Reuters Before the Bell: Lion Air 'urgently requires' more 737 MAX jets to support growth: co-founder

Click to View in Browser Wednesday, August 14, 2019 Lion Air 'urgently requires' more 737 MAX jets to support growth: co-founder Indonesia's Lion Air "urgently requires" more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model's return to service, the airline's co-founder, Rusdi Kirana, told Reuters on Wednesday. WeWork lifts veil on finances with IPO filing WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time that showed it lost almost $700 million in the first half of 2019 while doubling revenue. China's economy worsens in July, industrial growth at 17-year low as trade war escalates China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers. Stocks wilt as bond markets flash recession warnings Stock markets slumped on Wednesday as Germany's economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports. Oil prices fall on disappointing economic data from Europe and China Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session's sharp gains after the United States said it would delay tariffs on some Chinese products. Air Canada sees A220 jet delivering boost for key U.S. transit traffic Air Canada said on Wednesday it will launch a direct Seattle-Montreal service next spring with its new A220-300 jets, as the carrier eyes new routes to grow its share of lucrative international transit traffic to and from the United States. India's Coffee Day to sell Bengaluru tech park to Blackstone, cut debt Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt. StanChart eyes $100 billion private bank assets in growth push, to hire bankers Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and will hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said. Anbang's Japan properties up for sale, Blackstone seen bidding: sources China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said. Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught Hong Kong's biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world's most profitable banking markets. Related Video No-deal Brexit will be stopped, Hammond says Global economy: Germany shrinks, China worsens Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook