Exclusive: U.S. airlines expect Boeing 737 MAX jets need up to 150 hours of work before flying again
Once regulators approve Boeing Co’s grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters.
Exclusive: Operator of Venezuelan PDVSA’s fleet seeks to detain tankers: document, sources
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources clos…
Trade, global growth worries slam Wall Street
U.S. stock indexes slumped 2% on Thursday, as investors dumped technology, industrial and energy stocks on fears that a spiraling trade war between the United States and China would shackle global growth.
U.S. farmers to receive $14.5 billion in direct trade aid payments
The U.S. Department of Agriculture said on Thursday that farmers will receive $14.5 billion in direct payments as part of a $16 billion aid package designed to offset the financial pain from trade disputes with China and other nations.
Musk’s leaked email shows Tesla to make record deliveries in second quarter
Tesla Inc is on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an internal email from Chief Executive Officer Elon Musk to staff.
U.S. FAA meets with air regulators on fate of Boeing 737 MAX
The Federal Aviation Administration is meeting with international air regulators from around the world on Thursday to determine what is needed to return the grounded Boeing Co 737 MAX to return it to service.
Wall Street tumbles over 1% on trade, growth fears
U.S. stock indexes fell more than 1% on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth.
Shares slide on fear trade spat is now a tech cold war
World shares skidded further on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies, leading oil prices to plunge and strengthening the dollar.
Novartis CEO says data quality, lagging innovation crimp China M&A
Novartis Chief Executive Vas Narasimhan said takeover targets in China for global pharmaceuticals groups are scarce due to few novel drugs, data quality fears and lagging regulatory standards in the most-populous country.
U.S. home sales, manufacturing stumble; labor market strong
Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in nearly a decade in May, pointing to a slowdown in economic activity.
