China extends Airbus jet assembly venture, unblocks A330 deals
PARIS (Reuters) – China signed a new 10-year agreement on Wednesday allowing Airbus to extend the assembly of A320 planes in Tianjin to 2025 and ordered an unspecified number of new jets, easing trade ties after a bitter row with Europe on aircraft emi…
Peugeot, Dongfeng sign tie-up deal in Paris ceremony
PARIS (Reuters) – PSA Peugeot Citroen and China’s Dongfeng Motor Group signed a framework deal on Wednesday to proceed with a planned 3 billion euro ($4.1 billion) capital increase for the French carmaker.
Canada oil patent suits stir fears of technology slowdown
CALGARY, Alberta (Reuters) – A subtle shift is under way in the Canadian oil industry, where collegial collaboration over vital new extraction technology is yielding to corporate protectionism in the race to profit from the world’s third-largest reserv…
Durable goods orders rise, but capex looks weak
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rebounded in February, but a surprise drop in a gauge of planned spending on capital goods pointed to sluggish economic growth this quarter.
China loses trade dispute over rare earth exports
GENEVA/WASHINGTON (Reuters) – China has lost a dispute at the World Trade Organization over limits on rare earth and metals exports, handing Europe and the United States a victory over what they see as Beijing’s unfair trade practices.
GE to build $100-million jet engine plant in Indiana
(Reuters) – General Electric Co will start building a $100-million jet-engine plant in Indiana later this year, the company’s aviation unit said on Wednesday, expanding production to meet demand for its new engine.
How rumor sparked panic and three-day bank run in Chinese city
YANCHENG, China (Reuters) – The rumor spread quickly. A small rural lender in eastern China had turned down a customer’s request to withdraw 200,000 yuan ($32,200).
New U.S. swaps trading seen hurting banks less than feared
(Reuters) – When U.S. regulators pushed trading in a profitable derivative on to newly created exchanges last month, many analysts feared the worst for banks’ first-quarter results.
FAA tells Boeing to fix 747-8 software to avoid crash
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration on Tuesday ordered an immediate fix to the latest version of Boeing Co’s 747-8 plane, saying a software glitch could cause it to lose thrust when close to landing and fly into the ground.
Cuba plans big tax breaks to lure foreign investors: official media
HAVANA (Reuters) – Cuba is proposing a new Cuban foreign investment law that would cut the profits tax in half to 15 percent and exempt most investors from paying it for at least eight years, official media said on Wednesday.
