KLM signs preliminary deal for 15 Embraer E195-E2 planes
Brazilian planemaker Embraer SA said on Wednesday that Dutch airline KLM had signed a letter of intent to buy 15 of its E195-E2 planes and taken out options to potentially buy another 20.
Renault CEO Bollore has no plans to reduce Nissan stake
Cutting its stake in alliance partner Nissan is not on Renault’s agenda, the French carmaker’s chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi.
Sanofi plans 466 job cuts as part of R&D reshuffle
Sanofi on Wednesday said a reorganization of its research and development operation in Germany and France would result in 466 job cuts in the two countries.
Deutsche Bank seeks to shed risky assets as part of overhaul: sources
Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is trying to overhaul its business and revive profitability.
U.S. trade chief expects to meet China’s vice premier ahead of G20
The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.
Explainer: U.S.-China trade war – the levers they can pull
The trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.
Explainer: Will China dump U.S. bonds as a trade weapon? Not so fast
The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the tariffs the Trump administration has imposed …
Factbox: U.S. companies warn on Trump’s tariffs
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China will hit their profits.
Wall St. pauses with Fed meeting in focus
Wall Street’s main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve’s policy statement that is expected to open the door to future interest rate cuts.
Airbus fights back with big name buyers after Boeing showstopper
Airbus sealed plane deals with industry heavyweights Bill Franke and American Airlines on Wednesday, bouncing 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.
