Tuesday 22 October 2019

Pound, stocks slip; lawmakers reject Brexit law timetable

Pound, stocks slip; lawmakers reject Brexit law timetable

Stocks on world markets declined, with the S&P 500 turning lower, and the pound weakened on Tuesday after British lawmakers rejected the government's proposed timetable for passing legislation to ratify a deal over Britain's exit from the European Union.

Intel files antitrust case against SoftBank-backed firm over patent practices

Chipmaker Intel Corp has filed an antitrust lawsuit against a SoftBank Group Corp-owned investment company alleging the firm stockpiled patents to hold up technology companies with numerous lawsuits.

U.S. business borrowing for equipment rises 18% in September: ELFA

U.S. companies' borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Air New Zealand to start non-stop Auckland to New York route in 2020

Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.

Boeing makes progress on 737 MAX, but FAA needs weeks to review

Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.

Boeing replaces top commercial airplanes executive

Boeing's top commercial airplanes executive Kevin McAllister is leaving the company as the planemaker continues to grapple with the fallout from two fatal crashes of its 737 MAX, the company said on Tuesday.

Mixed earnings, failed Brexit vote push down S&P 500

The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.

Exclusive: Blackstone, CVC seek to take Paysafe public - sources

Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.

Bank of Canada rate cut bets sink as investors eye post-election spending

Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year.

Fiat Chrysler to build new car battery hub in Turin

Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday.

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