American Airlines says FAA approval of two Boeing aircraft on hold due to govt. shutdown
American Airlines Group Inc on Monday said the Federal Aviation Administration’s (FAA) approval of two Boeing MAX 8 aircraft is on hold due to the U.S. government shutdown.
Wall Street opens lower after Citi results, China trade data
U.S. stocks opened lower on Monday in broad-based declines after Citigroup posted an unexpected fall in revenue, adding to fears of a sharper slowdown in global economic growth that resurfaced after data showed an unexpected drop in China’s trade.
Citigroup reports surprise drop in quarterly revenue, shares fall
Citigroup Inc reported a surprise drop in quarterly revenue on Monday, as extreme volatility in financial markets toward the end of the year hurt its fixed-income trading business.
PG&E prepares bankruptcy filing after California wildfires
PG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California’s catastrophic wildfires in 2017 and 2018.
ACWA considers supporting solar panel manufacturing in Saudi
ACWA Power is considering supporting the manufacturing of solar panels in Saudi Arabia, its chief executive said, as the power and water plants developer seeks to facilitate Saudi Arabia’s plans to develop its renewable power industry.
Citigroup adjusted profit rises 14 percent on lower expenses
Citigroup Inc reported a 14 percent rise in adjusted quarterly profit on Monday, as lower expenses offset a decline in revenue in its fixed income business.
Top U.S. utility PG&E says it is preparing bankruptcy filing
PG&E Corp , the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
China trade shock hits global stocks, commodities
Global stock markets and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world’s second-largest economy and sparked fears of a sharper slowdown in global growth.
Newmont to become largest gold producer with $10 billion Goldcorp buy
Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.
Brazil government nominates three new Petrobras board members amid accusations of meddling
Brazil’s government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.
