March 29, 2019

H&M beats profit forecasts after it curbs discounts

Swedish fashion retailer H&M reported a much smaller than expected fall in first-quarter pretax profit on Friday as it sold more products at full price and […]
March 29, 2019

Tour operator Tui warns on profit after 737 MAX grounding

Tour operator Tui AG on Friday warned it would take a 200 million euro ($225 million) profit hit in 2019 due to the grounding of Boeing’s […]
March 29, 2019

Huawei urges U.S. to drop ‘loser’s attitude’ as carrier business revenue slips

China’s Huawei Technologies called on Washington to drop the “loser’s attitude” and once again rubbished U.S. allegations its gear could be used by Beijing for spying, […]
March 29, 2019

Sriwijaya Air cancels plan to lease two Boeing 737 MAX jets

Indonesia’s Sriwijaya Air, which is operated by flag carrier Garuda Indonesia, has cancelled plan to lease two Boeing Co 737 MAX jets, a spokesman said on […]
March 29, 2019

Mnuchin says U.S.-China trade talks were ‘constructive’

U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded “constructive” trade talks in Beijing. […]
March 29, 2019

Asian stocks gain, progress in U.S.-China talks eyed

Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global […]
March 29, 2019

Investigators believe anti-stall system activated in Ethiopian crash: WSJ

Investigators into a Boeing 737 MAX crash in Ethiopia that killed 157 people have reached a preliminary conclusion that an anti-stall system was activated before the […]
March 29, 2019

Regulators knew before crashes that 737 MAX trim control was confusing in some conditions: document

U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX’s nose angle […]
March 29, 2019

GM to sell closed South Korean plant to local parts maker for $99 million

South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s […]
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