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Updated: 2 hours 48 min ago

Airbus seeks new partners to expand in U.S. space market

3 hours 10 min ago
Airbus' defense division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar program there, Airbus Defense and Space Chief Executive Dirk Hoke told Reuters.
Categories: Financial Media

U.S., China rekindle trade talks ahead of Trump-Xi G20 meeting

3 hours 10 min ago
China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets with hope that an escalating trade war between the two countries would abate.
Categories: Financial Media

Anadarko approves $20 billion LNG export project in Mozambique

3 hours 13 min ago
U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to the government of Mozambique and energy consultancy Wood Mackenzie.
Categories: Financial Media

Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension

3 hours 33 min ago
Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were rekindling trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade war.
Categories: Financial Media

Wall St. rises as mood on trade again turns optimistic, nears record high

3 hours 35 min ago
Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.
Categories: Financial Media

White House considered demoting Fed's Powell: report

3 hours 37 min ago
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.
Categories: Financial Media

Boost for Boeing as BA owner backs grounded jet with 200-plane order

3 hours 37 min ago
Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
Categories: Financial Media

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

3 hours 54 min ago
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
Categories: Financial Media

Dish Network nearing $6 billion deal for T-Mobile-Sprint assets: Bloomberg

4 hours 3 min ago
Satellite TV provider Dish Network Corp is in talks to buy the wireless assets of T-Mobile US Inc and Sprint Corp for at least $6 billion, Bloomberg reported on Tuesday, citing people familiar with the matter.
Categories: Financial Media

Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency

4 hours 22 min ago
The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.
Categories: Financial Media

Global stocks fueled by hopes on monetary policy, U.S.-China trade

5 hours 13 min ago
Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, while equities got an extra boost when U.S. President Donald Trump confirmed a meeting with China's president amid the countries' trade dispute.
Categories: Financial Media

Exclusive: U.S. seen open to mechanism to end aircraft subsidy spat - sources

5 hours 15 min ago
The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said.
Categories: Financial Media

Rolls-Royce boss laments Brexit distraction at Paris Airshow

5 hours 52 min ago
Rolls-Royce chief executive Warren East said on Tuesday that uncertainties over Brexit remain an unwelcome distraction for the aerospace industry three years after Britain voted to leave the European Union.
Categories: Financial Media

Bayer asks trial judge to reverse $2 billion Roundup jury verdict

5 hours 59 min ago
Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company's glyphosate-based Roundup weed killer responsible for a couple's cancer, arguing the jury decision was not supported by evidence.
Categories: Financial Media

Eviation targets commuters with electric plane Alice

6 hours 9 min ago
An electric plane capable of flying up to 650 miles with nine passengers made its debut at the Paris Airshow on Tuesday, with its manufacturer targeting regional commuter routes such as the French capital to the southern city of Toulouse.
Categories: Financial Media

BoE's Carney says keeping open mind on Facebook's Libra

6 hours 26 min ago
Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off.
Categories: Financial Media

Boost for Boeing as BA owner backs grounded 737 MAX jet

6 hours 27 min ago
Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX aircraft that have been grounded since March after two deadly crashes.
Categories: Financial Media

Trump not taking action against Fed chair Powell: White House adviser

6 hours 38 min ago
White House economic adviser Larry Kudlow on Tuesday said U.S. President Donald Trump is not considering any changes to Fed Chairman Jerome Powell's status following a report that the White House had explored the possibility of demoting him.
Categories: Financial Media

Trade optimism, dovish Fed bets power Wall Street rally

6 hours 40 min ago
U.S. stocks rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more accommodative Federal Reserve.
Categories: Financial Media

Factbox: Airbus and Boeing aircraft deals at Paris Airshow

6 hours 42 min ago
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.
Categories: Financial Media

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