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Airbus CEO hints at more powerful A321 jet

May 21, 2019 by  
Filed under News

Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker’s current A321LR was the world’s longest-range single-aisle jet “for the moment.”


Source: Reuters Business News

Fed officials see past misses as trouble for any new inflation approach

May 21, 2019 by  
Filed under News

The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank’s inflation target is to tolerate much higher price increases in some years to counter the weaker ones.


Source: Reuters Business News

Former Tesla bull makes $10 worst case call on China worries

May 21, 2019 by  
Filed under News

One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars.


Source: Reuters Business News

Huawei puts Honor above Android at new smartphone launch

May 21, 2019 by  
Filed under News

Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm’s technology.


Source: Reuters Business News

Oil steady as U.S.-Iran tensions support prices, trade war weighs

May 21, 2019 by  
Filed under News

Oil futures were flat on Tuesday as the prospect of U.S.-Iran tensions disrupting supply was offset by concerns that a drawn-out trade war between Washington and Beijing would weigh on crude demand.


Source: Reuters Business News

T-Mobile's deal for Sprint gets big boost from FCC chief

May 20, 2019 by  
Filed under News

T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission on Monday, in a big step toward the deal’s approval.


Source: Reuters Business News

Nike, Under Armour, among others, urge Trump to remove footwear from tariff list

May 20, 2019 by  
Filed under News

Leading U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged the U.S. President Donald Trump to immediately remove footwear from the proposed tariffs list on goods imported from China.


Source: Reuters Business News

Daimler plans to cut administration costs by 20%: Handelsblatt

May 20, 2019 by  
Filed under News

Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.


Source: Reuters Business News

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

May 20, 2019 by  
Filed under News

Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.


Source: Reuters Business News

UK firms likely to scrap planned investment on a no-deal Brexit: BoE's Broadbent

May 20, 2019 by  
Filed under News

British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday.


Source: Reuters Business News

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