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Boeing delays 777X plane's first test flight due to bad weather
Boeing Co said on Wednesday it was delaying 777X airplane's first test flight, which was scheduled to take place on Thursday, due to bad weather.

Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported.

Australia's Westpac hires former Barclays chairman to tide over crisis
Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.

Oil falls for third day amid growing concern over China virus
Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week.

Asian shares wilt, oil tumbles as China virus spreads
Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.

Yen firm over China virus concern; Aussie jumps on jobs data
The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment.

PG&E strikes deal with creditors over restructuring
Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.

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.

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.

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.

 

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