Tuesday 19 July 2022

Brazil's Embraer agrees on defense partnership with BAE Systems

Brazil's Embraer agrees on defense partnership with BAE Systems

Brazilian planemaker Embraer SA said on Tuesday it has signed two memorandums of understanding with BAE Systems PLC to expand their footprint in the global defense market, according to a statement.

Lockheed lowers 2022 revenue outlook on charges, F-35 headwinds

U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and as losses at its venture arm and other one-time charges piled up.

Boeing nears deal to sell small number of 787s to AerCap -source

Boeing Co is nearing a deal to sell a small number of 787 jets to aircraft lessor AerCap Holdings that could be announced as soon as Tuesday at the Farnborough Airshow, a source told Reuters.

EXCLUSIVE CVC, Kronospan in joint bid for West Fraser Timber-sources

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co , people familiar with the matter said on Tuesday.

EU to add Sberbank, Russian metals baron to sanctions list

The EU is set to add Russia's top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies banned for supporting Moscow's invasion of Ukraine, according to draft documents seen by Reuters.

Futures rise as Apple ekes out gains as earnings gather steam

U.S. stock index futures rose on Tuesday as Apple shares edged higher after sharply dropping in the previous session, while investors focused on another round of earnings to gauge the strength of corporate America.

Investor pessimism worst since 2008 crisis, Bank of America says

Expectations of global growth and corporate profits have plunged to a record low, according to a monthly BofA fund manager survey with cash levels rising to their highest in more than two decades as investors cut their exposure to risky assets.

Promoting women will boost economic potential of U.S. and South Korea, Yellen says

Boosting women's participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, U.S. Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul.

China to fine Didi more than $1 billion for data breaches, sources say

Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing firm Didi Global , people familiar with the matter said on Tuesday, a move that could bring an end to a probe into the firm's cybersecurity practices.

U.S. sustainable funds returned to inflows in June, report says

Investors resumed deposits into U.S. sustainable funds last month, marking a return to the norm after net withdrawals in May broke a three-year streak of monthly inflows, researcher Morningstar said on Monday.

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