BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group that is looking at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand.
Linde is raising $3.3 billion from selling North and South American assets to a consortium of German gases firm Messer and buyout group CVC as it seeks clearance for a planned $87 billion merger with U.S. group Praxair .
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on Monday, and said it would seek international partners to help develop the project.
Britain is talking to a number of potential partners for its new fighter jet project, Tempest, which it launched on Monday, a senior official in the UK’s Royal Air Force told Reuters.
United Airlines said on Monday it would buy four new Boeing Co 787-9 widebody aircraft, a deal valued at about $1.1 billion at current list prices.
European planemaker Airbus said on Monday it had signed a memorandum of understanding to sell 80 of its A320neo passenger jets to an unidentified global aircraft leasing company.
Boeing Co and Romanian state-owned airline Tarom said on Monday they had reached a deal over the purchase of five 737 MAX 8 aircraft and a leasing agreement for two 737-800 aircraft.
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana. “Member countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018,” Bijan Zanganeh wrote in a letter sent to Saudi Energy Minister Khalid al-Falih, according to Shana. …read more […]
BlackRock Inc , the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate.
Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory approval.
Deutsche Bank expects second-quarter net profits will be more than double analysts’ forecasts in a rare piece of good news for Germany’s largest bank which is cutting costs to try to revive profitability.
Top Boeing Co and Embraer SA executives on Monday defended their potential commercial aircraft partnership, saying they were confident it would win regulatory approval.
Bank of America Corp reported quarterly profit above Wall Street expectations as the second-largest U.S. lender kept a tight leash on expenses and benefited from growth in loans and deposits.
Germany’s Linde said on Monday it would fetch $3.3 billion from selling assets to a consortium of German gases firm Messer and buyout group CVC in a deal to secure antitrust clearance for its planned $87 billion merger with U.S. group Praxair .
European stock markets struggled on Monday as expectations for a flurry of bumper corporate earnings and merger speculation fought with fears about the escalating trade conflict between Beijing and Washington.
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