Business

Stocks, dollar hold gains with all eyes on Fed meeting

European shares tip-toed higher alongside government bond yields on Monday, as investors braced for what is shaping up to be a crucial week for global monetary policy.

Business

Airbus launches new A321 jet, Boeing apologizes for MAX crisis

Airbus launched a long-range version of its A321neo jet at the Paris Airshow on Monday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.

Business

Deutsche Bank to set up 50 bln euro bad bank: source

Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.

Business

Airbus launches long-range A321 jet, close to 200 orders expected

Airbus launched a long-range version of its A321neo jet at the Paris Airshow on Monday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.

Business

Boeing says sorry for MAX 737 crashes, promises to learn lessons

Boeing executives took turns to apologize for the loss of life in two 737 MAX crashes and pledged to apply lessons of the crisis to future planes as the world’s largest aerospace company struck a chastened tone at the opening of the Paris Airshow.

Business

Wife of former Nissan boss Ghosn urges Trump to help her husband

The wife of former Nissan Motor chairman Carlos Ghosn urged U.S. President Donald Trump to raise her husband’s case with Japan’s prime minister at a summit of world leaders later this month.

Business

Huawei CEO says underestimated impact of U.S. ban, sees revenue dip

Huawei Technologies Co Ltd’s founder and CEO Ren Zhengfei said the impact of a U.S. ban on the Chinese company was more severe than expected and warned that revenue would dip to around $100 billion this year and the next.

Business

Airbus launches new A321XLR jet and wins Air Lease Corp orders

Airbus launched its A321XLR jet and announced orders for the new model, as the European planemaker aims to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.

Business

Boeing says engine issues the key factor to be resolved on 777X

Boeing said on Monday engine issues were the key factor to be resolved in the development of its new 777X aircraft, but that the plane was performing well as it moves towards a flight test later this year.

Business

Lockheed: No concern that Raytheon-UTC merger will affect F-35 program

Lockheed Martin F-35 program manager Greg Ulmer said on Monday he had “no concern” that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 program or pressure its margins.

Business

Oil prices slip as economic worries outweigh tanker tensions

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.

Business

Deutsche Bank to set up 50 billion euro bad bank: source

Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.

Business

Airbus to launch new A321 with nearly 200 orders -sources

Airbus will launch a long-range version of its A321neo jet at the Paris Airshow on Monday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.

Business

Airbus faces cabin comfort dilemma as it launches A321XLR jet

Airbus is poised to break records by launching the longest-range narrow-body jetliner at the Paris Airshow this week, but jetmakers are having to rethink their mantra on comfort as they squeeze ever more miles out of jets designed for shorter trips.

Business

Huawei CEO expects sales to drop to $100 billion in 2019, 2020

China’s Huawei Technologies Co Ltd expects sales to drop to around $100 billion this year and the next, CEO Ren Zhengfei said on Monday, as its business comes under pressure due to U.S. sanctions.

Business

UBS loses role in bond deal for Chinese firm on outcry over pig comment

UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese food price inflation.

Business

Oil prices climb after tanker attacks stoke Middle East tensions

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

Business

Huawei CEO expects sales at $100 billion in 2019, 2020

China’s Huawei Technologies Co Ltd expects sales this year and next year at around $100 billion, its chief executive Ren Zhengfei said on Monday.

Business

Airbus to launch A321XLR with nearly 200 orders at Paris Airshow: sources

Airbus will launch a long-range version of its A321neo passenger jet at Paris Airshow and will announce close to 200 orders over the week, sources familiar with the matter said.

Business

China Railway Construction says won’t work with UBS on dollar-bond sale

China Railway Construction Corp (CRCC) has decided not to cooperate with UBS for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday.

Business

Alibaba proposes one-to-eight stock split ahead of up to $20 billion HK listing

China’s Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion.

Business

Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting

Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check.

Business

Exclusive: Banks face new challenges in Italian diamond scandal

(Please note strong language in paragraph 38.)

Business

Alibaba proposes one-to-eight stock split for July 15 AGM vote

Alibaba Group Holding has proposed a one-to-eight stock split for a vote at the upcoming annual general meeting of shareholders in Hong Kong on July 15, it said in a statement.

Business

Fed likely to resist pressure to cut U.S. rates this week

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.