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New Russian jet heralds carbon manufacturing shake-up

May 29, 2017 by  
Filed under News

PARIS (Reuters) – Russia’s new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.


Source: Reuters Business News

Monte dei Paschi says in exclusive talks over bad loan sale

May 29, 2017 by  
Filed under News

MILAN (Reuters) – Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state.


Source: Reuters Business News

'We are not amused': Belgian monarchy angered by Burger King

May 29, 2017 by  
Filed under News

BRUSSELS (Reuters) – Burger King is in trouble with Belgium’s monarchy over an advertising campaign asking Belgians to vote online to “crown” the global fast-food giant the true ruler of the country where the U.S. brand will launch next month.


Source: Reuters Business News

British Airways vows 'never again' after costly IT collapse

May 29, 2017 by  
Filed under News

LONDON (Reuters) – British Airways (BA) said it would take steps to ensure there was no repeat of a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster.


Source: Reuters Business News

U.S. companies no longer know rules of game under Trump, Hasbro director says

May 29, 2017 by  
Filed under News

CASCAIS, Portugal (Reuters) – Confusion surrounding the trade policies of U.S. President Donald Trump’s administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international conference on Monday.


Source: Reuters Business News

Russia squares up to Boeing, Airbus with maiden jet flight

May 28, 2017 by  
Filed under News

MOSCOW (Reuters) – Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.


Source: Reuters Business News

Supply problems hit production at BMW: Focus

May 28, 2017 by  
Filed under News

FRANKFURT (Reuters) – Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.


Source: Reuters Business News

Beijing bling: Hyundai plots China branding reboot after missile row

May 27, 2017 by  
Filed under News

SEOUL/BEIJING (Reuters) – Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.


Source: Reuters Business News

Reliance Communications hit by Indian mobile price war

May 27, 2017 by  
Filed under News

MUMBAI (Reuters) – Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world’s second-biggest mobile market by number of users.


Source: Reuters Business News

GM says ISS advises against Greenlight share plan, board nominees

May 27, 2017 by  
Filed under News

(Reuters) – General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund’s plan to divide GM shares into two classes.


Source: Reuters Business News

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