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Boeing, Embraer defend planned deal, expect regulatory approval

July 16, 2018 admin Comments Off on Boeing, Embraer defend planned deal, expect regulatory approval

Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory approval.

…read more […]

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Deutsche surprises market with earnings forecast upgrade

July 16, 2018 admin Comments Off on Deutsche surprises market with earnings forecast upgrade

Deutsche Bank expects second-quarter net profits will be more than double analysts’ forecasts in a rare piece of good news for Germany’s largest bank which is cutting costs to try to revive profitability.

…read more […]

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‘What’s not to like?’ Boeing, Embraer defend potential deal

July 16, 2018 admin Comments Off on ‘What’s not to like?’ Boeing, Embraer defend potential deal

Top Boeing Co and Embraer SA executives on Monday defended their potential commercial aircraft partnership, saying they were confident it would win regulatory approval.

…read more […]

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BofA profit beats estimates on loan growth, lower expenses

July 16, 2018 admin Comments Off on BofA profit beats estimates on loan growth, lower expenses

Bank of America Corp reported quarterly profit above Wall Street expectations as the second-largest U.S. lender kept a tight leash on expenses and benefited from growth in loans and deposits.

…read more […]

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Linde sells U.S. antitrust assets for $3.3 billion to Messer, CVC

July 16, 2018 admin Comments Off on Linde sells U.S. antitrust assets for $3.3 billion to Messer, CVC

Germany’s Linde said on Monday it would fetch $3.3 billion from selling assets to a consortium of German gases firm Messer and buyout group CVC in a deal to secure antitrust clearance for its planned $87 billion merger with U.S. group Praxair .

…read more […]

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Stocks struggle as earnings hopes compete with China growth fears

July 16, 2018 admin Comments Off on Stocks struggle as earnings hopes compete with China growth fears

European stock markets struggled on Monday as expectations for a flurry of bumper corporate earnings and merger speculation fought with fears about the escalating trade conflict between Beijing and Washington.

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Laudamotion rejects Lufthansa allegations of late payments

July 16, 2018 admin Comments Off on Laudamotion rejects Lufthansa allegations of late payments

Austrian leisure airline Laudamotion said on Monday it had always paid its bills for planes leased from Lufthansa in full and on time, rejecting allegations made by the German rival.

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BlackRock tops profit estimates on investment advisory fees

July 16, 2018 admin Comments Off on BlackRock tops profit estimates on investment advisory fees

BlackRock Inc , the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, helped by growth in its investment advisory business.

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Airbnb breaches EU consumer rules, must fall into line: EU

July 16, 2018 admin Comments Off on Airbnb breaches EU consumer rules, must fall into line: EU

The European Union told Airbnb on Monday to bring its terms and conditions into line with the bloc’s consumer rules or face action by national consumer agencies, after a review of the short-term rental platform found some violations.

…read more […]

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Bank of America profit jumps on lower tax, loan growth

July 16, 2018 admin Comments Off on Bank of America profit jumps on lower tax, loan growth

Bank of America Corp reported a 36.3 percent jump in quarterly profit, helped by loan growth across its businesses, lower expenses and a smaller tax bill.

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Planemakers kick off air show with billions of dollars of deals

July 16, 2018 admin Comments Off on Planemakers kick off air show with billions of dollars of deals

Airbus and Boeing announced more than $10 billion of combined deals in the opening hours of the Farnborough Airshow on Monday, suggesting demand for new jets remains in rude health despite worries over trade tensions and Brexit.

…read more […]

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UK to invest two billion pounds in new fighter programme through 2025

July 16, 2018 admin Comments Off on UK to invest two billion pounds in new fighter programme through 2025

Britain will invest 2 billion pounds ($2.7 billion) to 2025 to develop a fighter jet called Tempest that could be used with pilots or as a drone, its defence minister said on Monday, unveiling a life-sized model of the new stealthy warplane.

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Qatar Airways finalizes order for five Boeing 777 freighters

July 16, 2018 admin Comments Off on Qatar Airways finalizes order for five Boeing 777 freighters

Qatar Airways has finalized an order to buy five 777 freighters from U.S. planemaker Boeing , the two companies said on Monday.

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Business News

Golden Falcon confirms order for 25 A320neos for Wataniya

July 16, 2018 admin Comments Off on Golden Falcon confirms order for 25 A320neos for Wataniya

Golden Falcon Aviation has confirmed an order for 25 Airbus A320neo jets for Kuwait’s Wataniya Airways worth around $2.8 billion at list prices, Golden Falcon said on Monday.

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Palm oil sustainability group reinstates Nestle membership

July 16, 2018 admin Comments Off on Palm oil sustainability group reinstates Nestle membership

Nestle’s membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog.

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