China Southern Airlines has signed a deal to buy 38 aircraft from U.S. planemaker Boeing Co with a combined price tag of $5.65 billion, the Chinese carrier said on Friday. Continue Reading Below China’s largest airline by passenger numbers has agreed to buy 8 B777-300ER wide body jets and 30 […]
Reuters Top Video News
Oil rises on tighter fundamentals, but China warning holds back market
Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $57.39 at 0420 GMT, up 16 cents, or […]
Senate passes budget blueprint key to Trump tax effort
President Donald Trump’s drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. Continue Reading Below By a 51-to-49 vote, […]
Democrats fail to block Arctic reserve oil drilling
U.S. Senate Democrats on Thursday failed to pass a measure to block oil and gas drilling in part of the Arctic National Wildlife Reserve, losing to Republicans who believe production there would provide jobs and wealth. Continue Reading Below An amendment blocking the development failed 48-52, mostly along party lines. […]
Lyft says Alphabet leads latest $1 billion round of funding
Uber rival Lyft said on Thursday Capital G, the growth investment fund of Google parent company Alphabet Inc (GOOGL), led a $1 billion round of financing, boosting the valuation of the ride-hailing service to $11 billion. Continue Reading Below The company already received an investment from GM but it looks […]
FDA approves Gilead cancer gene therapy; price set at $373,000
U.S. regulators approved on Wednesday a new therapy for a type of lymphoma, which was developed by Gilead Science Inc’s Kite Pharma, marking the second approval for this potentially revolutionary approach to fighting cancer. Continue Reading Below The Food and Drug Administration approved the gene therapy, to be sold under […]
Oil markets stable on tighter US market, expected extension of OPEC supply cuts
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Continue Reading Below Brent crude futures were at $58.10 at 0411 GMT, slightly lower than their last close, but around 30 percent above mid-year levels. […]
U.S. bankers hold onto hopes that Trump will boost profits
Top U.S. bankers are still hoping that President Trump’s administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far. Continue Reading Below Optimism about tax cuts, infrastructure investment and an unwind of […]
China third-quarter GDP growth slows as expected
China’s economic growth slowed slightly as expected in the third quarter as the government’s efforts to rein in the property market and debt risks tempered activity in the world’s second-largest economy. Continue Reading Below The economy grew 6.8 percent in the third quarter from a year earlier, in line with […]
Trump selects Washington lawyer Joe Simons to head FTC: official
President Donald Trump has selected Joseph Simons, an antitrust attorney from a Washington law firm, to head the Federal Trade Commission, a White House official said on Wednesday. Continue Reading Below Trump is expected to nominate Simons to the agency, along with Noah Phillips and Rohit Chopra to be FTC […]