WASHINGTON (Reuters) – Boeing Co (BA.N) Chief Executive Dennis Muilenburg faced intense grilling by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator. […]

(Reuters) – U.S. stock index futures edged lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer. The benchmark S&P 500 closed at a record high on Monday, while the Nasdaq ended the session less than 5 points below its closing high […]

SYDNEY (Reuters) – Asian shares crept to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week. Japan’s Nikkei .N225 led the way with a rise of 0.4% to reach ground last trod […]

US private equity giant Apollo is planning to re-sell Irish mortgages it bought five years in one of the first of what became a wave of loan sales, the Irish Independent understands. The sale is to an entity backed by US insurance firm Athene, which Apollo has previously been accused of “looting” by charging hundreds […]

(Reuters) – Technology stocks pushed the benchmark S&P 500 index to an all-time high and the Nasdaq close to its record level, as a possible U.S.-China trade deal and rising bets on a third rate cut by the Federal Reserve fueled optimism. Shares of Microsoft Corp (MSFT.O) gained more than 2% and provided the biggest […]

WASHINGTON (Reuters) – The U.S. goods trade deficit fell in September as trade tensions restricted the flow of goods, but that did not change views that economic growth decelerated further in the third quarter amid slowing consumer spending and declining business investment. The report from the Commerce Department on Monday also showed inventories at retailers […]

LONDON (Reuters) – Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology. Blockchain, a digital ledger that forms the backbone of many cryptocurrencies such as bitcoin, should be the core for innovation in […]

NEW YORK (Reuters) – The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said. Major banks including JPMorgan Chase (JPM.N), Wells Fargo […]

Things are changing so fast, it’s often hard to keep pace. It seems such a short time since the world economy was beholden to the so-called ‘Seven Sisters’, the seven firm monopoly that, for 30 years and more, controlled a staggering 85pc of the world’s oil reserves. To say it called the shots around the […]

(Reuters) – Louis Vuitton owner LVMH (LVMH.PA) has approached Tiffany & Co (TIF.N) with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China. LVMH, which has for years been looking for ways to expand […]