Responses

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate in the bankruptcy proceedings. IBC rules...

13. 4. 2019 No Responses

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...

31. 3. 2019 No Responses

FAA Knew Of 737 MAX Trim Problems

A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like th...

27. 3. 2019 No Responses

Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg...

26. 3. 2019 No Responses

Airbus Received an Order from China Aviation Supplies for 300 Airliners

China Aviation Supplies ordered at Airbus 290 A320 * and 10 A350 XWB aircrafts. According to catalog prices, the order value is more than $35 billion. The order is larger than originally expected. Typically, for Chinese orders, a large quantity...

21. 3. 2019 No Responses

Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform

Seagate announces partnership with HP Enterprise (HPE) and Nvidia to Develop Project Athena’s Artificial Intelligence (AI) production platform to reduce Hard Drive (HDD) costs by 20% and Production Processes by 10%. Jeffrey Nygaard, executive vice presid...

19. 3. 2019 No Responses

FAA and Boeing 737 MAX Certification Story

The Seattle Times: Managers of the Federal Aviation Administration (FAA) have put pressure on their engineers to delegate broad responsibility for Boeing 737 MAX safety assessment to Boeing itself. Security engineers who are familiar with the documents have po...

14. 3. 2019 No Responses

Large-size panel global output to grow 12% in 2019

The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated...

12. 3. 2019 No Responses

Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying

In connection with the second tragic accident of the all-new Boeing 737MAX just after the start, more and more airlines and countries are issuing regulations to ground this new Boeing model. Boeing has announced that it will “release a software...

11. 3. 2019 No Responses

Boeing in pre-market 10% down, hundreds 737s grounded and 777X ceremony canceled

Boeing shares Fall 10% at pre-market as hundreds of 737s grounded, following 2nd deadly crash of new model B-737MAX. Boeing also cancels 777X launch event after Ethiopian Airlines’ MAX 8 crash. Boeing ADRs traded on Germany’s Tradegate exchange slumpe...

14. 2. 2019 No Responses

Emirates ordered 40 A330-900, 30 A350-900, Airbus to finish A380 production

Emirates has today agreed to order 40 twin-engined Airbus A330-900 and 30 twin-engined new-generation Airbus A350-900 aircrafts. The total value of the order according to catalog prices is $21.4 billion. Airlines, however, usually receive large discounts from ...

12. 2. 2019 No Responses

Nissan earnings up, outlook dim

Japanese carmaker Nissan Motor raised quarterly operating profit by a quarter to 103.3 billion yen (about $ 890 million). Profit, however, did not meet the expectations of analysts and the carmaker reduced the year-round view. Nissan also announced that it...

TSMC at full steam ahead to 7nm volume production in March