Wall Street climbs with tech; Boeing off day’s lows
U.S. stocks jumped on Monday after five straight sessions of declines, led by gains in technology shares, but a fall in the shares of the world’s largest planemaker after a fatal crash in Ethiopia limited gains on the Dow.
Insurers face large claims after second Boeing 737 MAX crash
Boeing Co’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.
Stocks rise in broad rally, Treasury yields gain
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
Germany confirms Deutsche-Commerzbank merger talks, some investors wary
German Finance Minister Olaf Scholz on Monday confirmed that the country’s two largest publicly listed banks – Deutsche Bank and Commerzbank – were exploring a possible merger.
Malaysia may have to review Boeing 737 Max orders: Nikkei
Malaysia may have to reconsider the purchase of 25 Boeing Co 737 MAX 8 aircraft, the Nikkei reported on Monday, citing the country’s economic affairs minister, after the second fatal crash of the planemaker’s newest jet in less than six months.
Airlines fly Boeing 737 MAX 8 after crash despite China grounding
Airlines from North America to the Middle East kept flying the 737 MAX 8 on Monday after Boeing said it was safe, in stark contrast with a slide in the planemaker’s shares on worries over Sunday’s Ethiopian Airlines crash that killed all 157 on board.
Trump budget proposes subsidy cuts to farmers as they grapple with crisis
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades due to depressed commo…
Southwest customers raise queries on Boeing’s 737 MAX 8 planes
Southwest Airlines Co said on Monday several customers sought to know if they would be flying in Boeing Co’s 737 MAX 8 aircraft, in the wake of the second deadly crash involving the jet in less than six months.
Euronext extends Oslo Bors takeover offer on same terms
European exchange group Euronext on Monday extended its offer for Oslo Bors, while keeping the terms unchanged, as its battle with Nasdaq for control of Norway’s stock market operator escalates.
Royal Air Maroc grounds Boeing 737 MAX 8 after Ethiopian crash
Morocco’s national carrier Royal Air Maroc has temporarily grounded a Boeing 737 MAX 8 following the fatal crash of the same type of aircraft in Ethiopia, an official said on Monday.
