Rolls-Royce will take longer than expected to fix problems with its Trent 1000 engine, frustrating efforts to get Boeing 787s grounded by the glitch flying again and knocking the British company’s shares.
World shares rose on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Britain’s Thomas Cook scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company.
Google will make an additional investment of 3 billion euros ($3.32 billion) to expand its European data centers, Chief Executive Sundar Pichai told a news conference in Finland.
British engineering firm Rolls-Royce said on Friday it expects problems with its Trent 1000 engines to take longer to fix, with a target of fewer than 10 grounded aircraft delayed until the second quarter of 2020.
Asian share prices rose on Friday as economic stimulus around the world helped eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks.
Royal Bank of Scotland named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job.
Britain’s Thomas Cook said its banks had ordered the company to find an additional 200 million pounds ($251 million) of funding in order to guarantee the survival of the world’s oldest holiday company.
China Investment Corp (CIC) on Friday said the Sino-U.S. trade war has made it more cautious about investing in the United States, after the Chinese sovereign wealth fund posted a dive in yearly profit.
Royal Bank of Scotland has appointed Alison Rose as its new chief executive, becoming the first major British lender to appoint a woman to its top job.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to clinch a deal on farm tariffs and digital trade when they meet in New York next week.
Tech giant Tencent Holdings Ltd plans to leverage its strengths in video games and social media to grab market share in China’s burgeoning cloud computing sector from incumbent Alibaba, the head of its cloud unit told Reuters.
Boeing Co still has a series of steps to complete before the 737 MAX can return to service, including submitting a pre-production version of a software update, Federal Aviation Administration chief Steve Dickson said.
Venezuela’s opposition is preparing to seek an asset protection program from the United Nations to prevent creditors from seizing the country’s crown jewel overseas asset, U.S. refiner Citgo, a lawmaker and two opposition sources told Reuters.
Asian share prices inched higher on Friday as economic stimulus around the world eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks.
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