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November 17, 2019
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Reuters - Business

Ethiopian undecided whether to take more Boeing 737 MAX jets

Reuters
DUBAI (Reuters) – Ethiopian Airlines has not decided yet whether to take more deliveries of the 737 MAX, the jet grounded worldwide in the wake of crashes in Ethiopia and Indonesia, the airline’s CEO said on Sunday, as Boeing (BA.N) completes revisions to the aircraft’s design. FILE PHOTO: Aerial photos...
Reuters - Business

‘Crown jewel’ Aramco stirs loyal Saudi demand for giant IPO

Reuters
RIYADH (Reuters) – From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world’s biggest initial public offering. A billboard display an advert for...
Reuters - Business

Aramco IPO range values Saudi oil giant at up to $1.7 trillion

Reuters
DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO. A billboard display an advert for Saudi...
Reuters - Business

Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco

Reuters
RIYADH (Reuters) – “No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering. A billboard display an advert for Saudi Aramco in...
Reuters - Business

Saudi Aramco will not market IPO in the United States: sources

Reuters
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo/File Photo DUBAI (Reuters) – Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter...
Reuters - Business

With inflation low, Fed can boost job market: Daly

Reuters
BERKELEY, Calif. (Reuters) – Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Federal Reserve Bank President Mary Daly said on Saturday. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the...
Reuters - Business

Nissan recalls nearly 400,00 vehicles over braking system defect

Reuters
(Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire. FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in...
Reuters - Business

Fed’s Daly says low inflation presents opportunity

Reuters
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir. BERKELEY, Calif. (Reuters) – Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot...
Reuters - Business

UK’s Corbyn: Labour to exclude NHS, medicines from trade deals with U.S.

Reuters
Britain’s opposition Labour Party leader Jeremy Corbyn holds a picture during a general election campaign event in Morecambe, Britain November 15, 2019. REUTERS/Andrew Yates (Reuters) – UK opposition leader Jeremy Corbyn said the Labour Party will exclude Britain’s National Health Service and medicines from trade deals with the United States,...
Reuters - Business

Boeing says timing of 737 MAX return in hands of regulators

Reuters
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. REUTERS/Lindsey Wasson/File Photo DUBAI (Reuters) – Boeing (BA.N) said on Saturday the U.S. Federal Aviation Administration and other global regulators would decide the timing of the...
ESPN

Berhalter’s U.S. finally shows progress, ‘fight’ in much-needed win vs. Canada

ESPN
ORLANDO, Fla. — The U.S. went backward — in a good way — in Friday’s Nations League clash against Canada. The side’s work rate and intensity were evident from the start. A dose of pragmatism also found its way into the Americans’ game in that the U.S. was direct when...
Reuters - Business

U.S. to extend license for its companies to continue business with Huawei: sources

Reuters
WASHINGTON (Reuters) – The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport...
Reuters - Business

U.S. to extend license allowing its companies to continue business with Huawei: New York Times

Reuters
FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo (Reuters) – The United States is set to extend a license allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd,...
Reuters - Business

U.S. charges another ex-JPMorgan executive with alleged market manipulation

Reuters
NEW YORK (Reuters) – The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions. FILE PHOTO: A general view of the Department of Justice building is seen...
Reuters - Business

Microsoft to probe work of Israeli facial recognition startup it funded

Reuters
(Reuters) – Microsoft Corp (MSFT.O) has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday. FILE PHOTO: The Microsoft sign is shown on top of the...
Reuters - Business

Take Five: Fighting fires – Reuters

Reuters
(Reuters) – 1/ NOT SO FAST Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, 2019. REUTERS/Brendan McDermid How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China’s factory...
Reuters - Business

Ford’s UAW members vote to ratify new four-year contract

Reuters
DETROIT (Reuters) – The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co (F.N) have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt,...
Reuters - Business

U.S. to extend license allowing its cos to continue business with Huawei: NYT

Reuters
FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo (Reuters) – The United States is set to extend a license allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd,...
Reuters - Business

Factbox: How social media sites handle political ads

Reuters
(Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S.,...
Reuters - Business

Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug

Reuters
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau WASHINGTON (Reuters) – Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell...

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