Airbus is on course to end 2019 with all major civil aircraft programmes showing a book-to-bill ratio above one, chief commercial jet salesman Christian Scherer said on Wednesday.
World stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while Britain’s pound nursed heavy losses in the wake of renewed Brexit uncertainty.
(Bloomberg) — Michael Antoff can thank President Donald Trump and his tariffs for the chance to spend his retirement living by the Lake of the Ozarks, goofing around with his two grandchildren.In 2015, when U.S. Steel Corp.’s hulking mill in Granite City, Illinois, went dark, Antoff still needed 11 months of service to lock in his pension. He scraped by with odd jobs that paid a third of his former salary for two anxious years. Then, in March 2018, Trump put 25% duties on imported steel, the plant rekindled its two blast furnaces and Antoff returned to the line.Yet Antoff’s …read more […]
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over a roughly $50 billion merger that will reshape the global car industry.
Fiat Chrysler (FCA) and Peugeot maker PSA merger is good news for France, Europe and also for the car industry, France’s Finance Minister Bruno Le Maire told Reuters on Wednesday.
Fiat Chrysler will meet Italian trade unions in Turin on Friday to discuss the details of a merger deal with French rival PSA , the FIM-CISL union said on Wednesday.
Airbus will end the year with all major civil aircraft programs showing a book-to-bill ratio above 1, sales chief Christian Scherer said on Wednesday.
Airbus will end the year with all major civil aircraft programs showing a book-to-bill ratio above 1, sales chief Christian Scherer said on Wednesday. In a year marked by trade tensions and U.S. tariffs, Airbus turned in a “very satisfactory” sales performance for 2019, Scherer said, adding that the aircraft tariffs nonetheless pose a “very serious problem for our clients”. The eventual development of a larger version of the A220 was “not a question of if, but when”, Scherer said, adding that it is not being considered at this stage. …read more […]
The Trump administration is finalizing a set of narrow rules to limit exports of sophisticated technology to adversaries like China, a document seen by Reuters shows, in a boon to U.S. industry that feared a much tougher crackdown on sales abroad.
Fiat Chrysler (FCA) and Peugeot maker PSA said on Wednesday they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest car maker.
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check.
Alphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill. The settlement comes after an audit that looked into the tech giant’s tax practices between 2008 and 2018, a Google spokeswoman said. In a separate statement, the Australian Taxation Office (ATO) said it has now netted A$1.25 billion after also settling tax disputes recently with other tech giants such as Microsoft, Apple and Facebook under the Multinational Anti-Avoidance Law (MAAL). …read more […]
Alphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill.
Fiat Chrysler and Peugeot maker PSA said on Wednesday they had agreed on a binding merger agreement, in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest carmaker.
Dec.18 — Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said. Emma O’Brien reports on “Bloomberg Daybreak: Middle East.” …read more […]
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