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Oil dips as surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output.
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Factbox: Boeing’s changing schedule for 737 MAX fix, return to service
Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight control system.
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EU nations can restrict high-risk vendors under new 5G guidelines – sources
EU countries can restrict or exclude high-risk 5G providers from core parts of their telecoms network infrastructure under new guidelines to be issued by the European Commission next week, people familiar with the matter said on Wednesday. The non-binding recommendations are part of a set of measures aimed at addressing cybersecurity risks at national and bloc-wide level, in particular concerns related to world No. 1 player Huawei Technologies. The guidelines do not identify any particular country or company, the people said. …read more […]
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Trump threatens big tariffs on car imports from EU if no trade deal struck: CNBC
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal.
Business News
Latest 737 MAX delay prompts big buyer flydubai to consider leasing options
Airline flydubai, a major Boeing 737 MAX customer, is considering leasing additional aircraft following the latest setback to the grounded jet’s return to service.
Business News
Renault chairman hopes decision on new CEO is made ‘in coming days’
Renault Chairman Jean-Dominique Senard said Wednesday he hoped the decision on the French carmaker’s new CEO would be made in “the coming days”.
Business News
Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund’s campaign demanding 7 trillion won ($6 billion) in dividends and board seats was thwarted in March.
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Canadian prosecutor set to defend U.S. request to extradite Huawei CFO Meng
Canadian prosecutors are expected to defend on Wednesday their case to extradite Huawei Chief Financial Officer Meng Wanzhou to the United States saying Meng was arrested on charges of bank fraud, which is a crime in both countries, and not because of U.S. sanctions against Iran as argued by the defense.
Business News
Explainer: As Britain decides, Europe grapples with Huawei conundrum
Britain’s impending decision on whether to allow Huawei [HWT.UL] to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.
Business News
Jaguar Land Rover to cut 10% of workforce at UK Halewood factory
British carmaker Jaguar Land Rover (JLR) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site.
Business News
Daimler warns 2019 profits to halve as problems deepen
German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry’s diesel emissions scandal, heavy investment in electric vehicles and production problems.
Business News
Activist investor calls on Toshiba Machine to put defense plans before shareholders
Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co hold an extraordinary shareholders meeting to discuss its plans to introduce defense measures against a hostile takeover.
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Should You Buy Nokia Corporation (HEL:NOKIA) For Its Dividend?
Dividend paying stocks like Nokia Corporation (HEL:NOKIA) tend to be popular with investors, and for good reason… …read more […]
Business News
Trump says middle class tax cut to be announced over next 90 days: Fox Business
U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.
Business News
Major 737 MAX buyer Air Lease remains confident in demand for jet
Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing’s grounded 737 MAX, remains confident in the jet’s long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return.