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Search results for “hedge”
Cathay Pacific records first annual loss since 2008 on Chinese rivals' price cuts
03/15/2017
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6:44:05 PM
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Hong Kong airline Cathay Pacific Airways reported its first loss in eight years after competition from Chinese airlines and losses from fuel hedging dented earnings.
Cathay Pacific is embarking on a new business strategy
01/17/2017
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2:44:58 PM
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Cathay Pacific Airways Ltd., Asia’s biggest international airline, plans to shorten its fuel-hedging program and revamp its workforce as part of a new business strategy to halt a slide in earnings. The shares jumped the most in nine months.
Bike-sharing startup ofo raising $150 million
02/10/2017
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3:12:51 PM
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Chinese bike-sharing startup Ofo is raising up to USD 150 million in fresh funds, aiming to achieve a valuation of USD 1 billion, the Wall Street Journal reports.
Trump adviser sells SkyBridge stake to China’s HNA
01/18/2017
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1:01:29 PM
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Donald Trump's White House adviser Anthony Scaramucci agreed to sell a majority stake of SkyBridge Capital to HNA Group and RON Transatlantic.
Casino-like hedges seen hurting airlines as crude plunges
12/05/2014
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4:29:06 PM
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Some Asian carriers, like Singapore Airlines Ltd. (SIA), have hedged fuel at an average of $116 a barrel of jet fuel, when spot market rates are about $85. That can result in losses on paper as airlines will have to account for their hedges or pay charges to unwind contracts prematurely.
Tencent takes part in bike-sharing Mobike’s C+ round
10/14/2016
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8:29:08 PM
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Bicycle rental startup Mobike announced on October 13 that it has completed another round of financing which had Chinese social network giant Tencent as one of the investors.
China Southern reports 10.6% decline in net income in H1 2016
08/30/2016
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10:32:27 AM
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Net income at China Southern fell 10% in the first six months while Hainan Airline reported a 4.4% gain and net income of Spring Airlines climbed to RMB 740 million.
Passenger revenue of Cathay Pacific Airways decreases 7.8% in H1 2016
08/31/2016
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2:48:23 PM
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The Cathay Pacific Group reported an attributable profit of HK$353 million for the first six months of 2016 and its load factor decreased by 1.4% to 84.5%.
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