U.S. economy to coast, no big boost expected from trade deal: Reuters poll
The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.
UK pay settlements slow in December, start 2020 cautiously: XpertHR
British employers offered their staff a median annual pay settlement of 2.2% in the three months to December, down from 2.6% in the three months to November, industry data showed on Thursday.
Finance wants competitiveness role for UK watchdogs after Brexit
Britain’s regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to “gold-plating” international norms, an industry think tank said on Thursday.
ECB to launch review that will redefine its mission and tools
European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it.
Commonwealth Bank of Australia’s pension arm hit with another class-action lawsuit
Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.
Boeing’s new CEO orders rethink on key jetliner project
Boeing Co’s new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX cr…
Boeing CEO expects to resume 737 MAX production before mid-year
Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.
Kinder Morgan profit, cash flow rise on Gulf Coast Express pipeline strength
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from the Permian Basin through its Gulf Coast Express pipeline.
Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter
Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its employees pension plans.
