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Updated: 18 hours 2 min ago

French designs on dominance of Peugeot-Fiat rest on Tavares

Wed, 12/18/2019 - 23:34
Billed as a merger of equals, PSA's $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.

Boeing 737 MAX freeze divides suppliers into haves and have-nots

Wed, 12/18/2019 - 23:25
Boeing Co's decision to suspend aerospace's biggest production line exposes contrasts in the U.S.-dominated 737 MAX supply chain, severely straining some niche machine shops while giving engine giants time to iron out their own wrinkles.

Boeing 737 MAX freeze divides suppliers into haves and have-nots

Wed, 12/18/2019 - 23:25
Boeing Co's decision to suspend aerospace's biggest production line exposes contrasts in the U.S.-dominated 737 MAX supply chain, severely straining some niche machine shops while giving engine giants time to iron out their own wrinkles.

UK bans e-cigarette ads on Instagram, other social media

Wed, 12/18/2019 - 22:40
REUTERS - Companies including British American Tobacco (BAT) will be barred from promoting e-cigarettes on Instagram and other social media sites as a result of a ruling by the UK's advertising watchdog on Wednesday.

Despite IPO flameouts, 2019 sets record for U.S. unicorn births

Wed, 12/18/2019 - 22:35
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.

Airbus sees strong sales haul this year on Asia demand, long-range A321

Wed, 12/18/2019 - 22:30
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.

Daimler agrees to $20 million settlement over U.S. vehicle recalls

Wed, 12/18/2019 - 22:11
Daimler AG's Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.

Graphic: Unstoppable palladium flirts with $2,000 for first time

Wed, 12/18/2019 - 21:46
Palladium prices are within a whisker of breaking above $2,000 an ounce for the first time, with a gaping supply deficit fuelling a remarkable run that has seen the autocatalyst metal more than quadruple in value since 2016.

U.S. files appeal into WTO system it has broken

Wed, 12/18/2019 - 21:43
The United States on Wednesday fell foul of its own actions that have weakened the World Trade Organization after it filed an appeal in a steel dispute with India, even though WTO adjudicators are no longer able to handle such a case.

Tencent taps GIC, sovereign funds to rescue Universal Music deal - sources

Wed, 12/18/2019 - 21:37
Tencent Holdings Ltd has turned to Singapore's state investor GIC and other sovereign funds to help rescue a deal to buy a stake in Vivendi's Universal Music after major buyout funds quit the negotiating table, sources said.

Global regulator ratchets up pressure on banks and markets to ditch Libor

Wed, 12/18/2019 - 21:33
Pressure on banks and financial markets to ditch the tarnished Libor interest rate by the end of 2021 will increase next year as a global watchdog scrutinises progress in switching to new pricing benchmarks.

Bank of England to check with banks in 2020 on ending Libor use

Wed, 12/18/2019 - 21:32
Bank of England Deputy Governor Sam Woods said on Wednesday he would meet banks in the first quarter of 2020 to check on whether regulations are hampering their ability to ditch the use of the Libor interest rate benchmark.

Boeing, suppliers slip as Wall Street counts MAX halt costs

Tue, 12/17/2019 - 22:46
Shares of Boeing Co and its global suppliers fell further on Tuesday as analysts began to tally the cost of the U.S. planemaker's decision to suspend production of 737 MAX jets in January, its biggest assembly-line halt in more than two decades.

How the 737 MAX production freeze affects airlines across the globe

Tue, 12/17/2019 - 22:46
Boeing Co has decided to suspend production of its best-selling 737 MAX model from January, the plane maker's biggest assembly-line halt in more than 20 years, as repercussions from two deadly crashes drag into 2020.

Boeing's production pause will not end 737 Max cash burn - analysts

Tue, 12/17/2019 - 22:46
Boeing Co is expected to continue burning cash despite pausing production of its 737 MAX jet, as it will leave its workforce intact and likely provide support to suppliers, analysts said.

Timeline: Boeing's changing schedule for 737 MAX fix, return to service

Tue, 12/17/2019 - 22:46
Boeing Co said on Monday it would suspend production of its best-selling 737 MAX jetliner in January, the firm's biggest assembly-line halt in more than 20 years, as repercussions of two fatal crashes of the now-grounded aircraft drag into 2020.

Wall Street hovers near record levels supported by strong economic data

Tue, 12/17/2019 - 22:45
U.S. stocks hovered around record levels on Tuesday after a four-day rally, as investor confidence in the U.S. economy was reinforced with upbeat manufacturing and housing data.

EU executive urges euro zone to use fiscal policy to help ECB

Tue, 12/17/2019 - 22:42
The European Commission called on euro zone governments on Tuesday to use fiscal policy and to invest in their economies, if possible, to help the European Central Bank's efforts to boost inflation and job creation.

Trump plans to attend annual Davos economic forum -source familiar with the plan

Tue, 12/17/2019 - 22:30
U.S. President Donald Trump plans to attend the annual Davos economic forum in January, a source familiar with the plan said on Tuesday.

U.S. job openings rise from 18-month low in October

Tue, 12/17/2019 - 22:27
U.S. job openings rebounded from an 18-month low in October and layoffs declined sharply, which could ease some fears that demand for workers was ebbing.

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