Monday, 17 June 2019

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

Reuters.com Newsletter

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.

Fed likely to resist pressure to cut U.S. rates this week

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.

New blow to Boeing from engine delay, Airbus long-range rival takes off

Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its all-new 777X jet, while Airbus targeted the middle of the market with a rival plane.

Boeing says has no plans to change name of 737 MAX

Boeing Co said on Monday it had no plans to change the name of the 737 MAX after news reports that it would be prepared to do so to improve its future marketing.

Global stocks, yields dip with Fed meeting on tap

A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United States and elsewhere.

S&P 500 ends up slightly as Fed meeting in view

The S&P 500 edged higher on Monday as investors awaited a Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.

Oil prices fall 1% as economic worries outweigh tanker tensions

Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand.

Sotheby's snapped up by French tycoon Drahi for $3.7 billion

Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years.

FAA moves to support growth of civil supersonic air industry

The U.S. Federal Aviation Administration (FAA) said on Monday it is moving to rewrite testing rules to allow for the eventual return of civil supersonic air travel.

American in talks for up to 50 Airbus A321XLR jets: sources

American Airlines is edging towards a deal with Airbus to buy up to 50 newly launched A321XLR extended-range narrow-body aircraft including some converted from existing orders of other models, people familiar with the matter said.

U.S. firms say China tariffs will raise costs, with few sourcing alternatives

A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics, and other consumer goods as the Trump administration prepares 25% tariffs on remaining U.S.-China trade.

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