Yuan soars, yen falls as U.S. drops China forex manipulator label
The Japanese yen plumbed eight-month lows while China’s yuan climbed to its highest level since July on Tuesday as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Ryanair says could start getting Boeing 737 MAX by April
Ryanair could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing by April, Chief Marketing Officer Kenny Jacobs said on Tuesday, but cautioned the timing was dependent on regulators.
Lyft forms advisory council to improve platform safety
Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday.
BlackRock takes tougher stance on climate after activist heat
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change, marking a significant shift in the public stance of the world’s biggest investment manager amid mounting concerns about global warming.
Ford invests $82 million to expand Vietnamese plant
Ford Motor Co said on Tuesday it is investing $82 million to expand its plant in northern Vietnam to boost production capacity.
BlackRock warns of backlash against firms delaying climate action
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth.
Rally hits the buffers ahead of U.S.-China trade deal
Europe’s markets were struck by a bout of weakness on Tuesday, as traders cashed in on recent record highs and waited for a long-awaited U.S.-China trade deal and the first flurries of the Wall Street earnings season.
Yuan soars, yen falls as U.S. drops China FX manipulator label
The Japanese yen plumbed eight-month lows while China’s yuan climbed to its highest level since July on Tuesday as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Ahead of Bezos visit, India antitrust chief says e-commerce firms shouldn’t offer heavy discounts
Big e-commerce firms should not offer steep discounts, must disclose discounting policies and ensure they do not drive brick-and-mortar rivals out of business, India’s antitrust chief said as his commission launched a probe into Amazon.com and Walmart’…
UK’s Johnson says Huawei critics need to suggest alternatives
British Prime Minister Boris Johnson said those opposed to the use of equipment made by China’s Huawei in the UK’s new 5G networks need to say what alternative technology should be used instead.
