Business & Finance News
Boeing Co struck a new deal for 100 passenger jets with Vietnamese budget airline VietJet Air on Wednesday, deepening a battle for market share against rival Airbus in one of southeast Asia’s hottest markets.
Airbus is not planning to respond with a new aircraft should U.S. rival Boeing go ahead with a proposed middle of the market jet, the European aerospace group’s chief executive said on Wednesday.
Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show.
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by gains in its fixed income and equities trading businesses, sending its shares up 3.3 percent.
World stocks hit a one-month high on Wednesday as a bullish outlook from the head of the U.S. central bank and rising company earnings buoyed the mood, lifted the dollar and sent safe-haven gold to a one-year trough.
EU regulators hit Google with a record 4.34 billion euros ($5 billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals.
Google said it will appeal against a record 4.34-billion-euro ($5.04 billion) fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators.
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm’s lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.
EU antitrust regulators levied a record 4.34-billion-euro($5.04 billion) fine against Google on Wednesday for illegal restrictions on Android smartphone makers and mobile network operators.
Vietnamese budget airline VietJet Air and Boeing Co said on Wednesday they had reached a provisional agreement for 100 Boeing 737 MAX airplanes.
Novartis expects to hit the top of its 2018 sales guidance after a strong second quarter, the CEO said, despite joining Pfizer in freezing its U.S. drug prices for the rest of the year following pressure from President Donald Trump.
The European Commission will fine Google a record 4.3 billion euros ($5 billion) on Wednesday over its Android mobile operating system, a source close to the matter told Reuters.
The world’s major stock markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted bond yields and sent safe-haven gold to a one-year trough.
EU antitrust regulators will on Wednesday levy a 4.3-billion-euro ($5 billion) on Google for using its dominant Android mobile operating system to block rivals, a person familiar with the matter said.
German Labor Minister Hubertus Heil said he was increasingly concerned about the situation at submarines-to-elevators conglomerate ThyssenKrupp after it lost its top officials under pressure from shareholders to restructure.
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