Czech owners of Skoda, Volkswagen cars qualify for $23 million compensation, court says
A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW’s diesel emissions scandal, the ruling seen by Reuters said.
CEOs of some U.S. firms to meet Chinese Premier Li this week: Bloomberg
Top executives of at least five U.S. companies are scheduled to meet Chinese Premier Li Keqiang this week, Bloomberg reported on Wednesday, citing people familiar with the matter.
Macron to discuss Renault-Nissan with Japan’s Abe next week: Elysee official
French President Emmanuel Macron will discuss the situation regarding the alliance between carmakers Renault and Nissan with Japanese Prime Minister Shinzo Abe next week, said an official at Macron’s Elysee office.
Wall St. takes a breather with all eyes on Fed meeting
Wall Street’s main indexes took a pause on Wednesday, after a rally the previous day, as investors held back from making big bets ahead of the Federal Reserve’s policy statement that is expected to lay the groundwork for future interest rate cuts.
Senior U.S.-Chinese trade negotiators to confer before Trump-Xi G20 meeting
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to confer with a senior Chinese official before next week’s G20 summit in Japan where President Donald …
Sullenberger tells Congress 737 MAX pilots should get new simulator training
Chesley “Sully” Sullenberger, who in 2009 landed a US Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded 737 MAX should get new simulator training before the plane returns to s…
Oil prices little changed on U.S. inventory data, hopes for trade deal
Oil futures edged up on Wednesday as government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington and Beijing also supported prices.
Elbit eyes acquisition opportunities from Raytheon-UTC deal
Israel-based Elbit Systems on Wednesday said it would keep an eye out for possible acquisitions if the proposed merger of U.S. aerospace companies Raytheon Co and United Technologies Corp triggers certain divestments.
Airbus fights back with big name buyers after Boeing’s MAX showstopper
Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.
Global stocks, yields edge higher as investors brace for Fed
A gauge of global stock markets gained modestly on Wednesday to reach six-week highs and benchmark government bond yields rose from multiyear lows as investors awaited a decision on monetary policy from the U.S. Federal Reserve later in the session.
