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India to impose retaliatory tariffs on 28 U.S. goods from Sunday

June 15, 2019 by  
Filed under News

India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi.


Source: Reuters Business News

Take Five: The Fed and the rest

June 15, 2019 by  
Filed under News

With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more aggressive after Federal Reserve Chair Jerome Powell threw open the door to a cut, promising on June 4 the Fed would act “as appropriate” to address risks from the trade dispute. It was the second sudden shift in the Fed’s tone, after January when it abandoned its bias toward steady tightening.


Source: Reuters Business News

NATO faces big bill if it does not pick AWACS successor soon: officials

June 15, 2019 by  
Filed under News

NATO faces significant costs if it does not act soon to choose a successor for its ageing fleet of 14 Boeing E-3A Airborne Warning & Control System (AWACS) surveillance aircraft, often called the alliance’s “eyes in the sky”, senior officials said.


Source: Reuters Business News

CFM erases jet engine output delay, cautious on rate increases

June 15, 2019 by  
Filed under News

CFM International has caught up with delays in deliveries of its LEAP jet engine after keeping its assembly lines running at high speed while the Boeing 737 MAX remains grounded, the French-American engine maker said on Saturday.


Source: Reuters Business News

Why proposed changes to Hong Kong's extradition law fueled protests

June 15, 2019 by  
Filed under News

Hong Kong leader Carrie Lam has delayed indefinitely a proposed law that would allow extraditions to mainland China, in a dramatic retreat after widespread anger over the bill sparked the biggest street protests in three decades.


Source: Reuters Business News

Global stocks edge lower on data, oil rises on geopolitical fears

June 14, 2019 by  
Filed under News

Equity markets lost ground on Friday as weak Chinese data stoked investor anxieties over a global growth slowdown and mounting fears of a U.S.-Iran confrontation added to geopolitical uncertainty, sending oil prices higher.


Source: Reuters Business News

Airbus urges UTC not to be distracted by Raytheon deal

June 14, 2019 by  
Filed under News

Airbus said on Friday it had urged United Technologies to “keep its eye on the ball” in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon.


Source: Reuters Business News

Bombardier opening new California rail-car assembly site

June 14, 2019 by  
Filed under News

Canada’s Bombardier is opening a new facility in California that will assemble rail cars for San Francisco’s rapid transit system by year’s end, and potentially serve other West Coast rail projects.


Source: Reuters Business News

Dish execs met with DOJ, FCC on T-Mobile, Sprint merger

June 14, 2019 by  
Filed under News

Dish Network Corp executives met this week with the U.S. Justice Department’s antitrust chief Makan Delrahim and Federal Communications Commission chairman Ajit Pai on the government’s review of the proposed $26.5 billion tie-up of wireless carriers T-Mobile USA and Sprint Corp.


Source: Reuters Business News

Broadcom's $2 billion warning rattles global chip sector

June 14, 2019 by  
Filed under News

Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year.


Source: Reuters Business News

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