
Cathay Pacific Poised to Make First Boeing Order in 12 Years
The Hong Kong-based carrier's latest aircraft purchase plan for additional 777X jets could be announced as soon as Wednesday, the people said, asking not to be identified because the discussions are private.

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Bloomberg
2 minutes ago
- Bloomberg
Asia Set for Muted Start Ahead of Week of Key Data: Markets Wrap
Asian markets were poised for a cautious open as traders await key US and Chinese data and a possible extension to Beijing's tariff deadline. US equity futures were little changed in early trading and the dollar was in a tight range against major peers. Contracts indicate Australian and mainland Chinese shares may open little changed, with a gain in Hong Kong. Oil edged lower. Japan's markets are closed for a holiday.


Bloomberg
36 minutes ago
- Bloomberg
BHP Leads Steelmaker Venture In Asian Carbon Capture Storage
The world's biggest miner, BHP Group, will lead a consortium of steelmakers and other industrial giants in investigating opportunities for carbon capture utilization and storage (CCUS) across Asia, it said in a statement Monday. ArcelorMittall Nippon Steel India Pvt Ltd., JSW Steel ltd., Hyundai Steel Co., along with gas major Chevron Corp., and Mitsui & Co. Ltd., are partners in the study, BHP said. Together, they will produce a pre-feasibility study to identify potential large-scale CCUS projects to store emissions from blast furnaces used to turn iron into steel. Steelmaking accounts for roughly 8% of global carbon dioxide emissions.
Yahoo
an hour ago
- Yahoo
Nvidia, AMD to pay 15% of China chip sale revenues to US, FT reports
(Reuters) -Nvidia and AMD have agreed to give the U.S. government 15% of their revenues from chip sales in China, under an arrangement to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. The revenue share applies to Nvidia's H20 chips and AMD's MI308 chips, the report said, citing a U.S. official, noting that the Trump administration had yet to determine how to use the money. The chipmakers agreed to the arrangement as a condition for obtaining export licences for the Chinese market that were granted last week, FT reported. Nvidia follows rules the U.S. government sets for its participation in worldwide markets, an Nvidia spokesperson told Reuters in an emailed statement. "While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide." AMD did not immediately respond to a request for comment. The Commerce Department started issuing licenses to Nvidia to export its H20 chips to China last week, removing a significant hurdle to the artificial intelligence bellwether's access to a key market. The U.S. last month reversed an April ban on the sale of the H20 chip to China. The company had tailored the microprocessor specially to the Chinese market to comply with the Biden-era AI chip export controls.