Dubai International Airport expects double-digit passenger growth to resume as early as 2019, helped by an alliance between the emirate's two airlines, its chief executive said on Monday after reporting the lowest growth in at least nine years. Passengers using the airport, the hub for Middle East airline giant Emirates and a major source of income for Dubai, rose 5.5 percent to 88.2 million in 2017.
An appeals court set Samsung heir Jay Y. Lee free on Monday after a year behind bars, suspending his 5 year term, after being convicted of bribing South Korea's former president.
China's Leshi Internet said about 5.62 billion yuan ($890 million) of its debts would be due by the end of this year, or almost two-thirds of the company's total loans and liabilities, sending its shares down for a ninth day. This is the first time the video-streaming firm - which is battling the fallout from a severe cash crunch at its founder Jia Yueting's embattled technology conglomerate LeEco - has provided an estimate for its debt in 2018. Earlier, the company had said that a part of its total loans and financial liabilities of 9.29 billion yuan ($1.5 billion)would be due this year, without giving any further details.
Samsung heir Lee Jae-yong was freed Monday after a South Korean appeals court gave him a 2 ½-year suspended jail sentence for corruption in connection with a scandal that topped the country's president. ...
Asian share markets were set for a rough ride on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation central banks globally might be forced to tighten more aggressively.
Feb.04 -- Three Republican lawmakers are giving their backing to the inquiry into Russia's alleged interference in the 2016 election. President Trump says the disputed GOP memo totally vindicates him of collusion with Moscow, or of obstructing justice in the Mueller investigation. Bloomberg's Jodi Schneider reports on "Bloomberg Markets: Asia."
