Category Archives: businessNews

Japan court blocks ex-Nissan boss Ghosn from attending board meeting: NHK

Posted on March 11, 2019 by Reuters: Business News

A Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn's request to attend a board meeting this week, broadcaster NHK reported, blocking what would have been a dramatic face off with the colleagues he has accused of fomenting a coup.

Boeing says has no new guidance for 737 MAX 8 operators

Posted on March 11, 2019 by Reuters: Business News

Boeing said on Monday the investigation into the Ethiopian Airlines crash is in its early stages and there is no need to issue new guidance to operators of its 737 MAX 8 aircraft based on the information it has so far.

Tokyo court denies Ghosn’s request to attend Nissan board meeting: NHK

Posted on March 11, 2019 by Reuters: Business News

A Tokyo court denied former Nissan Motor boss Carlos Ghosn's request to attend the automaker's board meeting this week, days after he was released from detention on a $9 million bail, national broadcaster NHK reported on Monday.

Oil gains as Saudi stands by OPEC supply cuts, U.S. rig activity drops

Posted on March 11, 2019 by Reuters: Business News

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.

Tesla to raise vehicle prices, keep more stores open

Posted on March 11, 2019 by Reuters: Business News

Electric carmaker Tesla Inc said on Sunday it will raise prices of its high-end vehicles by about 3 percent on average as it plans to keep more retail stores open than planned.

Flydubai says remains confident in the airworthiness of Boeing 737 fleet

Posted on March 11, 2019 by Reuters: Business News

Flydubai remains confident in the airworthiness of its Boeing 737 planes, an airline spokeswoman said on Monday, a day after an Ethiopian Airlines 737 MAX 8 crashed.

JPMorgan merges commercial banking groups for fast-growing start-ups

Posted on March 11, 2019 by Reuters: Business News

JPMorgan Chase & Co said on Monday it is combining its middle-market technology and emerging growth commercial banking teams to better position the bank to handle start-ups that rapidly grow to be big companies.

Asian shares inch up as China rebounds on policy support hopes

Posted on March 11, 2019 by Reuters: Business News

Asian shares inched up on Monday as Chinese markets rebounded on hopes of more policy support for the slowing economy, but surprisingly weak U.S. employment data raised doubts about the strength of the global economy and limited gains.

China’s Mobike to pull out of some Asian countries, evaluate other markets

Posted on March 11, 2019 by Reuters: Business News

Chinese dockless bike-sharing company Mobike said on Monday it will pull out of some Asian countries and re-evaluate its units in other overseas markets amid a wide-scale contraction in the market and the bankruptcy of top competitor Ofo.

Norwegian Air continues to operate 737 MAX 8 jets as normal

Posted on March 11, 2019 by Reuters: Business News

Norwegian Air's fleet of Boeing 737 MAX 8 passenger jets continues to fly as normal, a company spokeswoman said on Monday, following the crash the previous day of a similar aircraft operated by Ethiopian Air.

UBS, StanChart settle 2009 Hong Kong IPO misconduct case

Posted on March 11, 2019 by Reuters: Business News

UBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged misconduct related to a 2009 IPO in Hong Kong, in a move expected to end uncertainty about the Swiss bank's ability to lead stock listings in the city.

Alibaba invests $693 million for stake in Chinese courier STO Express

Posted on March 11, 2019 by Reuters: Business News

Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant's fourth significant investment in a Chinese courier company.

Tesla to raise vehicle prices by about 3 percent on average worldwide

Posted on March 11, 2019 by Reuters: Business News

Electric carmaker Tesla Inc said on Sunday it will raise vehicle prices by about 3 percent on average worldwide as it plans to keep more retail stores open.

Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crash

Posted on March 11, 2019 by Reuters: Business News

China's aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia.

Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

Posted on March 11, 2019 by Reuters: Business News

Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.

Ethiopian Airlines grounds its Boeing 737 MAX 8 fleet

Posted on March 10, 2019 by Reuters: Business News

Ethiopian Airlines has grounded its Boeing Co 737 MAX 8 fleet until further notice, the airline said on its Twitter account on Monday, a day after a crash killed all 157 people on board one of its planes of the same type.