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Vale shareholders push to loosen company control over board elections

April 28, 2019 by  
Filed under News

Minority shareholders of Brazilian iron ore miner Vale SA have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company said in a filing.


Source: Reuters Business News

Italy's deputy PM says Alitalia bid deadline is Tuesday

April 28, 2019 by  
Filed under News

The deadline for bids to take part in a plan to rescue Italian flagship carrier Alitalia is next Tuesday, Italy’s Deputy Prime Minister Luigi Di Maio said on Sunday.


Source: Reuters Business News

Pilots demand better training if Boeing wants to rebuild trust in 737 MAX

April 28, 2019 by  
Filed under News

American Airlines pilots have warned that Boeing Co’s draft training proposals for the troubled 737 MAX do not go far enough to address their concerns, according to written comments submitted to the U.S. Federal Aviation Administration and seen by Reuters.


Source: Reuters Business News

flydubai's financial outlook for 2018 unchanged despite Boeing groundings: spokeswoman

April 28, 2019 by  
Filed under News

United Arab Emirates airline flydubai’s financial outlook for the current year remains unchanged, despite the grounding of its Boeing 737 MAX, a spokeswoman said on Sunday.


Source: Reuters Business News

Etihad to offer wireless streaming, remove screens from narrow-body fleet

April 28, 2019 by  
Filed under News

Abu Dhabi’s Etihad Airways will offer wirelessly streamed movies and television shows to passengers on mainly short-haul flights as it removes entertainment screens from its Airbus A320 narrow-body fleet.


Source: Reuters Business News

SAS grounds more flights as pilot strike continues

April 27, 2019 by  
Filed under News

Scandinavian airline SAS canceled hundreds of flights scheduled for Sunday as a pilot strike entered its second day, disrupting the travel plans of tens of thousands of passengers.


Source: Reuters Business News

China's Xi touts more than $64 billion in Belt and Road deals

April 27, 2019 by  
Filed under News

President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and Road Initiative (BRI) this week as he sought to reassure skeptics the project will deliver sustainable growth for all involved.


Source: Reuters Business News

China puts gentler face on Belt and Road, hits back at critics

April 27, 2019 by  
Filed under News

China sought to put a gentler face on its massive plan to recreate the old Silk Road at a summit that ended on Saturday, saying it must do more to explain the program and boost sustainability even as state media hit back at critics.


Source: Reuters Business News

Renault to propose joint holding company with Nissan: source

April 26, 2019 by  
Filed under News

Renault will propose a plan to create a joint holding company that would give the French carmaker and Japanese partner Nissan equal footing, a person with knowledge of the issue told Reuters.


Source: Reuters Business News

Tesla's Musk agrees to new vetting rules for tweets in SEC deal

April 26, 2019 by  
Filed under News

Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to vetting by its legal counsel, according to a court filing on Friday.


Source: Reuters Business News

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