Honeywell profit beats on higher demand for aircraft parts
Honeywell on Friday reported a higher-than-expected quarterly profit as it sold more aircraft parts and services to business jet and commercial airline customers, prompting the company to raise its 2018 earnings forecast for the third time.
U.S., euro zone growth readings to tell story of divergence
The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlantic.
Trump ready to put tariffs on $500 billion of Chinese imports, CNBC reports
U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.
Merkel says U.S. auto tariffs a threat to the prosperity of many
German Chancellor Angela Merkel said on Friday she thought U.S. tariffs on imported cars would be against World Trade Organisation rules and endanger the prosperity of many people.
Merkel says ThyssenKrupp structure is a commercial matter
The structure of German submarines-to-lifts conglomerate ThyssenKrupp is a commercial matter, Chancellor Angela Merkel said on Friday.
Boeing would be ‘thrilled’ with role on new UK fighter-defence CEO
Boeing Co , the world’s largest planemaker, would be “thrilled” to participate in a new British fighter jet programme, the company’s defence chief said, although she said Britain still needed to clarify details about the project.
Sliding yuan hits world stock markets, stokes trade war fears
The Chinese yuan slid to its lowest in more than a year on Friday, further undermining global sentiment and stoking worries Beijing’s currency management could be the next flash point in a trade dispute with the United States.
Swiss regulator: Rothschild Bank AG broke anti-moneylaundering rules in 1MDB case
Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland’s financial regulator said on Friday.
China’s stock, yuan rebound drives Asian markets higher
Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China’s stocks recovered sharply and the yuan bounced from a one-year low with market participants suspecting state support for the currency.
SoftBank’s Vision Fund to invest $1 billion in China AI startup: Bloomberg
SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.
