Asia’s second-hand jet mkt soars as super-rich eye bargains

SHANGHAI, Apr 21 (Reuters): Asia's super-wealthy are increasingly opting for second-hand private jets rather than buying new ones, as private buyers look for deep discounts and shorter waiting times, aircraft brokers said.Buyers from the region bought 61 pre-owned aircraft and 54 new jets in 2017, marking the first time second-hand...

Read more

China’s ZTE slams US ban

HONG KONG, Apr 21 (Reuters): China's ZTE Corp said on Friday that a US ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.The United States this week imposed a ban on sales...

Read more

ECB warns banks, auditors over use of new accounting rule

MILAN, Apr 21 (Reuters): The European Central Bank (ECB) has warned lenders it is checking their 2017 earnings to make sure they haven't taken improper advantage of a new accounting rule in order to minimise the hit from loan losses, an Italian daily reported.Il Sole 24 Ore newspaper cited a...

Read more