Business & Finance News
The Dutch government in recent days has stealthily built up a 14 percent stake in Air France KLM, which it said was needed to protect Dutch interests from growing French dominance in the airline group.
Shares in Air France-KLM fell sharply as the Dutch government amassed a 14 percent stake in the airline to counter French influence, in a surprise move highlighting tensions over the company’s strategic direction.
Oil futures jumped more than 2 percent on Wednesday after U.S. crude inventories unexpectedly plunged and as top OPEC producer Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising.
Airbus has decided to redesign the C295 military transport aircraft it builds in Spain to remove German components following Germany’s freeze on arms exports to Saudi Arabia, company sources told Reuters.
J.C. Penney Co Inc on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.
Wall Street’s main indexes edged lower on Wednesday after U.S. trade representative Robert Lighthizer said the United States and China still had hard work ahead to reach a trade deal.
The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) will publish the fourth-quarter gross domestic product (GDP) report on Thursday at 08:30 a.m (1330 GMT) after it was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.
Airbus, frustrated by a German freeze on arms exports to Saudi Arabia, has decided to redesign the C295 military transport aircraft it builds in Spain to remove its German content, company sources told Reuters.
The United States wants meetings as regularly as once a month to ensure enforcement of any potential trade pact with China, U.S. Trade Representative Robert Lighthizer said on Wednesday.
Oil futures rose more than 2 percent on Wednesday after a surprising plunge in U.S. crude inventories and as OPEC’s de facto leader Saudi Arabia appeared unfazed by pressure from U.S. President Donald Trump to prevent oil prices from rising.
Qatari, Chinese and Japanese investors all sought “extras” from Barclays as the British bank raised billions of pounds at the height of the credit crisis in 2008, a landmark London criminal trial heard on Wednesday.
Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, as the oil major further boosts its trading capabilities, sources familiar with the matter told Reuters on Wednesday.
Qatar Airways said on Wednesday that it had decided not to go ahead with routes to some planned destinations following a Gulf boycott, particularly in West and Central Africa, the company said in a Twitter post.
The United States and China still have hard work ahead to reach a trade deal to end a dispute that U.S. Trade Representative Robert Lighthizer told a Congressional hearing on Wednesday was the “most severe” Washington trade policy makers had faced.
Wall Street’s main indexes extended losses on Wednesday after U.S. trade representative Robert Lighthizer said the country’s issues with China were “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.
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