Month: June 2019

Raytheon Co and United Technologies Corp on Sunday agreed to combine their aerospace businesses in an all-stock deal, creating a $74 billion industry leader.

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Raytheon Co and United Technologies Corp on Sunday agreed to combine their aerospace businesses.

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Renault has signaled it will block reforms launched by alliance partner Nissan in the wake of the Carlos Ghosn scandal unless it is granted representation on new board committees, a source close to the French carmaker said.

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France’s Renault SA has told Nissan Motor Co Ltd that it will block the company’s plan to overhaul its corporate governance, the Financial Times reported on Sunday.

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American Airlines Group Inc said Sunday it is extending cancellations of about 115 daily flights into September due to the grounding of the Boeing 737 MAX.

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American Airlines Group Inc said Sunday it is extending cancellations of about 115 daily flights into September due to the grounding of the Boeing 737 MAX.

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Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc’s trading arm.

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U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China – but absent a deal, Washington would maintain tariffs to cut its deficit.

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U.S. Treasury Secretary Steven Mnuchin said the U.S. government’s steps against Chinese telecommunications company Huawei Technologies Co Ltd are a national security issue and not related to trade.

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Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.

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French finance minister Bruno Le Maire on Sunday said it was vital that Renault and Nissan Motor strengthen their alliance as the auto industry undergoes rapid change in the areas of electric and connected vehicles.

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French Finance Minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.

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Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday.

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Investors have understood the European Central Bank’s latest policy message “very well”, ECB policymaker Ignazio Visco said on Sunday when asked about a rise in the euro despite the possibility of new monetary easing.

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Bank of Japan Governor Haruhiko Kuroda said on Sunday the Group of 20 finance leaders reaffirmed their commitment to use all policy tools if risks to their economies materialize.

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