OPEC supply squeeze seen supporting higher oil prices: Reuters survey
Oil prices are likely to stay buoyant this year as the U.S. decision to end waivers on Iranian oil and OPEC output curbs are expected to keep supply tight, a Reuters survey showed on Tuesday.
Vegan burger maker Beyond Meat raises price range in upsized IPO
(This April 30 story corrects first paragraph to say company will debut on Thursday, not Wednesday.)
Eli Lilly cuts revenue forecast, shares fall
U.S. drugmaker Eli Lilly and Co cut its full-year revenue forecast on Tuesday, as it predicted further hits from price declines in the United States and increased generic competition for drugs including erectile dysfunction treatment Cialis.
Senior China diplomat says trade talks with U.S. have made ‘much positive progress’
Trade talks between China and the United States to date have achieved “much positive progress,” a senior Chinese diplomat said on Tuesday, as senior U.S. officials have arrived in Beijing for the latest round of talks.
SAS stock hit by DnB downgrade as pilot strike enters fifth day
DnB Markets lowered its rating on SAS as a pilot strike stretched into its fifth day with no resumption of talks in sight, sending the Scandinavian airline’s shares down on Tuesday.
Strike-hit airline SAS cancels 504 flights on Wednesday
SAS said it was cancelling 504 flights scheduled for Wednesday, affecting about 47,000 passengers, as much of its fleet remained grounded for a fifth day on Tuesday due to a pilot strike at the Scandinavian airline.
Southwest Airlines loses top spot in passenger satisfaction, even as others gain
Southwest Airlines Co, the biggest user of Boeing Co’s 737 MAX jets that were grounded worldwide following two fatal crashes, dropped two places from the top in terms of passenger satisfaction in 2019, a survey by the American Customer Satisfaction Ind…
Fiat Chrysler picks Google, Samsung for global connected car system
Fiat Chrysler said on Tuesday it will use technology from Alphabet Inc’s Google and Samsung to connect all its vehicles by 2022, providing music and video and facilitating future car-sharing and self-driving capabilities.
Pariah no more? Greece needs big bond investors to seal its comeback
By Dhara Ranasinghe, Abhinav Ramnarayan and Lefteris Papadimas
Mnuchin hopes for ‘substantial progress’ in China trade talks
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he hopes to make “substantial progress” with Chinese negotiators in the next two rounds of trade talks, as the world’s two largest economies look for ways to end their bruising trade war.
