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May 15, 2017
05/17
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that is ben megara, the chief executive of lonmin.nd grapple with some of the issues they are facing, falling price in platinum and the currency in south africa all the place. there is lots more on our africa all the place. there is lots more on oui’ business africa all the place. there is lots more on our business live page. we have more on the security attack and other stories as well. do dig deep when you have time. you're watching business live. our top story, microsoft says a huge global cyber—attack, which has hit more than 150 countries since friday, is a wake—up call. a huge number of companies were targeted in the initial attack including spain's telefonica, fed ex in the us, and germany's railway firm, deutsche bahn. there is amusing pictures of chalk boards on the german railways. just chalk boards telling you when the trains are coming and going. the chinese government is investing billions of dollars as part of a plan to restore the ancient trade routes connecting asia and europe. president xijinping has pledged $124 bill
that is ben megara, the chief executive of lonmin.nd grapple with some of the issues they are facing, falling price in platinum and the currency in south africa all the place. there is lots more on our africa all the place. there is lots more on oui’ business africa all the place. there is lots more on our business live page. we have more on the security attack and other stories as well. do dig deep when you have time. you're watching business live. our top story, microsoft says a huge global...
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May 15, 2017
05/17
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london—listed platinum producer lonmin has reported a first—half operating loss of 140.4 million poundsliquidity. as a result, the south africa—focused miner is to move its head office from johannesburg to its operations in marikana by the end of the year, and it has also cut its spending plan for the year to a range of 1.4 billion to 1.5 billion rand from 1.8 billion rand. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country, which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years, civil aviation administration of china figures suggest that in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese carmaker toyota is backing a group of engineers who are developing a flying car —— to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding
london—listed platinum producer lonmin has reported a first—half operating loss of 140.4 million poundsliquidity. as a result, the south africa—focused miner is to move its head office from johannesburg to its operations in marikana by the end of the year, and it has also cut its spending plan for the year to a range of 1.4 billion to 1.5 billion rand from 1.8 billion rand. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it...
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May 15, 2017
05/17
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lonmin, best known for its platinum production business, has reported an operating loss of £140 millionction moving its hq from johannesburg to its operations in marikana and cutting its investment plans by about 22%. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years. in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese car—maker toyota is backing a group of engineers who are developing a flying car to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels and four rotors. flying cars are something of a flavour—of—the—month at present, with firms from the us, germany, ne
lonmin, best known for its platinum production business, has reported an operating loss of £140 millionction moving its hq from johannesburg to its operations in marikana and cutting its investment plans by about 22%. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically...
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May 15, 2017
05/17
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BLOOMBERG
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the game today might be down to the general upward momentum you're having a metals today because lonminnual forecast after week mining performance at its biggest -- in the first four months of the fiscal year. it has the highest cost of the world's three biggest platinum producers could with the itsinum price halving, focus has been on stemming losses to survive. we spoke to the ceo earlier today. he is more -- here is more on that from him. >> we are doing all we can in the areas we can control to make sure that this business remains cash neutral, including capex, in this of price environment. nejra: on to one of the worst performers on the stoxx offender hundred this morning. the company said karen trading for 2017 in line with expectations. we have even a -- ebit. the stock has dropped the most in months. the ceo is talking with journalists. we will bring you our interview with the ceo as well. matt. right, thanks very much. let us get the bloomberg first word news. for that, we cross over to hong kong and juliette saly. juliette. juliette: thank you. china's economy back in april as
the game today might be down to the general upward momentum you're having a metals today because lonminnual forecast after week mining performance at its biggest -- in the first four months of the fiscal year. it has the highest cost of the world's three biggest platinum producers could with the itsinum price halving, focus has been on stemming losses to survive. we spoke to the ceo earlier today. he is more -- here is more on that from him. >> we are doing all we can in the areas we can...