Wednesday, 15 May 2019

U.S. near to resolving tariff row with Canada, Mexico: Mnuchin

U.S. near to resolving tariff row with Canada, Mexico: Mnuchin

The United States is close to resolving a dispute over steel and aluminum tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday as high-level American and Canadian officials met to discuss trade issues.

Canada's Freeland: U.S. tariffs would make USMCA ratification problematic

Canadian Foreign Minister Chrystia Freeland said on Wednesday that ratification of the U.S.-Mexico-Canada trade agreement would be very problematic as long as U.S. tariffs on steel and aluminum remain in place.

U.S. Treasury secretary plans China visit as trade war clouds world economy

U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets.

Supersonic jets must be no noisier than existing planes: airports group

A new generation of U.S.-produced commercial supersonic jets must be no louder than existing planes or risk exacerbating existing complaints over noise from air traffic, Angela Gittens, director of Airports Council International (ACI) said.

Alibaba beats revenue expectations on cloud boost

Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services.

WeWork starts $2.9 billion property platform with Canada's CDPQ

The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment platform with funding from one of Canada's largest pension funds, building on ties with private equity firm the Rhone Group.

Pelosi had 'productive meeting' with U.S. trade representative on deal: aide

U.S. House of Representatives Speaker Nancy Pelosi had a "productive meeting" with U.S. Trade Representative Robert Lighthizer almost entirely focused on a new United States-Mexico-Canada (USMCA) trade deal, one of her aides said on Wednesday.

Wall St. gains as trade optimism trumps dim economic data

Wall Street turned positive on Wednesday following reports that U.S. President Donald Trump would hold off on imposing tariffs on imported cars and parts, easing slowdown fears after downbeat economic data.

FAA expects Boeing to submit 737 MAX fix soon for approval

Federal Aviation Administration acting chief Dan Elwell told lawmakers on Wednesday he expects Boeing Co to submit a software fix for the grounded 737 MAX involved in two fatal crashes for approval soon, and said he was concerned by the planemaker's lengthy delay in disclosing a software anomaly.

Southwest CEO says Boeing made mistakes but he is hopeful 737 MAX will fly this summer

Boeing Co made mistakes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he added he is still hopeful the grounded 737 MAX jets will return to service this summer.

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