Emerging market woes mount as dollar hits the boosters
A rebound in Chinese shares and a rally in Italian bonds failed to keep Europe’s spirits up on Tuesday, as a renewed burst of dollar strength and news South Africa had slumped into recession ramped up the pressure on emerging markets again.
Lockheed to make wings for F-16 jet in India with partner Tata
Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday.
Lockheed to build F-16 wings in India with Tata
Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday.
JD.com shares dip after CEO’s arrest and release
Chinese retailer JD.com Inc’s stock fell nearly 3 percent in premarket trading on Tuesday after the firm’s CEO was arrested in the United States on suspicion of criminal sexual conduct and later released.
With drugs pipeline in focus, Bayer considers job cuts: source
Bayer is considering job cuts and outsourcing as part of a wide-ranging review of drug research and development that will last until at least November, a person familiar with the company told Reuters.
Factbox: Challenges facing German pharmaceutical company Bayer
Bayer is considering job cuts and outsourcing as part of a wide-ranging review of drug research and development that will last until at least November, a person familiar with the company told Reuters.
Finnair hires Nordea banker as new boss
Finland’s state-controlled airline Finnair has turned to the financial world for its new chief executive, appointing Nordea Bank’s Topi Manner to take the role from January.
Air France-KLM in deal with Dutch pilots, averting possible strike action
The Netherlands pilots’ union said on Tuesday it has reached agreement on a new deal with Air France-KLM over working hours, removing the threat of strike action later this year.
Dollar shifts up through the gears, EM currencies skid again
A rebound in Chinese shares and a rally in Italian bonds bolstered Europe’s spirits on Tuesday, though the pressure remained firmly on emerging market currencies as the dollar shifted up through the gears again.
Oil prices jump as Gulf of Mexico rigs evacuated
Oil prices rose on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.
