Economy & Finance

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

EU watchdogs to study cost, performance of mutual funds

EU watchdogs to study cost, performance of mutual funds

Published 17/10/2017

European Union financial watchdogs will conduct a large-scale study into the cost and performance of mutual funds, a top regulator said on Tuesday. [more…]

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

Published 17/10/2017

British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. [more…]

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Published 17/10/2017

Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. [more…]

Midnight in Toulouse: How CSeries deal shook status quo

Midnight in Toulouse: How CSeries deal shook status quo

Published 17/10/2017

Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. [more…]

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Published 17/10/2017

When cheating becomes habitual, the consequences could be costly. [more…]

French government welcomes Airbus` deal on Bombardier CSeries stake

French government welcomes Airbus` deal on Bombardier CSeries stake

Published 17/10/2017

The French government, which owns an 11 percent stake in Airbus, welcomes the airplane maker's deal for a majority stake in Bombardier's CSeries jet program, Finance Minister Bruno Le Maire said on Tuesday. [more…]

HNA Group to invest $7.6 billion in tourism, digital transformation

HNA Group to invest $7.6 billion in tourism, digital transformation

Published 17/10/2017

China's HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. [more…]

Airbus shares rally after company`s Bombardier CSeries deal

Airbus shares rally after company`s Bombardier CSeries deal

Published 17/10/2017

Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier's CSeries jetliner program. [more…]

Australia`s ANZ sells pension business to IOOF for $766 million

Australia`s ANZ sells pension business to IOOF for $766 million

Published 17/10/2017

Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital. [more…]