Exclusive: Mexican central bank in talks with Amazon about new mobile payments
Mexico’s central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank’s head of payments said.
Delta dangles future order for 200 jets, considering Alitalia investment
Delta Air Lines fueled the appetite of planemakers on Tuesday after Chief Executive Ed Bastian said the airline planned to replace some 200 Boeing 757 and 767 aircraft over the next decade.
BMW wants clear guidance from Mexico government for investment plans
German carmaker BMW, which is building its first plant in Mexico, is looking for clear signs from the new government of President Andres Manuel Lopez Obrador that would guarantee stability to invest in the country, a top executive said.
Jeans maker Diesel USA files for bankruptcy
Diesel USA Inc, the denim and accessory brand known for its jeans, filed for bankruptcy on Tuesday, blaming mounting losses, a sales plunge, expensive leases and cyber fraud.
Trump moves to scrap trade privilege for India, Delhi plays down impact
U.S. President Donald Trump looked set to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
GE sees industrial cash flow negative in 2019
General Electric Co on Tuesday forecast an outright fall in free cash flow from its industrial business this year on the back of continuing weakness in its power unit, sending shares in the company spinning 8 percent lower.
Tesla blames misprinted label for China customs hiccup
Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels.
Chevron, Exxon take turns wooing investors with shale boasts
The two biggest U.S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side.
Suits and ties now optional, Goldman Sachs hedges dress code
Goldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm’s leagues of monk-shoed partners and bankers in bespoke suits.
Wall Street flat as focus on trade dulls upbeat outlook from retailers
U.S. stocks struggled for direction on Tuesday, as a lack of fresh cues on U.S.-China trade negotiations curbed investor appetite despite upbeat profit forecasts from retailers.
