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Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems

China Edges Into Hong Kong to “Clean Up Streets” The Chinese have invaded Hong Kong. So far it’s just to clean up the streets, but their presence on the island is raising some eyebrows as to what Beijing’s real intentions are in bringing Chinese soldiers in to participate in the situation. The soldiers, part of […]The post Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems appeared first on Market Exclusive. …read more […]

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Parts with passports: how free trade drives GM's engines

Long before the pistons for General Motors Co V-6 engines reach the U.S. No. 1 automaker’s Romulus, Michigan plant, they are seasoned international travelers. The parts make four international border crossings in all, without a single tariff levied. “They already have their passports,” said Jim Bovenzi, GM’s executive director of global supply chain on a recent tour of the Romulus plant. …read more […]

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Emirates Pares Back Wide-Body Airbus Order Amid Fleet Review

(Bloomberg) — Emirates finalized an order for 50 Airbus SE planes, shrinking a tentative commitment made earlier in the year after the Gulf carrier reviewed its fleet strategy and aired concerns about aircraft performance.Emirates will purchase A350-900 wide-body jets worth $16 billion at list prices, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said Monday at the Dubai Airshow. While that’s up from the 30 it agreed to take in February, the firm deal replaces an outline that also included 40 A330neos valued at $12 billion.In all, the Airbus order shrank by about $5.5 billion, before factoring in customary discounts. Deliveries …read more […]

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UPDATE 1-Emirates announces $16 bln order for 50 Airbus A350 planes

Dubai state-owned airline Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices. The deal signed at the show marked a final and amended version of a tentative deal for 40 A330neo aircraft and 30 A350 jets, which has been pending since the start of the year. …read more […]

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Replacing Pratt engines in IndiGo fleet by end of January a challenge – CEO

Replacing all Pratt & Whitney engines on IndiGo’s fleet of almost 100 Airbus planes by Jan. 31, as ordered by India’s aviation watchdog, will be challenging but the airline aims to complete the work, its chief executive officer said on Monday. India’s aviation regulator on Nov. 1 ordered IndiGo to replace all Pratt & Whitney (P&W) engines on its fleet of twin-engined Airbus A320neo family aircraft with new P&W power units, following recent inflight engine shutdowns that caused “serious concern”. Low cost carrier IndiGo is Airbus’ biggest client for A320neo planes, and while the United Technologies’ P&W engines …read more […]