Business & Finance News
Boeing Co bowed to a growing cash squeeze by suspending commercial 737 production from January for the first time in more than 20 years, as the grounding of the planemaker’s best-selling MAX after two fatal crashes drags into 2020.
Asian shares gained on Tuesday, but a lack of detail about the Sino-U.S. trade deal tempered some of the exuberance that sent Wall Street to record highs overnight, while familiar fears of a hard Brexit knocked the pound.
Goldman Sachs Group Inc said on Monday it will provide $750 billion in financing, advisory services and investments for green projects and companies, as well as those that foster economic opportunities for under-served people over the next decade.
Wall Street stocks notched record closing highs on Monday as cooling trade tensions between Washington and Beijing and upbeat economic data from China boosted investor sentiment.
Australia’s banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank’s money laundering scandal.
Swiss drugmaker Roche has won U.S. antitrust approval for its $4.3 billion deal to buy gene therapy specialist Spark Therapeutics clearing the way for Roche’s push into treating rare diseases including hemophilia A.
The U.S. and Mexican governments on Monday sought to defuse a controversy over Washington’s plan to monitor Mexican labor standards under a new regional trade deal, with Mexico saying it was satisfied by U.S. assurances it was not sending inspectors.
Boeing Co said on Monday it will halt 737 commercial production in January as the grounding of its best-selling MAX following two fatal crashes within five months looks set to last well into next year.
The board of Fiat Chrysler Automobiles NV is expected to meet on Tuesday afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA, sources said on Monday.
Westpac Banking Corp will be required to hold an extra A$500 million in capital after Australia’s banking regulator announced an investigation into the bank’s alleged money laundering breaches.
Swiss drugmaker Roche has won U.S. antitrust approval for its $4.3 billion deal to buy gene therapy specialist Spark Therapeutics , the Federal Trade Commission said on Monday, clearing the way for the Swiss drugmaker’s push into treating rare diseases including hemophilia A.
Streaming giant Netflix is accelerating its growth overseas, with its Asia-Pacific business recording the biggest membership and revenue gains among all regions over the past three years.
The U.S. Congress declined to extend a $7,500 tax credit for electric vehicles but will boost funding for aviation safety after two deadly Boeing 737 MAX crashes.
Boeing Co is temporarily halting 737 production in January for the first time in more than 20 years as the grounding of the planemaker’s best-selling MAX after two fatal crashes looks set to last well into 2020.
German broadcaster ProSiebenSat.1 Media SE’s e-commerce arm NuCom Group is exploring the acquisition of U.S. live streaming app developer Meet Group Inc , people familiar with the matter said on Monday.
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