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Home2019June

Month: June 2019

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Business News

After Boeing showstopper, Airbus bounces back with Franke deal

June 19, 2019 admin Comments Off on After Boeing showstopper, Airbus bounces back with Franke deal

Airbus struck a 50-plane deal with veteran low-cost airline investor Bill Franke on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.

…read more […]

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Business News

Boeing signs $100 million in services deals at order-light air show

June 19, 2019 admin Comments Off on Boeing signs $100 million in services deals at order-light air show

Boeing Co seized on a lull in firm orders for passenger jets to sign more than $100 million in contracts for digital services for its newer but fast-growing global unit as the Paris Airshow enters a third day on Wednesday.

…read more […]

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Business News

EU clears 431 million euros aid for cleaner transport in German cities

June 19, 2019 admin Comments Off on EU clears 431 million euros aid for cleaner transport in German cities

The European Commission said on Wednesday it had cleared 431 million euros ($482.8 million) of public support by German authorities to cities to adapt diesel-powered municipal and commercial vehicles to reduce their nitrogen oxide emissions.

…read more […]

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Taiwan’s China Airlines signs MOU for 11 Airbus A321neo jets

June 19, 2019 admin Comments Off on Taiwan’s China Airlines signs MOU for 11 Airbus A321neo jets

Airbus unveiled an aircraft deal with Taiwan’s China Airlines on Wednesday, snatching the carrier’s medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British Airways owner IAG.

…read more […]

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Apple explores moving 15-30% of production capacity from China: Nikkei

June 19, 2019 admin Comments Off on Apple explores moving 15-30% of production capacity from China: Nikkei

Apple Inc has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.

…read more […]

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Oil broadly stable as inventory data counters trade deal hopes

June 19, 2019 admin Comments Off on Oil broadly stable as inventory data counters trade deal hopes

Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.

…read more […]

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Taiwan’s China Airlines plans to upgrade fleet with Boeing 777 freighters

June 19, 2019 admin Comments Off on Taiwan’s China Airlines plans to upgrade fleet with Boeing 777 freighters

Taiwan’s China Airlines Ltd has provisionally ordered up to six Boeing Co 777 freighters, the companies said on Wednesday, as the carrier attempts to modernize its cargo fleet.

…read more […]

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Central banks’ dovish cooing keeps world stocks lulled near two-week highs

June 19, 2019 admin Comments Off on Central banks’ dovish cooing keeps world stocks lulled near two-week highs

World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the euro zone may deliver interest rate cuts as early as July.

…read more […]

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EU court declares Adidas three-stripe trademark invalid

June 19, 2019 admin Comments Off on EU court declares Adidas three-stripe trademark invalid

The European Union’s second highest court ruled on Wednesday that Adidas’s three-stripe branding was invalid as a trademark as it lacked a distinctive character.

…read more […]

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China says history shows positive outcome from U.S. talks possible

June 19, 2019 admin Comments Off on China says history shows positive outcome from U.S. talks possible

Four decades of dealings between China and the United States show that positive outcomes were always possible, China’s foreign ministry said on Wednesday, after their presidents agreed to rekindle trade talks at a G20 meeting this month.

…read more […]

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U.S. fines firms transhipping via Cambodia to dodge Trump’s China tariffs

June 19, 2019 admin Comments Off on U.S. fines firms transhipping via Cambodia to dodge Trump’s China tariffs

The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump’s tariffs on Chinese imports, a U.S. Embassy official told Reuters on Wednesday.

…read more […]

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EU court rules that Adidas’s three stripes trademark is invalid

June 19, 2019 admin Comments Off on EU court rules that Adidas’s three stripes trademark is invalid

The European Union’s second highest court ruled on Wednesday that Adidas’s trademark consisting of three parallel stripes was invalid.

…read more […]

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Mitsubishi signs MOU for 15 Spacejet planes

June 19, 2019 admin Comments Off on Mitsubishi signs MOU for 15 Spacejet planes

Mitsubishi Aircraft Corp said on Wednesday it had signed a preliminary deal to sell 15 newly redesigned Spacejet M100 aircraft to a North American airline.

…read more […]

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Airbus CEO says chances of no-deal Brexit increasing

June 19, 2019 admin Comments Off on Airbus CEO says chances of no-deal Brexit increasing

Airbus Chief Executive Guillaume Faury said on Wednesday there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm’s performance next year.

…read more […]

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China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks

June 19, 2019 admin Comments Off on China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks

China’s Ministry of Commerce said on Wednesday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGs), a by-product of ethanol production used in animal feed, after closing a review launched in April.

…read more […]

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