Boeing Co and Romanian state-owned airline Tarom said on Monday they had reached a deal over the purchase of five 737 MAX 8 aircraft and a leasing agreement for two 737-800 aircraft.
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana. “Member countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018,” Bijan Zanganeh wrote in a letter sent to Saudi Energy Minister Khalid al-Falih, according to Shana. …read more […]
BlackRock Inc , the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate.
Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory approval.
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.
Top Boeing Co and Embraer SA executives on Monday defended their potential commercial aircraft partnership, saying they were confident it would win regulatory approval.
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.
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 .
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.
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.
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.
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.
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.
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.
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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