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Updated: 8 hours 50 min ago

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers

Sat, 02/15/2020 - 06:25
The U.S. government's decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union, Airbus said.

S&P 500, Nasdaq gain on Nvidia, White House stock incentive report

Sat, 02/15/2020 - 05:41
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.

Boeing tells FAA it does not believe 737 MAX wiring should be moved - sources

Sat, 02/15/2020 - 05:03
Boeing Co told the U.S. Federal Aviation Administration it does not believe it needs to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit with catastrophic consequences, people familiar with the matter said on Friday.

Exclusive: Senior China diplomat concedes challenge of coronavirus, slams 'overreaction'

Sat, 02/15/2020 - 04:58
A top Chinese official acknowledged on Friday that the new coronavirus is a deep challenge to the country, but defended Beijing's management of the epidemic while lashing out at the "overreaction" of other countries.

American, United push back 737 MAX return amid new approval delays

Sat, 02/15/2020 - 04:47
American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April.

Global stocks dip as virus impact weighed, oil gains for the week

Sat, 02/15/2020 - 03:58
Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices registered their first weekly gain since early January.

Oil rises over 1% on hopes demand will rebound from coronavirus effect

Sat, 02/15/2020 - 02:22
Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.

Motorola Solutions wins $764.6 million verdict in trade secrets case

Sat, 02/15/2020 - 02:19
Motorola Solutions Inc said on Friday it had won a $764.6 million (£586.6 million) jury verdict in a trade secret theft and copyright infringement case against Chinese rival Hytera Communications Corp .

Facebook cancels San Francisco summit on coronavirus fears

Sat, 02/15/2020 - 01:54
Facebook Inc said on Friday it had cancelled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks.

Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally

Sat, 02/15/2020 - 01:39
Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year.

Factbox - Airlines suspend China flights due to coronavirus outbreak

Fri, 02/14/2020 - 16:14
Airlines are suspending flights to China in the wake of the new coronavirus outbreak.

Oil prices rise 1%, on course for weekly gain

Fri, 02/14/2020 - 16:14
Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.

Cruise industry gives Asia a wide berth as it seeks to limit coronavirus risks

Fri, 02/14/2020 - 16:05
The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another by five ports despite no known cases has led to a sharp change in tack for an industry in shock: avoid Asia.

Chinese property firms bank on virtual reality as virus fears hit market

Fri, 02/14/2020 - 16:01
China's property developers and realtors are turning to virtual reality salesrooms and livestream marketing to thaw a frozen market as the coronavirus epidemic keeps physical offices shut and potential buyers are afraid to leave their homes.

China urges U.S. to stop suppressing Chinese companies after Huawei indictment

Fri, 02/14/2020 - 15:58
China's foreign ministry said on Friday it urges the United States to immediately stop suppressing Chinese companies without reason, after U.S. prosecutors unveiled a new indictment against Huawei Technologies.

Japan's exports, machinery orders seen falling as virus risks grow: Reuters poll

Fri, 02/14/2020 - 15:57
Japan's exports likely fell for a 14th straight month while machinery orders are expected to have dropped at the fastest pace in over a year, a Reuters poll showed on Friday, as activity in the world's third-largest economy slows.

Dolce & Gabbana founders have received offers but have no plans to sell - paper

Fri, 02/14/2020 - 15:46
Italy's Dolce & Gabbana founder Stefano Gabbana said on Friday he had received proposals to buy the group but had no intention to sell.

RBS to slash investment bank, rebrand as NatWest

Fri, 02/14/2020 - 15:40
Royal Bank of Scotland's new Chief Executive Alison Rose unveiled a new strategy for the taxpayer-backed bank on Friday, including radically cutting back the size of its loss-making investment bank and renaming the company NatWest.

Carney sees silver lining after Brexit hit to UK economy

Fri, 02/14/2020 - 15:39
For years, Bank of England boss Mark Carney warned of the economic risks of Britain leaving the European Union. Now that it has happened, he says there could be a silver lining in Prime Minister Boris Johnson's plans to boost growth.

Factbox: Carney's time at the Bank of England, from Brexit to climate change

Fri, 02/14/2020 - 15:39
Mark Carney, who stands down as Bank of England governor in March, has battled against challenges from zero inflation to the political chaos of Brexit in his nearly seven years at the helm of the world's fifth-biggest economy.