Saudi Arabia does not have Boeing 737 MAX planes in its own aircraft registry, a spokesman for the kingdom’s civil aviation authority said in a statement on Wednesday.
A global oil surplus is allowing the United States to accelerate its plan of bringing Iranian crude exports to zero, a U.S. State Department official said on Wednesday.
Volkswagen said on Wednesday it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve.
Insys Therapeutics Inc said on Wednesday its auditor raised doubts on the drugmaker’s ability to continue as a going concern, sending its shares down 13 percent.
Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.
Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.
U.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve’s patient stance on future rate hikes and as Boeing rose for the first time since Sunday’s deadly crash of a 737 MAX 8 jet in Ethiopia.
Two black box recorders recovered from the crash of Ethiopia Airlines flight 302 are still in the capital Addis Ababa as discussions continue about where in Europe to send them, the airline said on Wednesday.
Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules.
U.S. stocks rose broadly on Wednesday after a fresh set of economic data strengthened the Federal Reserve’s patient stance on future rate hikes and as Boeing rose for the first time since Sunday’s deadly crash of a 737 MAX 8 jet in Ethiopia.
Fiat Chrysler Automobiles NV will recall 862,520 gasoline-powered vehicles in the United States that do not meet U.S. emissions standards, the Environmental Protection Agency said on Wednesday.
The Ethiopian Airlines pilot whose jet crashed killing 157 people had reported flight-control problems, the company said on Wednesday, as it prepared to send the black boxes to Europe from a disaster that has rocked the global aviation industry.
Portugal’s Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant’s bid to take over EDP fails, people familiar with the matter said.
U.S. stocks opened higher on Wednesday after a fresh set of economic data supported the Federal Reserve’s patient stance on future rate hikes, while Boeing rose for the first time in three days since a fatal crash of its aircraft in Ethiopia.
New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, pointing to solid business spending on equipment at the start of the year.
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