Spirit says working with Airbus, trade representatives on tariff impact
Spirit Airlines said it is working with Airbus SE and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not see a near term impact on its overall cost structure.
FCA pays up to keep its Jeep brand on CR7 Juve jersey
Italian-American carmaker Fiat Chrysler more than doubled the value of a jersey sponsorship deal with Juventus in a sign of increasing support from the Agnelli family for Italy’s football champions.
American, Southwest profits rise even as 737 MAX impact swells
American Airlines Group and Southwest Airlines posted quarterly profit rises on Thursday even as the two U.S. carriers pointed to rising impact from the continued grounding of Boeing 737 MAX.
Rosneft says switched contracts to euros from dollars amid U.S. sanctions
Russia’s largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its chief executive Igor Sechin said on Thursday.
Wall Street mixed after earnings reports; Twitter plunges
A rise in shares of Microsoft and PayPal boosted the Nasdaq on Thursday, but poor earnings reports from Twitter and 3M dragged down the S&P 500 and Dow Jones indexes, taking the shine off what has been an upbeat earnings season so far.
Oil edges higher, but weak demand outlook weighs
Oil prices climbed on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand.
U.S. new home sales dip in September; prices fall
Sales of new U.S. single-family homes fell in September as low inventories continue to weigh on sales even as prices saw the biggest monthly fall in five years.
Draghi defends legacy as ECB keeps money taps on
European Central Bank President Mario Draghi defended his ultra-easy monetary policy stance on Thursday as his eight-year tenure at the bank closes in exactly the same place he started: trying to prop up a perpetually ailing currency bloc.
ECB’s Draghi welcomes German nominee Schnabel
European Central Bank President Mario Draghi on Thursday praised Germany’s nominee for the executive board Isabel Schnabel as an excellent economist who would enhance discussions at the bank.
Oil rises further above $61, but weak demand outlook weighs
Oil edged further above $61 a barrel on Thursday as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset concern over the outlook for demand.
