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Home2019April

Month: April 2019

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Business News

CMC Markets shares slump on profit warning as finance chief plans exit

April 3, 2019 admin Comments Off on CMC Markets shares slump on profit warning as finance chief plans exit

Shares in CMC Markets Plc slid more than 10 percent on Wednesday after the online trading firm forecast a drop in income in the year to March as new rules curbed client activity, and a senior executive decided to depart.

…read more […]

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Business News

Daimler, BMW to limit cooperation to affordable electric car in China: paper

April 3, 2019 admin Comments Off on Daimler, BMW to limit cooperation to affordable electric car in China: paper

Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday.

…read more […]

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UAE to validate any Boeing MAX fix before lifting airspace ban: official

April 3, 2019 admin Comments Off on UAE to validate any Boeing MAX fix before lifting airspace ban: official

The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday.

…read more […]

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Norwegian’s CEO held ‘good meetings’ with Boeing regarding MAX

April 3, 2019 admin Comments Off on Norwegian’s CEO held ‘good meetings’ with Boeing regarding MAX

Norwegian Air, a major client of Boeing, has had positive meetings with the U.S. planemaker regarding the grounding of its MAX planes after an Ethiopian Airlines crash last month, the airline’s chief executive said on Wednesday.

…read more […]

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Business News

Brent nears $70 as oil prices rise for fourth day

April 3, 2019 admin Comments Off on Brent nears $70 as oil prices rise for fourth day

Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.

…read more […]

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Norwegian Air CEO says had good meetings with Boeing

April 3, 2019 admin Comments Off on Norwegian Air CEO says had good meetings with Boeing

Norwegian Air, a major client of Boeing, has had good meetings with the U.S. planemaker regarding the grounding of the MAX planes, the chief executive of the budget airline said on Wednesday.

…read more […]

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Business News

Emirates NBD to buy Turkey’s Denizbank for $2.8 billion in revised deal

April 3, 2019 admin Comments Off on Emirates NBD to buy Turkey’s Denizbank for $2.8 billion in revised deal

Dubai’s largest lender Emirates NBD will buy Turkey’s Denizbank from Russia’s state-owned Sberbank for less in dollar terms than previously agreed following the devaluation of the Turkish lira.

…read more […]

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Asian shares scale new seven-month highs; tight supply lifts oil

April 3, 2019 admin Comments Off on Asian shares scale new seven-month highs; tight supply lifts oil

Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.

…read more […]

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Ethiopian Airlines pilots initially used Boeing emergency procedures before crash: WSJ

April 3, 2019 admin Comments Off on Ethiopian Airlines pilots initially used Boeing emergency procedures before crash: WSJ

The pilots of an Ethiopian Airlines 737 MAX jet that crashed last month had initially followed Boeing Co’s emergency procedures but later deviated from them as they tried to regain control of the plane, the Wall Street Journal said on Wednesday.

…read more […]

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Business News

Exclusive: Japan Display to supply OLED screens for Apple Watch – sources

April 3, 2019 admin Comments Off on Exclusive: Japan Display to supply OLED screens for Apple Watch – sources

Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, two sources said, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple.

…read more […]

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Business News

Ghosn tweets about telling the truth as report says prosecutors readying new case

April 3, 2019 admin Comments Off on Ghosn tweets about telling the truth as report says prosecutors readying new case

Ousted Nissan boss Carlos Ghosn promised to “tell the truth” at a news conference next week, taking to Twitter to announce his first briefing since being released on bail and hours after a report that prosecutors were preparing a fresh case against him.

…read more […]

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Business News

Roche extends Spark offer after getting only 29 percent

April 3, 2019 admin Comments Off on Roche extends Spark offer after getting only 29 percent

Roche Holding has extended until May 2 its $4.3 billion offer for U.S. gene therapy specialist Spark Therapeutics, the Swiss drugmaker said after getting only 29.4 percent of Spark’s shares in a tender originally due to end on Wednesday.

…read more […]

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Business News

Roche extends Spark offer after getting 29 percent in tender

April 3, 2019 admin Comments Off on Roche extends Spark offer after getting 29 percent in tender

Roche Holding has extended until May 2 its $4.3 billion offer for U.S. gene therapy specialist Spark Therapeutics, the Swiss drugmaker said after getting 29.4 percent of Spark’s shares in a tender originally due to end on Wednesday.

…read more […]

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Business News

Toyota to give royalty-free access to hybrid-vehicle patents

April 3, 2019 admin Comments Off on Toyota to give royalty-free access to hybrid-vehicle patents

Toyota Motor Corp said it would offer royalty-free access to its hybrid-vehicle technology patents through 2030, as it seeks to expand use of lower emissions vehicles before the global auto industry shifts to all-battery electric cars.

…read more […]

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Business News

Jet Airways shares fall as it grounds more planes over unpaid lessor dues

April 3, 2019 admin Comments Off on Jet Airways shares fall as it grounds more planes over unpaid lessor dues

Jet Airways shares fell as much as 4 percent in early trade on Wednesday after it said the previous day it has grounded 15 more planes due to non-payment of dues to its lessors.

…read more […]

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