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Reuters: Business News

Boeing CEO expects to resume 737 MAX production before mid-year
Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.


POSTED JANUARY 22, 2020 7:21 PM
Boeing's new CEO orders rethink on key jetliner project
Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis.


POSTED JANUARY 22, 2020 7:21 PM
Toyota union to seek smaller pay rise in 2020 vs last year: NHK
Toyota Motor Corp's labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year.


POSTED JANUARY 22, 2020 7:19 PM
U.S. economy to coast, no big boost expected from trade deal: Reuters poll
The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.


POSTED JANUARY 22, 2020 7:12 PM
UK pay settlements slow in December, start 2020 cautiously: XpertHR
British employers offered their staff a median annual pay settlement of 2.2% in the three months to December, down from 2.6% in the three months to November, industry data showed on Thursday.


POSTED JANUARY 22, 2020 7:07 PM
Finance wants competitiveness role for UK watchdogs after Brexit
Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday.


POSTED JANUARY 22, 2020 7:05 PM
Avolon CEO sees new Boeing MAX timeline as 'worst case scenario'
The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker's new June to July horizon for getting the grounded aircraft back in the air was a "worst case scenario."


POSTED JANUARY 22, 2020 6:59 PM
ECB to launch review that will redefine its mission and tools
European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB's main goal and how to achieve it.


POSTED JANUARY 22, 2020 6:06 PM
Commonwealth Bank of Australia's pension arm hit with another class-action lawsuit
Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.


POSTED JANUARY 22, 2020 5:49 PM
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.


POSTED JANUARY 22, 2020 5:46 PM

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