January 22, 2020

Air Canada to not fly the MAX until June 30

Air Canada said on Wednesday it has removed Boeing’s 737 MAX from its flight schedule until June 30, 2020, a day after the U.S. planemaker warned […]
January 22, 2020

Stocks shake off China virus worries, dollar stays strong

World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be […]
January 22, 2020

Wall Street pegs Boeing’s 737 MAX bill at more than $25 billion

Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned […]
January 22, 2020

PSA not sure if engines it delivered to Mitsubishi are part of German probe

French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018 are […]
January 22, 2020

With record profits on Wall Street, small bonuses will annoy bankers: experts

Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts […]
January 22, 2020

Baker Hughes profit misses estimates as LNG equipment demand wanes

Oilfield services provider Baker Hughes Co missed analysts’ estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors […]
January 22, 2020

Airbus hits record highs, 737 MAX buyers fall on latest Boeing news

Airbus’ shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while […]
January 22, 2020

Oil falls as surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output. Powered by […]
January 22, 2020

Trump threatens big tariffs on car imports from EU if no trade deal struck: CNBC

U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a […]
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