Business & Finance News
(Reuters) – Airbus SE is set to close a deal to take a controlling stake in Bombardier Inc’s CSeries jetliner program, effective July 1, the companies said on Friday, in a move expected to kickstart the European planemaker’s ability to put its marketing and cost-cutting muscle into the Canadian plane program.
LONDON (Reuters) – Britain’s markets watchdog said it will introduce a new premium listing category next month for sovereign-controlled companies, but with some changes following criticism that it was trying to help London win a possible Saudi Aramco listing.
LONDON (Reuters) – BT Group’s Chief Executive Gavin Patterson will step down later this year after the British telecoms company’s chairman said a change in leadership was needed.
HONG KONG (Reuters) – The chairman of China’s ZTE Corp apologized to staff and customers on Friday after the technology firm agreed to pay a $1 billion fine to the United States to end a crippling ban that had brought the firm to its knees.
LONDON (Reuters) – BT Group’s Chief Executive Gavin Patterson will step down later this year after the British telecom company’s chairman said a change in leadership was needed.
TORONTO (Reuters) – Jake Rowinski, a 20-year-old University of Toronto student, buys marijuana every week from one of the many self-described “medical” dispensaries in downtown Toronto.
MEXICO CIITY (Reuters) – U.S. producers can sell pork legs and shoulders to Mexico via an import quota despite retaliatory measures taken this week against U.S. President Donald Trump’s tariffs on steel and aluminum, the Mexican government said on Thursday.
TOKYO (Reuters) – Japan, which just months ago had tens of thousands of Airbnb and home-sharing properties available, has approved only about 150 before a new law kicks in next week, meant to bring order to the market and create more lodging options for foreign tourists.
SINGAPORE (Reuters) – Oil prices were stable on Friday, supported by Venezuela’s struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC, although surging U.S. crude output was looming over markets.
QUEBEC CITY (Reuters) – Leaders of the Group of Seven rich nations are set to clash with a combative U.S. President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminum they fear could lead to a trade war.
SYDNEY (Reuters) – Asian shares stepped back from a 2-1/2 month high on Friday as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.
SINGAPORE (Reuters) – Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
TOKYO (Reuters) – The dollar wallowed near a three-week low against peers on Friday as U.S. Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations that the European Central Bank would begin unwinding it stimulus program.
SYDNEY (Reuters) – Asian shares are set for a soft start on Friday as global risk appetite deteriorated on worries the European Central Bank was ready to start tapering its massive stimulus, although trade was expected to be cautious ahead of big diplomatic meetings.
WASHINGTON (Reuters) – A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc and Twitter Inc for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc this week disclosed such partnerships with several Chinese companies.
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