Singapore, Australia, China, Indonesia ground Boeing’s 737 MAX 8 as concerns mount
Singapore and Australia suspended operations of all Boeing 737 MAX aircraft in and out of their airports on Tuesday, and Indonesia and China grounded their fleets of the U.S. planemaker’ s latest model after it suffered a second fatal crash in less tha…
Australia suspends Boeing 737 MAX flights
Australia’s civil aviation safety authority suspended Boeing Co 737 MAX aircraft from flying to or from Australia, following fatal crashes involving the U.S. planemaker’s latest model in Indonesia and Ethiopia.
Oil rises as Saudi deepens OPEC supply cuts, but U.S. surge caps gains
Oil prices rose on Tuesday, as OPEC’s de facto leader Saudi Arabia appeared to deepen the group’s supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global economy.
Nissan, Renault retool alliance board structure in wake of Ghosn’s ouster
Japan’s Nissan Motor Co and France’s Renault SA on Tuesday unveiled a new board structure for their alliance that will see the chairman of Renault serve as a director of Nissan.
Oil edges up on OPEC’s supply cuts, but U.S. surge caps gains
Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC, although the gains were capped by the ongoing surge in U.S. supply while analysts warned of risks to the global economy.
Worried about next downturn? U.S. credit funds may offer early clues
It seemed like an opportunity a lender would not want to miss.
Malaysia to decide fate of Malaysia Airlines ‘soon’, PM says
The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAB), Prime Minister Mahathir Mohamad said on Tuesday.
Ghosn ‘disappointed’ at ban from Nissan meeting, wants to fulfill duties
Former Nissan Motor Co boss Carlos Ghosn said he was disappointed that a Tokyo court had rejected his request to attend the car maker’s board meeting on Tuesday, and that he was still willing to carry out his duties as a board member.
Pound soars, Asian shares rally after Brexit deal changes
The pound jumped and Asian shares rallied on Tuesday after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.
Results of Ethiopian crash investigation needed before conclusions drawn: IATA head
International Air Transport Association (IATA) Director General Alexandre de Juniac said on Tuesday the results of an investigation into a deadly Ethiopian Airlines crash were needed before any conclusions were drawn on the incident.
