Shares grind towards record high as China trims key rate
World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
Emirates close to finalizing part of wide-body jet order with Airbus: sources
Dubai state-owned airline Emirates [EMIRA.UL] was close to a deal on Monday to finalize at least part of a provisional order for 70 wide-body aircraft from Europe’s Airbus , industry sources said.
Nissan recalls nearly 400,000 vehicles over braking system defect
(This Nov. 16 story corrects headline to say nearly 400,000 vehicles were recalled, not 40,000)
Etihad Airways still has long way to go to become profitable: Group CEO
Abu Dhabi-based Etihad Airways still has a long way to go to become profitable, Group CEO Tony Douglas said on Monday.
UBS Chief Ermotti wants to stay until 2021: report
UBS’s Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources.
ArcelorMittal willing to re-commit to Ilva steel plant on three conditions: paper
ArcelorMittal is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday.
Kuwait’s Jazeera unhappy with Airbus delays, no plans for aircraft order this week
Kuwait’s Jazeera Airways is unhappy with delivery delays of Airbus aircraft and has no plans to place an order at this week’s Dubai Airshow, its chief executive said.
Asia shares hauled higher as China trims key repo rate
Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world’s second-largest economy.
U.S. expected to grant Huawei 90-day license extension Monday: sources
The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said.
Factbox: Ford bets Mustang muscle can sell an electric SUV
Ford Motor Co has tried and failed to generate interest in utilitarian electric vehicles such as a battery-powered Focus compact car. Now, the company is using the high-performance image of its Mustang muscle cars to sell an electric SUV. Here are som…
