Oil steadies in rebound after jitters over economic outlook, U.S. inventories
Oil futures rebounded on Thursday, reversing losses earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session gave way to modest hopes for progress in resolving the U.S.-China trade war.
Airbus plant in Alabama spared fallout from U.S. tariffs
Alabama aerospace workers won an unexpected reprieve from escalating trade tensions on Wednesday when the United States spared an Airbus plant in the state from the impact of tariffs against the European planemaker – at least for now.
U.S. panel probing 737 MAX seeks to interview Boeing engineer: Bloomberg
A U.S. panel has asked Boeing Co to make a company engineer available for an interview regarding an internal ethics complaint the engineer filed that raised questions about Boeing’s safety culture, Bloomberg reported on Wednesday.
U.S. widens trade war with tariffs on European planes, cheese, whisky to punish subsidies
The United States on Wednesday said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies.
Asian stocks tumble after U.S. announces tariffs on Europe
Asian stocks, already under pressure from growing global growth fears, tumbled on Thursday after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from th…
Troubles with Tesla’s automated parking feature summon safety regulators
U.S. regulators are looking into parking lot crashes involving Tesla Inc cars driving themselves to their owners using the company’s Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
Investors keep their faith in Hong Kong markets despite protests
As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in another part of the city were busy taking in billions for the public float of the Asia unit of the world’s largest brewer.
Exclusive: Morgan Stanley, Goldman Sachs poised to lead Airbnb’s listing – sources
Short-term home rental company Airbnb Inc is set to hire Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday.
GoPro cuts second-half outlook citing Hero8 shipment issues
GoPro Inc on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares.
U.S. widens trade war with tariffs on Airbus planes, French cheese, Scotch whisky
The United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies.
