Business News
British Steel to be placed into administration: report
British Steel, the country’s second largest steel producer, will be placed into administration as early as Wednesday, Sky News reported, jeopardizing some 25,000 jobs.
Month: May 2019
Business News
British Steel to be put into administration as early as Wednesday: Sky
British Steel will be placed into administration as early as Wednesday, Sky News’s Mark Kleinman said.
Business News
China’s big three airlines seek Boeing compensation over 737 MAX grounding
China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
Business News
Commerzbank may tweak strategy after Deutsche Bank talks collapse
Commerzbank may tweak its strategy following the collapse of merger talks with its larger rival Deutsche Bank, the lender’s chief said on Wednesday.
Business News
British Steel situation is ‘very difficult’: environment minister
The situation at British Steel, which is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, is “very difficult”, Britain’s environment minister said on Wednesday.
Business News
Chinese airlines seek Boeing compensation over 737 MAX grounding
China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
Business News
After Huawei, U.S. could blacklist Chinese surveillance tech firm: media
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed.
Business News
China says opposes U.S. trying to smear Chinese firms
China’s Foreign Ministry said on Wednesday that China opposes the United States smearing Chinese companies, after media reports that the U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision.
Business News
Daimler says all costs under scrutiny after moderate start to 2019
German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast.
Business News
Chinese airlines seek Boeing compensation over 737 MAX grounding: state TV
China’s three biggest airlines have requested compensation from U.S. planemaker Boeing Co for losses incurred by the grounding and delayed deliveries of 737 MAX jets, as regulators gather to discuss design changes for the troubled aircraft.
Business News
Asia stocks grapple with trade anxiety even as Huawei gets reprieve
Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies.
Business News
In Fed policy review, labor may finally win out over inflation
At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough.
Business News
Fed may cut rates if inflation keeps disappointing: Bullard
Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.
Business News
Oil falls on rising U.S. stockpiles, but markets remain tense
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.
Business News
Exclusive: Walmart to make first direct pitch to big corporate ad buyers at New York event
Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world’s largest retailer aims to rev up its website and stores as a platform for other companies to reach customers.