Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.
Oil prices were steady on Monday, with concerns of a sharp economic slowdown competing with support from tighter supply due to OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela.
Ethiopian Airlines said on Monday it would keep close ties with U.S. planemaker Boeing even though questions remained about its 737 MAX 8 model, after a crash shortly after take off this month killed 157 people.
Qatar Airways has delayed the April delivery of a Boeing 737 MAX until the cause of the Ethiopian Airlines crash involving the same type of plane is known, its chief executive said on Monday.
World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.
Former U.S. Federal Reserve chair Janet Yellen said on Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator last year rebuffed a slightly lower bid from U.S. rival EchoStar.
Boeing Co will brief more than 200 global airline pilots, technical leaders and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.
Shares in luxury goods group LVMH briefly fell almost 9 percent at the open on Monday before recovering in what traders said was likely a “fat finger” erroneous trade.
Ethiopian Airlines will work with investigators in Ethiopia, the United States and elsewhere “to figure out what went wrong with flight 302”, the airline’s CEO Tewolde Gebremariam said on Monday.
Ethiopian Airlines won’t attend a meeting in the United States called by planemaker Boeing to tell aviation leaders about a planned update to software that is a focus of investigation in two deadly crashes, an airline spokesman told Reuters on Monday.
Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.
Ethiopian Airlines CEO Tewolde Gebremariam said on Monday the airline would work with investigators in Ethiopia, the United States and elsewhere “to figure out what went wrong with flight 302”.
A private equity-led consortium on Monday agreed to buy British satellite operator Inmarsat for about $3.4 billion in cash, six months after Inmarsat rebuffed a slightly lower cash and stock bid from U.S. satellite group EchoStar.
Apple Inc is expected to finally lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as iPhone sales taper.
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