Business & Finance News
The “significant reputational hit” suffered by Boeing’s grounded 737 MAX airliner will have to be reflected in the compensation the planemaker pays Ryanair , the CEO of Europe’s biggest budget airline said on Monday.
Goldman Sachs Group is in advanced talks with Amazon.com Inc to offer small business loans in the United States on the e-commerce giant’s lending platform, the Financial Times reported on Monday.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
U.S. construction spending unexpectedly fell in December, posting its first drop since June, as investment in both private and public projects declined.
Foxconn could see a “big” production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person with direct knowledge of the matter said.
Wall Street’s main indexes rose at the open on Monday, following their worst week in at least four months due to growth concerns stemming from the coronavirus epidemic.
Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday.
U.S. stocks were set to open higher on Monday, following steep declines in the previous session, with China’s move to improve liquidity and relieve pressure on its economy from the impact of the coronavirus epidemic helping the mood slightly.
AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of $50 million to win plane orders from the company.
Britain set out the type of deal it wants with the European Union on Monday, defining post-Brexit relations between the world’s fifth largest economy and its biggest trading partner.
Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.
The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did.
German Chancellor Angela Merkel said on Monday she would be prepared to back changes to the European Union’s Lisbon Treaty, the bloc’s legal cornerstone if need be, adding that the EU27 must become more competitive now that Britain has left.
Britain set out the type of deal it wants to agree with the European Union on Monday, defining post-Brexit relations between the world’s fifth largest economy and its biggest trading partner.
A trade agreement between Britain and the European Union should provide a predictable, transparent and business-friendly environment for financial services firms and regulators, UK Prime Minister Boris Johnson said on Monday.
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