British Steel situation is ‘very difficult’: environment minister
The situation at British Steel, which is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, is “very difficult”, Britain’s environment minister said on Wednesday.
Daimler says all costs under scrutiny after moderate start to 2019
Daimler’s outgoing chief executive said on Wednesday that all of the luxury carmaker’s costs were under review as he expressed dissatisfaction with the group’s profitability as it invests heavily in electric cars.
Chinese airlines seek Boeing compensation over 737 MAX grounding
China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
After Huawei, U.S. could blacklist Chinese surveillance tech firm: media
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed.
China says opposes U.S. trying to smear Chinese firms
China’s Foreign Ministry said on Wednesday that China opposes the United States smearing Chinese companies, after media reports that the U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision.
Oil prices drop on swelling U.S. stockpiles, but markets remain tense
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.
Chinese airlines seek Boeing compensation over 737 MAX grounding: state TV
China’s three biggest airlines have requested compensation from U.S. planemaker Boeing Co for losses incurred by the grounding and delayed deliveries of 737 MAX jets, as regulators gather to discuss design changes for the troubled aircraft.
Asia stocks grapple with trade anxiety even as Huawei gets reprieve
Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies.
In Fed policy review, labor may finally win out over inflation
At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough.
Fed may cut rates if inflation keeps disappointing: Bullard
Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.
