Business News

Weak oil prices offset Bank of America-led earnings optimism

(Reuters) - U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermidBenchmark Brent crude LCOc1 droppe...

16 Jul 2:31 PM 0 Read More...

BlackRock reports weaker demand for index funds, shares dip

NEW YORK (Reuters) - BlackRock Inc (BLK.N), the world’s biggest asset manager, reported smaller demand for its funds on Monday, and its stock dropped despite a better-than-expected quarterly profit. FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, NY, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo Net income attributable to the company rose to $1.07 billi...

16 Jul 2:31 PM 0 Read More...

Boeing kickstarts air show with order for jets worth $4.7 billion

(Reuters) - Boeing Co (BA.N) said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE (AIR.PA) in a contest for business on day one of the Farnborough Airshow. FILE PHOTO: The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California March 14, 2012. REUTERS/Lucy Nicholson/File Photo Logistics group DHL placed the or...

16 Jul 9:31 AM 0 Read More...

Boeing, Jackson Square reach firm agreement for 30 737 MAX 8 aircraft

FARNBOROUGH, ENGLAND (Reuters) - Boeing Co (BA.N) and U.S. aircraft leasing firm Jackson Square Aviation said on Monday they had reached a firm agreement over the purchase of 30 737 MAX 8 aircraft. Reporting by Eric M. Johnson; Editing by Mark Potter...

16 Jul 9:30 AM 0 Read More...

Stocks rise as earning expectations beat China growth fears

LONDON (Reuters) - European stock markets inched higher on Monday as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between Beijing and Washington. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/RemoteData showing China’s economy and factory production g...

16 Jul 9:30 AM 0 Read More...

Hong Kong's bourse brushes off Chinese snub over dual-class shares

HONG KONG (Reuters) - Hong Kong’s exchange described as “temporary” a dispute with its Shanghai and Shenzhen counterparts over plans to bar investor access to dual-class shares, as shares in smartphone maker Xiaomi Corp (1810.HK) recovered from the depths of its 10-percent slide on Monday. FILE PHOTO: A customer walks out of a Xiaomi store in Beijing, China June 21, 2018. REUTERS/Jason Lee/File PhotoThe Shangha...

16 Jul 9:30 AM 0 Read More...

Britain to unveil model of planned new fighter jet: source

FARNBOROUGH, England (Reuters) - Britain’s Defence Minister Gavin Williamson will unveil a model of the country’s proposed new fighter jet at the Farnborough Airshow and earmark 2 billion pounds ($2.7 billion) in funding for the project, a source close to the matter said on Monday. Britain's Secretary of State for Defence Gavin Williamson arrives in Downing Street in London, June 26, 2018. REUTERS/Toby Melville T...

16 Jul 9:30 AM 0 Read More...

Asian shares fall on soft China data, trade war fears

SHANGHAI (Reuters) - Asian shares fell on Monday as new data showed China’s economy slowed slightly in the second quarter, compounded by fears of a full-scale Sino-U.S. trade war looming over markets. FILE PHOTO: An investor holds onto prayer beads as he watches a board showing stock prices at a brokerage office in Beijing, China, July 6, 2015. REUTERS/Kim Kyung-Hoon/File PhotoOfficial data showed China’s econom...

16 Jul 4:29 AM 0 Read More...

Goldman to name David Solomon as CEO early this week: NYT

(Reuters) - Goldman Sachs Group Inc (GS.N) is expected to name David Solomon as its next chief executive officer early this week, the New York Times reported here on Sunday. David M. Solomon, President and Chief Operating Officer, Goldman Sachs, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson/File PhotoThe announcement, which will forma...

16 Jul 4:29 AM 0 Read More...

Planemakers to kickstart Farnborough jetliner order battle

FARNBOROUGH, England (Reuters) - Aerospace firms Airbus (AIR.PA) and Boeing (BA.N) will kickstart a contest for tens of billions of dollars of orders at the Farnborough Airshow on Monday, ensuring fireworks start early as they seek to bolster their already bulging order books. FILE PHOTO: President, Chairman and CEO of The Boeing Company Dennis Muilenburg speaks at the "What's Next?" conference in Chicago, Illinois, ...

16 Jul 4:29 AM 0 Read More...