SYDNEY (Reuters) – Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global yields plunging. Women, dressed in ceremonial kimonos, look at an electronic…
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Bayer CEO says his team retains backing of supervisory board: report
FRANKFURT (Reuters) – Bayer’s management retains the backing of its supervisory board, its chief executive said, after pressure on the company increased when a second jury in the United States ruled its glyphosate-based Roundup weed killer caused cancer. FILE PHOTO: Werner Baumann, CEO of Bayer AG poses for a picture during the…
China refuses to concede on U.S. demands to ease curbs on tech firms: FT
FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERS (Reuters) – Ahead of fresh high-level trade talks this week, China is not conceding to…
American Airlines extends Boeing 737 MAX flight cancellations through April 24
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo (Reuters) – American Airlines…
Ethiopian Airlines questions Boeing’s ‘aggressive’ software
ADDIS ABABA (Reuters) – An Ethiopian Airlines executive questioned whether Boeing had told pilots enough about “aggressive” software that pushes a plane’s nose down, a focus of investigation into a deadly crash in Ethiopia this month. FILE PHOTO: Candle flames burn during a commemoration ceremony for the victims at the scene of…
Oil prices fall as markets brace for potential U.S. recession
SINGAPORE (Reuters) – Oil prices dropped on Monday as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela. FILE PHOTO: FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File…
S&P 500 futures flat after report finds no Trump campaign collusion with Russia
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid (Reuters) – S&P 500 e-mini futures turned flat, after rising slightly, on Sunday after U.S. Attorney General William Barr said Special Counsel Robert Mueller had found no evidence of collusion between…
Uber could announce $3 billion deal with Careem early this week: sources
A cell phone with the Uber transport technology app, with the destination and its cost to the international airport, is seen inside a car with an Uber driver, in Santiago, Chile, March 15, 2019. REUTERS/Rodrigo Garrido (Reuters) – Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival…
Exclusive: Telecom equipment provider Avaya considers leveraged buyout – sources
(Reuters) – Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, people familiar with the matter said on Sunday. The sign at Avaya Inc. offices and lab in Westminster, Colorado is seen…
Boeing invites pilots, regulators to brief about plan to support 737 MAX’s return
An aerial photo shows rowers on Lake Washington near a line of Boeing 737 MAX aircraft at the Boeing factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson (Reuters) – Boeing Co said it invited more than 200 airline pilots, technical leaders and regulators for an informational session on Wednesday, as…
U.S. airlines sending teams to review Boeing 737 MAX upgrade this weekend
CHICAGO (Reuters) – The three U.S. airlines that own Boeing Co’s (BA.N) 737 MAX are meeting the U.S. manufacturer this weekend to review a software upgrade for the jet that has suffered two fatal crashes in five months, officials from the airlines told Reuters. FILE PHOTO: Southwest Airlines Co. Boeing 737 MAX…
Apple’s Cook to China: keep opening for sake of global economy
FILE PHOTO: Apple CEO Tim Cook attends the China Development Forum in Beijing, China, March 18, 2017. REUTERS/Thomas Peter BEIJING (Reuters) – Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in…
U.S. lawmaker urges FAA, Boeing employees to disclose details on 737 MAX approval
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – The chairman of U.S. House Transportation and Infrastructure Committee Peter DeFazio on Friday urged current or former Boeing Co and Federal Aviation Administration employees…