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Updated: 30 min 49 sec ago

Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices - sources

Sat, 03/16/2019 - 18:31
India's antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.

Experts begin examining Ethiopia jet cockpit recorder

Sat, 03/16/2019 - 18:13
Investigators hunting for the cause of the crash of an Ethiopian Airlines plane that killed all 157 people on board have begun studying the cockpit voice recorder, France's BEA air accident investigation agency said on Saturday.

Malaysia threatens WTO challenge to EU's move to drop palm biofuel

Sat, 03/16/2019 - 16:25
Malaysia on Saturday threatened to bring a World Trade Organisation (WTO) challenge if the European Union goes ahead with recommendations to phase out palm oil from transport fuel used in the bloc.

Amazon's second headquarters faces new blocks in Virginia funding vote

Sat, 03/16/2019 - 12:22 Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.

Phillips 66 contains fire at its Los Angeles refinery

Sat, 03/16/2019 - 11:43
Phillips 66 said on Friday it had contained a fire at its Los Angeles refinery and there have been no injuries.

BMW, Mercedes-Benz lower prices in China after VAT drop

Sat, 03/16/2019 - 11:41
BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country's value-added tax (VAT) starting on April 1.

Motor racing: McLaren extend F1 partnership with Coca Cola

Sat, 03/16/2019 - 10:24
Former champions McLaren have extended a partnership with Coca Cola after agreeing a short-term deal last year, the British-based Formula One team announced on Saturday.

Boeing 737 MAX software patch expected before end-March - sources

Sat, 03/16/2019 - 05:14
Boeing Co plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said.

Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash

Sat, 03/16/2019 - 03:18
The grounding of Boeing's 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday.

Pompeo seen attending Finland Arctic talks amid China concerns

Sat, 03/16/2019 - 00:39
U.S. Secretary of State Mike Pompeo is expected to attend the May 6-7 Arctic Council meeting in Finland in a show of Washington's commitment to the region amid growing U.S. concern about China's interests there, a senior U.S. official said on Friday.

Air Canada, United Airlines say 737 MAX groundings to hurt business

Sat, 03/16/2019 - 00:05
Air Canada and United Airlines on Friday became the first major carriers in North America to warn of negative impacts on business due to the grounding of Boeing Co's 737 MAX planes.

Wall Street gains with tech; S&P 500 posts best week since November

Fri, 03/15/2019 - 23:32
U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November.

Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

Fri, 03/15/2019 - 23:05
The grounding of Boeing's global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.

Trump's trade war cost U.S. economy $7.8 billion in 2018: study

Fri, 03/15/2019 - 22:03
President Donald Trump's trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.

Apple infringed three Qualcomm patents, jury finds

Fri, 03/15/2019 - 21:15
Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.

Global stocks gain on trade, Brexit optimism, dollar slides

Fri, 03/15/2019 - 21:08
A gauge of global equity markets hit a fresh five-month high on Friday on investor optimism over U.S.-Chinese trade talks and hopes a new Brexit vote next week will prove successful, but the dollar headed to its biggest weekly loss since early December.

Shocked aviation world awaits Boeing black box probe in France

Fri, 03/15/2019 - 20:38
Investigators in France on Friday examined the black boxes of a Boeing 737 MAX that crashed in Ethiopia as the global airline industry waited to see if the cause was similar to a disaster in Indonesia months before.

Wall Street Weekahead: U.S. funds focus on media stocks, banks to find value as mid-caps rally

Fri, 03/15/2019 - 20:17
The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages.

Foreign brands escape China's glare at annual consumer day gala

Fri, 03/15/2019 - 20:10
China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual event that for the first time in years did not name and shame any foreign or well-known local brands.

VW supervisory board condemns CEO's 'EBIT macht frei' remark

Fri, 03/15/2019 - 20:08
Volkswagen's supervisory board on Friday condemned remarks made by the company's chief executive after he appeared to allude to a Nazi-era slogan when he attempted to describe the carmaker's earnings potential.