Bond bulls boosted as trade tensions send recession signals
With no sign Sino-U.S. trade tensions will let up and fears of an Italy-European Union confrontation growing again, the global bond rally accelerated on Wednesday, as investors dumped shares and scurried for the safety of German and U.S. government deb…
Exclusive: Arbitration court rejects India’s plea in case against Nissan – sources, document
The Permanent Court of Arbitration in Singapore has rejected India’s argument that the court does not have the jurisdiction to rule on a case brought against India by Japan’s Nissan Motor, according to two people and documents reviewed by Reuters.
VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten
German prosecutors are investigating the chief executive of Volkswagen’s Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday.
Boeing 737 MAX may not return to service until August: IATA head
Boeing Co’s 737 MAX is unlikely to return to service before August, the head of the International Air Transport Association (IATA) said on Wednesday, adding that the final say on the timing rested with regulators.
Airbus cheers 50th anniversary with flypast but little swagger
Airbus prepared on Wednesday to celebrate its 50th anniversary with a private flypast for staff at its Toulouse base and low-key publicity as a new management seeks a break with the company’s turbulent and theatrical past.
ArcelorMittal makes deeper cuts to steel production in Europe
ArcelorMittal, the world’s largest steelmaker, cut steel production in its main market, Europe, for the second time this month, blaming weak demand and high imports.
Nissan’s Infiniti brand to move back to Japan from Hong Kong: document
Nissan Motor Co’s premium brand Infiniti is relocating its headquarters back to Japan from Hong Kong, its home since 2012, to create “more operational efficiencies” with its parent company, according to a document seen by Reuters on Wednesday.
Airline group to hold summit on Boeing 737 MAX return in five-seven weeks: IATA head
The International Air Transport Association (IATA) will organize a summit with airlines, regulators and manufacturers in 5 to 7 weeks to discuss what is needed for the Boeing Co 737 MAX to return to service, the airline group’s head said on Wednesday.
Global recession fears hit stocks, bonds rally
Asian shares fell on Wednesday and bonds rallied as investor sentiment soured over growing worries about world growth with trade tensions between the United States and China showing no signs of easing.
Strategists see Wall Street moving higher despite trade war risks: Reuters poll
U.S. stocks will build on this year’s already strong gains over the rest of 2019 despite growing U.S.-China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists.
