China’s aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, following a deadly crash of one of the planes in Ethiopia.
Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.
Boeing Co said late Sunday it will postpone the planned ceremonial debut of its 777X widebody aircraft after Sunday’s crash of an Ethiopian Airlines plane that left 157 dead.
Ethiopian Airlines has grounded its Boeing Co 737 MAX 8 fleet until further notice, the airline said on its Twitter account on Monday, a day after a crash killed all 157 people on board one of its planes of the same type.
Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant’s fourth significant investment in a Chinese courier company.
Shares of Jet Airways Ltd rose as much as 4.8 percent to 255 rupees, the highest in over a month, after a report said the debt-laden carrier has secured a loan of 20.50 billion rupees ($293.07 million) from Punjab National Bank.
Tattooed models in mustard robes replaced the usual gray-suited bankers at Nordea Bank’s Copenhagen headquarters recently, as the Danish bank strutted out its latest attempt to woo young talent.
Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.
UBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged misconduct related to a 2009 initial public offering (IPO) in Hong Kong, a counsel for the market regulator said at a tribunal hearing on Monday.
China’s aviation regulator said on Monday it had ordered Chinese airlines to suspend their Boeing Co 737 MAX aircraft operations by 6 p.m. (5.00 a.m. ET) following a deadly crash of a 737 MAX 8 operated by Ethiopian Airlines.
Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the automaker’s board meeting this week, a person with direct knowledge of the matter said on Monday.
China’s civil aviation regulator said on Monday that it has asked domestic airlines to suspend the commercial operations of all Boeing 737-8 planes by 6:00 p.m. local time (5.00 a.m. ET), a day after a deadly crash of a 737 MAX 8 by Ethiopian Airlines.
Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling U.S. drilling activity.
China’s aviation regulator has ordered domestic airlines to suspend their Boeing 737 Max aircraft, Chinese media outlet Caijing reported on Monday, following a deadly crash on Sunday of a 737 MAX 8 operated by Ethiopian Airlines.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
