Business News

Airbus says Pratt & Whitney catching up on engine delays

FARNBOROUGH, England (Reuters) - European planemaker Airbus (AIR.PA) said on Wednesday that supplier Pratt & Whitney (UTX.N) was catching up on engine delays and there would be an improvement especially in the second half of the year. Airbus has faced a backlog of up to 100 A320neo jets sitting on the ground outside factories without their engines due to delays in deliveries, mainly from U.S.-based Pratt & W...

18 Jul 11:59 AM 0 Read More...

VietJet Air, Boeing announce MoU for 100 737 MAX planes

FARNBOROUGH, England (Reuters) - Vietnamese budget airline VietJet Air and Boeing Co (BA.N) said on Wednesday they had reached a provisional agreement for 100 Boeing 737 MAX airplanes, a deal worth almost $13 billion at list prices. Of the 100 aircraft in the memorandum of understanding signed at the Farnborough air show in southern England, 80 were 737 MAX 10 and 20 were 737 MAX 8 variants, Boeing said. Reporting ...

18 Jul 11:59 AM 0 Read More...

Exclusive: Canada housing agency pushes for better income checks to catch fraud

TORONTO (Reuters) - Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show. Unlike tax authorities in the United States and the United Kingdom, the Canada Revenue Agency (CRA) does not verify income for lenders, even with taxpaye...

18 Jul 11:59 AM 0 Read More...

India’s online ticketing portal BookMyShow raises $100 million funding

(Reuters) – Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors. The Series D funding was led by new player TPG Growth, while existing investors also participated. BookMyShow had raised about 8.30 billion rupees ($121.07 million) from previous rounds of funding. The comp...

18 Jul 10:25 AM 0 Read More...

China clips Air China’s wings after descent scare

SHANGHAI (Reuters) – China’s aviation regulator will reduce Air China’s Boeing 737 flights by 10 percent and cancel licenses of the pilot and co-pilot involved in an emergency descent last week, in a move analysts say could push the airline to cut some routes. The Civil Aviation Administration of China (CAAC) will also launch a safety crackdown on the Chinese flag carrier for three months and fine the ai...

18 Jul 10:25 AM 0 Read More...

Dollar’s advance puts squeeze on gold, commodities

SYDNEY (Reuters) – Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan’s Nikkei .N225 rose 0.43 percent as a weakening yen promised to fatten exporters’ profits. Spreadbetters and futures FFIc1 also pointed to opening gains for European bourses. ...

18 Jul 10:25 AM 0 Read More...

China clips Air China's wings after descent scare

SHANGHAI (Reuters) - China’s aviation regulator will reduce Air China’s Boeing 737 flights by 10 percent and cancel licenses of the pilot and co-pilot involved in an emergency descent last week, in a move analysts say could push the airline to cut some routes. The Civil Aviation Administration of China (CAAC) will also launch a safety crackdown on the Chinese flag carrier for three months and fine the airline 50,...

18 Jul 6:56 AM 0 Read More...

Dollar's advance puts squeeze on gold, commodities

SYDNEY (Reuters) - Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei .N225 rose 0.43 percent as a weakening yen promised to fatten exporters' profits. Spreadbetters and futures FFIc1 also pointed to opening gains for European bourses. MSCI's broades...

18 Jul 6:56 AM 0 Read More...

Boeing gets $3.9 billion contract for new Air Force One jets

WASHINGTON (Reuters) - Boeing Co (BA.N) has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday. The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing’s previously awarded contract for development work had been expanded to include design, modi...

18 Jul 6:56 AM 0 Read More...

07/20/2018 – Grand Valley Days

18 Jul, 2018 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. 07/20/2018 – Grand Valley Dayshttp://rifleareachamber.chambermaster.com/events/details/grand-valley-days-9031http://rifleareachamber.chambermaster.com/Feed/rss/UpcomingEvents.rssTOP 1...

18 Jul 5:24 AM 0 Read More...