New Oriental: SEC Push May Lead to Losing Situation
Bloomberg's Rishaad Salamat speaks to Louis Hsieh, president and chief financial officer of New Oriental Education, about the SEC's move to sanction auditors for blocking investigations of China-based U.S. listed companies.
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The 'Uncertainty' and 'Turmoil' Facing Air France-KLM
31:24 - Air France-KLM Group said its markets are deteriorating as fares fall and France’s standing as a tourist hotspot is undermined by a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said Wednesday there is “special concern about France as a destination” amid the Islamic State-inspired killings. Fuel savings that lifted second-quarter operating profit 77 percent will also be “more than offset” over the year as a fare drop prompted by overcapacity clips revenue. Chief Financial Officer Pierre-Francois Riolacci discussed with Bloomberg.