Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
Vietnamese carriers VietJet and Bamboo Airways on Wednesday signed deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing companies look to expand their operations in Asia and beyond.
Asian shares inched towards a five-month high on Wednesday and the dollar hovered near a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s shift to a more “patient” approach on policy in the face of a slowing economy.
U.S. President Donald Trump said this week he may soon sign a deal with Chinese President Xi Jinping to end a trade war blamed for slowing global economic growth and disrupting markets.
Lockheed Martin Corp expects it will take around 15 to 20 years to bring the cost per flight hour of the F-35 below fourth-generation fighter jets such as the F-16, the head of the F-35 program said on Wednesday.
An internal investigation by HSBC Holdings PLC into Huawei Technologies’ connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents reviewed by Reuters show.
Asian shares edged higher on Wednesday and the dollar fell to a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s recent shift toward a more “patient” approach on policy in the face of a slowing economy.
Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate.
Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
Nevada casino regulators said on Tuesday they had fined Wynn Resorts Ltd $20 million in a settlement with the company involving misconduct claims against former chief executive Steve Wynn.
Papa John’s International Inc forecast better-than-feared North American same-store sales on Tuesday, as the U.S. pizza chain’s investments on rebranding following its months-long spat with founder John Schnatter pay off.
After last month’s deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams his company operates.
Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to a source with direct knowledge of the matter.
Boeing Co on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost.
General Electric Co is targeting dividend in line with peers and needs to reduce its debt “thoughtfully and soon”, Chief Executive Officer Lawrence Culp said in a letter to shareholders on Tuesday.
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