Oil edges higher on cuts to Saudi exports
Oil prices edged higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the U.S. government reduced its forecast for domestic crude output growth.
U.S. airlines stand by 737 MAX as some customers, nations reject it
The three U.S. airlines using Boeing Co’s 737 MAX continued to stand by the aircraft on Tuesday, even as some customers, unions and politicians questioned its safety after an increasing number of countries banned the plane following a deadly crash in E…
Russia’s S7 Airlines grounds Boeing 737 Max 8 planes
Russian S7 Airlines said on Monday it would ground Boeing 737 Max 8 airlines starting from Wednesday following the crash of an Ethiopian Airlines plane.
S&P 500, Nasdaq gain after tame inflation data; Boeing weighs on Dow
The S&P 500 and Nasdaq rose on Tuesday after tame inflation data supported the Federal Reserve’s dovish stance on rate hikes, but the Dow was down as Boeing’s shares extended sharp losses from the day before.
Stocks rise on tame U.S. inflation, dollar eases
A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on U.S. inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing shares slid for a second day.
Wells Fargo CEO avoids major stumble at heated congressional hearing
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan firmly on the defensive.
UAE bans operation of Boeing 737 MAX models: WAM
The United Arab Emirates’ General Civil Aviation Authority (GCAA) banned the operation of all Boeing 737 MAX models in UAE airspace, Emirates News Agency (WAM) said on Tuesday.
Trump spoke to Boeing CEO after tweets about airplane safety: source
U.S. President Donald Trump spoke to Boeing Co’s chief executive, Dennis Muilenburg, on Tuesday, a source familiar with the matter said, after Trump posted comments on Twitter questioning whether airplanes have become too complex to fly safely.
Wirecard puts accounting manager on leave until probe ends: CEO
Wirecard has suspended an accounting employee in Singapore until an investigation into allegations of fraud and creative accounting is over, the company’s chief executive told Reuters on Tuesday.
U.S. senator asks American, Southwest, United to ground Boeing MAX jets
Democratic U.S. Senator Richard Blumenthal on Tuesday asked American Airlines, Southwest Airlines and United Airlines to voluntarily ground all Boeing 737 MAX 8 and MAX 9 planes after two deadly crashes in recent months.
