Britain inks multi-billion pound Boeing deals
FARNBOROUGH, England (Reuters) – Britain announced on Monday the completion of multi-billion dollar deals with Boeing to buy nine P-8A Poseidon maritime patrol planes and to upgrade 50 Apache helicopters.
GE Aviation sees no need for further jet production increases
LONDON (Reuters) – GE Aviation sees no need for further increases in planned jetliner production, the aero-engine maker’s chief executive David Joyce said at the Farnborough Airshow on Monday.
Wal-Mart offers ‘free shipping with no minimum’ to tackle Amazon’s Prime Day
(Reuters) – Wal-Mart Stores Inc will offer free shipping with no minimum purchase on all online orders for five days starting on July 11, stepping up its battle against Amazon.com Inc’s highly publicized shopping event “Prime Day”.
Airbus set for Virgin, Germania order boosts at Farnborough
FARNBOROUGH, England (Reuters) – Airbus is set to announce a key order for 8-10 of its biggest twin-engined model, the A350-1000, from Virgin Atlantic after beating Boeing to a scarce order for big jets as economic and political uncertainties overshad…
Exclusive: AirAsia eyes HK listing as it expands in North Asia
FARNBOROUGH, England (Reuters) – AirAsia is studying a dual listing in Hong Kong, part of plans to become a pan-Asian low-cost airline player as it also moves toward setting up a joint venture in China, people familiar with the matter said on Sunday.
Boeing exec opposes Iran licenses for others if its deal blocked
FARNBOROUGH, England (Reuters) – The head of Boeing Commercial Airplanes said on Sunday that U.S. suppliers to Europe’s Airbus and other planemakers should not be able to get licenses to sell their wares to Iran if Boeing is blocked from completing a $…
UBS chief says Swiss government is leaving banks exposed
GENEVA (Reuters) – Switzerland’s politicians have done too little to protect the country’s banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sund…
Thyssenkrupp says in talks with Tata about European steel plants
FRANKFURT (Reuters) – Thyssenkrupp , Germany’s biggest steelmaker, confirmed on Sunday that it is in talks with India’s Tata Steel about a consolidation of beleaguered European steel mills that are hit by overcapacity, weak demand and cheap imports.
Boeing defense CEO says always looking at M&A opportunities
FARNBOROUGH, England (Reuters) – Boeing Co’s defense division is continuing to look at bolt-on acquisitions across its various business areas, and particularly in the services business, Leanne Caret, chief executive of Boeing Defense, Space & Security, said on Sunday.
G20 seeks to enhance trade growth in face of protectionism: China
SHANGHAI (Reuters) – In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng said on S…
