IAG orders 14 A321XLRs for Aer Lingus and Iberia
IAG on Monday ordered 14 of Airbus’ new long-range version of the A321 passenger jet for its Irish Aer Lingus and Spanish Iberia airlines in order to boost their transatlantic routes, the company said on Tuesday.
Explainer: ‘Stablecoins’ in the spotlight as Facebook unveils Libra cryptocurrency
The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstr…
Facebook takes aim at e-commerce with Libra cryptocurrency
Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.
Loonie little changed, pares earlier drop as oil price rallies
The Canadian dollar was little changed on Tuesday, paring earlier losses after slipping to a two-week low against the greenback, as a rally in oil prices offset domestic data showing an unexpected drop in April manufacturing sales.
Exclusive: U.S. seen open to mechanism to end aircraft subsidy spat – sources
The United States is expected to be open to negotiations on an “enforceable mechanism” that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said.
Kellogg to cut jobs, take $35 million pretax hit on North America unit revamp
Kellogg Co said on Tuesday it would cut about 150 jobs and take a $35 million hit to trim its North American operations following the sale of Keebler biscuits and a handful of other brands for $1.3 billion in April.
Wall St. opens at six-week high on hopes of dovish Fed
U.S. stocks opened at their highest level in six-weeks on Tuesday, with Nasdaq leading the charge, as dovish calls from the European Central Bank raised expectations of a similar accommodative stance from the Federal Reserve.
Kellogg to take $35 million pretax hit on North America unit revamp
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets.
News Corp exploring potential sale of News America Marketing business
Wall Street Journal-owner News Corp said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale.
Wall Street set to open higher on hopes of accommodative Fed
Wall Street’s main indexes were set to open higher on Tuesday, as more dovish calls from the European Central Bank lifted expectations of a similar accommodative stance from the Federal Reserve.
