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Updated: 37 min 36 sec ago

Spotify files EU antitrust complaint against Apple

Wed, 03/13/2019 - 20:21
Spotify has filed a complaint with EU antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service.

German minister fears excluding Huawei could hurt economy

Wed, 03/13/2019 - 20:18
Excluding China's Huawei from participating in the construction of Germany's 5G next-generation mobile network could hurt Europe's largest economy, Interior Minister Horst Seehofer said on Wednesday.

Argentina's new trillion-peso risk: mounting 'Leliq' debt

Wed, 03/13/2019 - 20:15
Argentina has a new debt worry. The country's pile of short-term "Leliq" notes has broken through 1 trillion pesos (around $24 billion), a potential strain on the central bank's coffers and a fresh headache for the government in an election year.

U.S. says Iran has lost $10 bln in oil revenue due to sanctions

Wed, 03/13/2019 - 19:41
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Department official said on Wednesday.

U.S. core capital goods orders rebound; inflation muted

Wed, 03/13/2019 - 19:39
New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, but the trend in both measures of business spending on equipment remained soft, leaving forecasts for weak first-quarter economic growth intact.

Wall Street lifted by latest benign inflation data

Wed, 03/13/2019 - 19:36
U.S. stocks rose broadly on Wednesday with the S&P 500 index hitting a five-month high, after latest data backed the Federal Reserve's patient stance on future interest rate hikes.

Brookfield buys most of Oaktree to build juggernaut to rival Blackstone

Wed, 03/13/2019 - 19:35
Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Group LLC in a roughly $4.8 billion deal, creating an alternative-asset manager that would rival industry leader Blackstone Group in size.

Kayak soothes nervous Boeing flyers with airplane search filter

Wed, 03/13/2019 - 19:18
Travel website Kayak is making changes to let customers exclude specific aircraft types from searches, and booking sites are looking to reroute passengers, after an unexplained Boeing jet crash that killed 157 people in Ethiopia.

CORRECTED - Factbox: Boeing 737 MAX 8 groundings spread around the world

Wed, 03/13/2019 - 19:15
(Removes incorrect reference to Canadian minister saying there are similarities between flight patterns of crashed Ethiopian plane and Canadian flights)

India won't take deliveries of Boeing 737 MAX until safety concerns cleared

Wed, 03/13/2019 - 19:06
The Indian government has decided to bar Boeing 737 MAX aircraft from flying in Indian skies and will not take any deliveries of the narrowbody jet until safety concerns are cleared, an official from the Directorate General of Civil Aviation said.

VW halts truck unit IPO until market conditions improve

Wed, 03/13/2019 - 19:04
Volkswagen said on Wednesday it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve, stalling what was expected to be Germany's biggest share offering this year.

Interview: UK debt agency boss struck by gilt market calm in Brexit storm

Wed, 03/13/2019 - 19:02
The head of Britain's debt agency said on Wednesday he was struck by the calm in the government bond market ahead of Brexit which remains scheduled to take place in just over a fortnight's time.

Reliance halts diluents export to Venezuela, not raised oil buying

Wed, 03/13/2019 - 18:48
India's Reliance Industries Ltd, operator of the world's biggest refining complex, said on Wednesday it had halted supply of diluents to Venezuela's national oil company PDVSA and will not resume such sales until sanctions are lifted.

Supply chain problems to slow Adidas' sales growth

Wed, 03/13/2019 - 18:14
Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.

Wells Fargo CEO avoids major stumble at heated Congressional hearing

Tue, 03/12/2019 - 20:33
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense Congressional hearing that saw Sloan firmly on the defensive.

U.S. senator asks American, Southwest, United to ground Boeing MAX jets

Tue, 03/12/2019 - 20:32
Democratic U.S. Senator Richard Blumenthal on Tuesday asked American Airlines, Southwest Airlines and United Airlines to voluntarily ground all Boeing 737 MAX 8 and MAX 9 planes after two deadly crashes in recent months.

Kenya's president signs petroleum law outlining revenue sharing

Tue, 03/12/2019 - 20:25
Kenya's president signed on Tuesday a long-awaited petroleum bill into law to regulate oil exploration and production and outlining how revenues will be shared between the government, local communities and companies.

India to ground Boeing 737 MAX planes after Ethiopia crash

Tue, 03/12/2019 - 20:23
India is grounding U.S. planemaker Boeing Co's 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.

Expert Views: India's retail inflation picks up in February to 2.57 percent

Tue, 03/12/2019 - 20:19
India's annual retail inflation picked up in February to 2.57 percent, after easing to a downwardly revised 19-month low of 1.97 percent in January, government data showed on Tuesday.

EU suspends Boeing 737 MAX flights after Ethiopia crash

Tue, 03/12/2019 - 20:16
The European Union's aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX planes in the biggest setback yet for the U.S. planemaker following a crash in Ethiopia that killed 157 people.