Safe-haven currencies slip as China virus worries ebb
The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Toyota recalls 361,000 vehicles for air bag inflator issue
Toyota Motor Corp said on Wednesday it is recalling 361,000 older vehicles worldwide for potentially defective air bag inflators.
Fiat Chrysler CEO: Peugeot merger talks progressing well
Fiat Chrysler’s chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months.
Philly refinery sale draws $240 million winning bid from real estate developer
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.
S&P, Nasdaq hit new highs on waning China virus fears, earnings
The S&P 500 and the Nasdaq hit fresh all-time highs at the open on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM.
Air Canada to not fly the MAX until June 30
Air Canada said on Wednesday it has removed Boeing’s 737 MAX from its flight schedule until June 30, 2020, a day after the U.S. planemaker warned the grounded jet would not win regulatory approval until mid-year.
Stocks shake off China virus worries, dollar stays strong
World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Wall Street pegs Boeing’s 737 MAX bill at more than $25 billion
Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
PSA not sure if engines it delivered to Mitsubishi are part of German probe
French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018 are part of a probe in Germany.
Baker Hughes profit misses estimates as LNG equipment demand wanes
Oilfield services provider Baker Hughes Co on Wednesday posted lower-than-expected earnings, hit by lower sales and orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.
