Business

Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

November 21, 2019

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo FRANKFURT/PARIS (HeadlineNews) – Fiat Chrysler (FCA) said on Thursday talks with Peugeot owner PSA Group to create a $50 billion carmaking group were going well, despite FCA […]

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U.S. FAA head says will be tougher on the certification of the Boeing 777x

November 20, 2019

FILE PHOTO: A large 777X banner is seen hanging over the Boeing 777X Final Assembly Building floor during a media tour of Boeing production facilities in Everett, Washington, U.S., February 27, 2019. Picture taken February 27, 2019. REUTERS/Lindsey Wasson DUBAI (HeadlineNews) – The head of the U.S. Federal Aviation Administration (FAA) said the FAA will […]

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Huawei plays down impact of new U.S. license extension

November 19, 2019

WASHINGTON (HeadlineNews) – Huawei Technologies has dismissed a new 90-day extension by the Trump administration allowing U.S. firms to continue doing business with the Chinese company as making little difference, repeating that it was being unfairly treated. FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, […]

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Emirates close to finalizing part of wide-body jet order with Airbus: sources

November 18, 2019

FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo DUBAI (HeadlineNews) – Dubai state-owned airline Emirates [EMIRA.UL] was close to a deal on Monday to finalize at least part of a provisional order for 70 wide-body aircraft from Europe’s Airbus (AIR.PA), industry sources […]

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Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO

November 17, 2019

DUBAI (HeadlineNews) – Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion the Saudi crown prince had targeted but still making it potentially the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the […]

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

November 16, 2019

WASHINGTON (HeadlineNews) – 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, two sources familiar with the deliberations said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July […]

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Oil rises amid optimism over OPEC supply cuts, hopes on U.S.-China trade

November 15, 2019

TOKYO (HeadlineNews) – Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo […]

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Exclusive: U.S. manufacturing group hacked by China as trade talks intensified – sources

November 14, 2019

WASHINGTON (HeadlineNews) – As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump’s trade policies, according to two people familiar with the matter. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands […]

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Indonesia waiting on major global aviation regulators for return of 737 MAX: official

November 13, 2019

FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson/File Photo JAKARTA (HeadlineNews) – Indonesia will not approve the return of the Boeing Co (BA.N) 737 MAX to its skies until after aviation regulators in the United […]

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Huawei to give staff $286 million bonus for helping it ride out U.S. curbs

November 12, 2019

FILE PHOTO: 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 SHENZHEN, China (HeadlineNews) – Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help […]

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