The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid U.S. sanctions, two sources familiar with the matter told Reuters.
The United States grounded Boeing Co’s money-spinning 737 MAX aircraft on Wednesday over safety fears after an Ethiopian Airlines plane crash that killed 157 people, leaving the world’s largest planemaker facing its worst crisis in years.
Panama’s civil aviation authority on Wednesday temporarily suspended the operations of all Boeing 737 MAX 8 and MAX 9 aircraft in its airspace, following Sunday’s deadly crash of an Ethiopian Airlines plane.
Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world’s second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote.
Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday.
A California jury on Wednesday ordered Johnson & Johnson to pay $29 million to a woman who alleged that asbestos in the company’s talcum-powder-based products, including Johnson’s Baby Powder, caused her mesothelioma, the latest defeat for the healthcare conglomerate which is facing thousands of similar lawsuits.
Walmart Inc plans to introduce a low-priced, kid-friendly electronic tablet under its ONN store brand, Bloomberg reported on Thursday.
A group of investors led by SoftBank Group Corp and Toyota Motor Corp are in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at between $5 billion and $10 billion, according to two sources familiar with the talks.
Brazil on Wednesday became the first major Latin American nation to suspend Boeing 737 MAX 8 aircraft from flying after a request from the country’s federal chief prosecutor following Sunday’s deadly crash of an Ethiopian Airlines plane.
Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay.
U.S. airlines that operate the 737 MAX – Southwest Airlines Co, American Airlines Group Inc and United Airlines – said their focus following the plane’s grounding was on finding alternatives for affected customers as quickly as possible.
A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.
Panama’s Copa Holdings said on Wednesday it would suspend operations of its six Boeing 737 MAX 9 aircraft, the latest airline in the region to ground planes in the wake of Sunday’s crash of an Ethiopian Airlines plane.
Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store chain was on the brink of securing funds to fend off a bid from Sports Direct’s founder, Mike Ashley, to take charge of the company.
U.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets.
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