Loonie rallies as hotter inflation clips rate cut bets
The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation.
Southwest pilots to seek Boeing compensation for subpoena expenses
Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for “every dollar” of money spent cooperating with the U.S. Justice Department’s criminal probe into two 737 MAX crashes, its president said in a letter to pilots.
Explainer: Who pays Trump’s tariffs, China or U.S. customers and companies?
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.
Barclays names Gruber as chemicals head for Europe and Middle East: source
Barclays has named Gabriel Gruber as the new head of its chemicals banking team for Europe and the Middle East as it seeks to win more business after advising the likes of Evonik on their recent disposals, a source familiar with the matter said.
Harley-Davidson strikes deal to build smaller bike in China
Harley-Davidson Inc will partner with China’s Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark “big hogs”, making good on promises to move more production outside the United States that have angered President Donald Trump.
Factbox: Winners and losers in Trump’s trade war with China
U.S. companies in everything from computer chips to tractors have said President Donald Trump’s trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.
Oil declines as inventory data counters hopes for trade deal
Oil prices declined on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.
American Airlines confirms order for 50 Airbus A321XLR planes
American Airlines has agreed to order 50 Airbus A321XLR planes, Airbus said on Wednesday, confirming an earlier Reuters report.
Explainer: U.S. dependence on China’s rare earth: Trade war vulnerability
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
Apple says iPhones can now be fixed at all U.S. Best Buy stores
Apple Inc and Best Buy Co Inc said on Wednesday that they have extended a partnership that will allow the Minneapolis-based retailer’s technicians fix iPhones at any Best Buy store in the United States.
