Airbus flies to record highs after latest Boeing blow
Airbus’ shares rose to record highs on Wednesday, after its U.S. arch rival Boeing warned of new issues with the Boeing 737 MAX plane.
Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 – sources
Bank of America Corp will recruit about 50 bankers for its investment banking team in Asia this year, as it pushes to bolster its dealmaking business and shore up revenues from the unit, three people with direct knowledge of the matter said.
Cathay says crew can wear masks on all flights due to new coronavirus
Hong Kong’s Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through Feb….
Powered by SUVs, Hyundai turns in best quarter since early 2017
Hyundai Motor Co turned in its best quarterly operating profit in over two years and said it was on track for higher profit margins in 2020, powered by more sales of sport-utility vehicles (SUVs) such as the Palisade and Kona.
Five facts about new Sainsbury’s CEO Roberts
Simon Roberts has been appointed to replace Mike Coupe as the boss of Britain’s second-largest supermarket group Sainsbury’s .
Daimler 2019 profit down by half, diesel scandal weighs
German luxury car maker Daimler on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric vehicles and production issues weighed on earnings.
Ghosn’s right-hand man stands high chance of acquittal in Japan: ex-prosecutor
A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said.
Boeing eyes developing Israeli technology for light aircraft
Boeing Co said on Wednesday it has agreed with Israel-based Tactical Robotics to explore development of a ducted fan propulsion technology with potential uses for piloted and autonomous light aircraft.
Daimler 2019 profit down by half on additional expenses
German luxury car maker Daimler on Wednesday warned that its 2019 earnings before interest and tax slumped to 5.6 billion euros ($6.2 billion) from 11.1 billion euros a year earlier.
BlackRock, partners eye initial $500 million for climate fund
A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.
