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Current feed - Reuters: Business News

Goldman skeptical of 'insurance' U.S. rate cuts from Fed
Goldman Sachs economists said on Sunday they are skeptical of "insurance" U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.

Boeing crisis, trade tensions cast pall over air show
Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books.

Boeing says will take time to win back confidence
The head of Boeing said on Sunday the U.S. planemaker had made a mistake in implementing a faulty cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fatal crashes.

Canada backs startup to boost data on space debris
The Canadian government's contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space debris.

Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election.

Exclusive: Boeing seeking to reduce scope, duration of some physical tests for new aircraft - sources
Boeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify the planemaker's new aircraft, according to industry sources and regulatory officials.

China's FedEx probe should not be seen as retaliation: Xinhua
China's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States.

U.S. Navy official sees more orders for Boeing P-8A in coming months
The U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft in coming months, which should extend production by two years to late 2025, a senior U.S. Navy official told Reuters.

India to impose retaliatory tariffs on 28 U.S. goods from Sunday
India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi.

Target says registers back online, blames outage on technology issue
Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases.

 

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