FAA failed to properly review 737 MAX jet anti-stall system: JATR findings
An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration’s (FAA) review of a safety system on Boeing Co’s 737 MAX jet that was later tied to two crashes that killed 346 people.
Hyundai Motor, Kia Motors agree to settle U.S. engine defect lawsuits
South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Friday said they have agreed to resolve class action litigation with U.S. owners of certain vehicles over engine fire risks.
Oil prices jumps 2% after Iranian oil tanker explosion raises supply concerns
Oil prices jumped by 2% on Friday after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.
Hyundai Motor, Kia Motors settle U.S. lawsuit over engine defects
South Korea’s Hyundai Motor and Kia Motors agreed to resolve class action litigation with U.S. owners of certain vehicles equipped with Theta II gasoline direct injection (GDI) engines, the companies said on Friday.
Asian shares jump on ‘very good’ trade talks, pound edges up
Asian shares jumped on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal.
SAP to rely on strategy of continuity, new co-CEO tells broadcaster
Christian Klein, SAP’s new co-chief executive, told Germany’s’ n-tv television that the software and cloud computing giant will rely on a strategy of continuity following the departure of Bill McDermott.
For a few dollars more: global funds take on FX risk
By Saikat Chatterjee, Hideyuki Sano and Gertrude Chavez-Dreyfuss
FAA failed to properly review 737 Max jet anti-stall system: JATR report
An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration’s (FAA) review of a safety system on Boeing Co’s 737 Max jet that was later tied to two crashes that killed 346 people.
U.S.-China currency deal won’t change dollar-yuan dynamics: experts
A U.S.-China currency agreement being floated as a symbol of progress in this week’s trade talks between the world’s two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationshi…
Asian shares up as ‘very good’ trade talks boost risk appetite
Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal.
