U.S.-China trade talks are ‘on track’: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Thursday that trade talks with China are on track, with deputy negotiators from both countries holding a call Thursday as they actively worked toward a deal, but he said the United States is not bound to a…
U.S. trade deficit shrinks sharply; labor market tight
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a broad decline in imports hinted at a slowdown in domestic demand.
Airbus sold 222 jets in November, poised to win order race
Airbus booked orders for 222 aircraft in November, driven mainly by the Dubai Airshow, and formally recognized a cut in orders for the soon-to-be-axed A380 superjumbo following a major fleet review by Dubai’s Emirates, company data showed on Thursday….
Nissan to close U.S. operations for two days next month
Japan’s No. 2 automaker Nissan Motor Co said on Thursday its U.S. unit would halt operations for two days next month, as the company tries to reverse a slide in profitability in the country.
Boeing says delays on 737 MAX grounding could force it to halt production
Significant additional regulatory requirements or delays in returning Boeing Co’s 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in a letter seen by Reuters on Thursday.
GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
General Motors Co and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
United Airlines picks industry veteran Kirby for top job
United Airlines Holdings Inc insider Scott Kirby will succeed Oscar Munoz as chief executive officer next year as part of a transition the airline hopes will secure a growth path after some tumultuous years.
BlackRock says global active equities chief Wiseman to leave firm
Mark Wiseman, global head of active equities at BlackRock Inc , is leaving the firm following a violation of the company’s “relationships at work policy,” the world’s largest asset manager said in an internal memo on Thursday.
Wall Street dips as investors stay off big bets, eye trade talks
U.S. stocks dipped on Thursday as declines in defensive sectors such as consumer staples overshadowed gains in technology stocks, while the absence of new updates in U.S.-China trade talks kept investors on the sidelines.
Significant regulatory delays on 737 MAX grounding could force Boeing to halt production: letter
Significant additional regulatory requirements or delays in returning the 737 MAX to commercial service could cause Boeing Co to cut or temporarily halt 737 MAX production, the U.S. planemaker said in a letter seen by Reuters on Thursday.
