Boeing scores widebody orders in February, MAX cancellations mount
Boeing Co said on Wednesday it took in 18 new orders for widebody planes in February but saw more customers cancel orders of its grounded and previously best-selling 737 MAX jet, as it faced another blow to demand from the coronavirus outbreak.
PepsiCo aims for energy boost with $3.85 billion Rockstar deal
PepsiCo Inc on Wednesday made its biggest bet in the energy drinks market with a $3.85 billion deal to buy Rockstar Energy Beverages, opening a new front in its long-running battle with Coca-Cola Co .
Boeing plans full drawdown of $13.8 billion loan: Bloomberg News
Boeing Co is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions from the coronavirus, Bloomberg reported on Wednesday, citing unnamed sources.
UAE joins Saudi in opening oil taps as row with Russia slams crude prices
The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices.
Oil falls as Saudi, UAE plan for higher output capacity
Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) slashed oil demand forecasts because of the coronavirus outbreak.
Exclusive: U.S. SEC steps up scrutiny of private debt ‘financial games’
The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters review of SEC actions and industry and regulatory sources — just as fears of a global recession h…
Wall Street tumbles on lack of stimulus details
U.S. stock indexes dropped sharply on Wednesday after attempting a rebound in the previous session, on skepticism around President Donald Trump’s stimulus plan to combat the coronavirus outbreak.
Stock rebound runs out of steam despite emergency BoE cut
The rebound in stocks ran out of steam on Wednesday despite the Bank of England joining other central banks in cutting interest rates, as investors weighed up whether coordinated monetary and fiscal stimulus could counter the shock from coronavirus.
Rising food costs lift U.S. consumer prices in February
U.S. consumer prices unexpectedly rose in February but are likely to decline in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to the sup…
Wall Street slumps at open as investors wary of U.S. response to virus
U.S. stock indexes fell sharply at the open on Wednesday as investors were skeptical about President Donald Trump’s stimulus plan to combat the coronavirus epidemic.
