Airbus revises up jet demand forecast, shaves traffic growth

Airbus revises up jet demand forecast, shaves traffic growth
FILE PHOTO: The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire, France July 12, 2019. REUTERS/Stephane Mahe LONDON (Reuters) – Airbus (AIR.PA) on Wednesday revised up forecasts for jetliner demand over the next 20 years led by growth in Asia, despite the industry’s short-term concerns over global trade tensions. The European planemaker said the world’s fleet... Read More

Britain orders security investigation into Cobham-Advent deal

Britain orders security investigation into Cobham-Advent deal
FILE PHOTO: A Eurofighter Typhoon jet lands in Payerne, Switzerland April 12, 2019. REUTERS/Denis Balibouse LONDON (Reuters) – The $5 billion acquisition of British defence company Cobham (COB.L) by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation into the agreed deal. Business minister Andrea Leadsom has issued a European... Read More

Explainer: The Fed has a repo problem. What’s that?

Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo... Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% chance of the economy being... Read More

GM stops paying for health insurance for striking union workers; talks continue

GM stops paying for health insurance for striking union workers; talks continue
BOWLING GREEN, Ky. (Reuters) – General Motors Co (GM.N) shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000... Read More

Atlantia CEO resigns in Benetton-led shake up

Atlantia CEO resigns in Benetton-led shake up
MILAN (Reuters) – The Benettons ushered in a change of guard at Italian infrastructure group Atlantia (ATL.MI), replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse. FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci gestures during a news conference about the collapsed Morandi Bridge in Genoa, Italy August... Read More

U.S. FAA to brief international regulators on status of Boeing 737 MAX

U.S. FAA to brief international regulators on status of Boeing 737 MAX
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken July 1, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week... Read More

Wall Street rises as oil fears recede, market awaits Fed

Wall Street rises as oil fears recede, market awaits Fed
(Reuters) – Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Stocks closed firmly in positive territory... Read More