Boeing records zero new MAX orders following global groundings
Boeing Co’s orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes.
Oil drops on global growth worry, possible output rise
Oil prices edged lower on Tuesday, slipping off five-month highs after the International Monetary Fund cut its global economic growth forecasts and as Russia signaled it may retreat from its production-cutting deal with OPEC.
Wall Street falls on renewed trade tensions, slowdown angst
Wall Street lost ground on Tuesday as tariff tensions between the United States and its European trading partners went from simmer to boil and the IMF cut its global growth outlook.
Wynn ends A$10 billion acquisition talks with Australia’s Crown Resorts
Wynn Resorts Ltd, the world’s No. 2 casino operator, said on Tuesday it scrapped preliminary talks to acquire Crown Resorts Ltd for A$10 billion ($7.1 billion), after the Australian Financial Review broke news of the negotiations.
More than 100 dismissed in Airbus compliance crackdown: sources
Airbus dismissed more than 100 people and issued more than 300 warnings for ethics or compliance reasons in 2018, two people familiar with the company data said, as it conducts a wide-ranging internal crackdown and deals with outside fraud probes.
Wall Street falls as trade, global growth concerns resurface
U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF’s global growth forecast fanned worries of a slowdown.
Oil falls from five-month highs as Russia signals output increase
Oil prices fell on Tuesday, slipping from five-month highs as Russian comments indicating a possible easing from its production-cutting deal with OPEC overshadowed the prospect that violence in Libya could further tighten global markets.
Berlin reveals contacts with Deutsche Bank amid merger talks
Deutsche Bank’s Chief Executive had a series of meetings with Germany’s deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government.
In new attack, Trump threatens more tariffs against European Union
U.S. President Donald Trump on Tuesday threatened to impose U.S. tariffs on $11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute and opening a new front in his global trade war.
H&M limits free deliveries for low-spending loyalty club members
Fashion retailer H&M has reintroduced delivery fees for its core brand’s loyalty club members on small online orders to cut logistics costs and help restore group profitability.
