Business & Finance News
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets.
Wall Street Journal-owner News Corp said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale.
Wall Street’s main indexes were set to open higher on Tuesday, as more dovish calls from the European Central Bank lifted expectations of a similar accommodative stance from the Federal Reserve.
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million for restructuring its North American business following the sale of its popular Keebler brand and other assets.
The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump.
U.S. President Donald Trump criticized European Central Bank President Mario Draghi’s comments earlier on Tuesday that further monetary policy changes may be needed by the ECB, saying that would spark unfair European competition against the United States.
Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way.
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.
Airbus and Boeing bagged a combined $15 billion of plane deals on day two of the Paris Airshow, as their sales teams scrapped for orders after a downturn in business at many airlines and the grounding of Boeing’s top-selling jet.
The euro took a beating and German bond yields hit a fresh record low on Tuesday in reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases.
Switzerland’s financial regulator FINMA said on Tuesday that it is in contact with the “initiators” of Libra, Facebook’s planned cyrptocurrency.
AirAsia Group has decided to convert 253 orders for Airbus’ A320neo planes to the larger A321neo model, making AirAsia the world’s largest customer for the A321neo.
Sweden’s AB Volvo is joining forces with Nvidia to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was ditched by Tesla last year.
AirAsia Group Bhd will make an announcement about the Airbus SE A321XLR narrowbody jet at the Paris Airshow on Tuesday, a source with knowledge of the matter said.
London Heathrow, the busiest airport in Europe, published its masterplan plan for expansion on Tuesday, including building a controversial third runway and new terminal facilities, at the start of a 12-week statutory consultation.
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