By Jamie Freed and Eric M. Johnson (Reuters) – The deadly crash of a China Eastern Airlines 737-800 could set back Boeing’s efforts to regain ground in the world’s biggest aircraft market and deliver more than 140 737 MAX jets already constructed for Chinese customers. The 737-800 that crashed on Monday does not have the…
By Nupur Anand and Abhirup Roy MUMBAI (Reuters) -Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer’s stores, two bankers told Reuters. Future, hit by the pandemic, has been struggling to pay off its debt and…
(Reuters) – Weeks after Moscow forced the 11th-hour cancellation of a rocket launch for British satellite venture OneWeb from Russia’s Baikonur Cosmodrome in Kazakhstan, the company said on Monday it has contracted with Elon Musk’s SpaceX to send its satellites into orbit. Terms of the deal with California-based SpaceX, a direct competitor of OneWeb in…
BEIJING (AP) — A China Eastern Boeing 737-800 with 132 people on board crashed in a remote mountainous area of southern China on Monday, officials said, setting off a forest fire visible from space in the country’s worst air disaster in nearly a decade. More than 18 hours after communication was lost with the plane,…
By Erwin Seba and Gary McWilliams (Reuters) -Picketers marching at the gates of a large Chevron Corp oil refinery outside of San Francisco said on Monday they could endure a lengthy walkout to press claims for a new labor contract. But the plant was continuing to operate normally and fuel supply and prices are not…
LOS ANGELES (AP) — Thousands of southern and central California grocery workers started voting Monday on whether to authorize their union to call a strike against several major supermarket chains. About 47,000 workers at hundreds of Ralphs, Albertsons, Vons and Pavilions stores are eligible to vote this week. Results are expected to be released on…
By Davide Barbuscia NEW YORK (Reuters) -Sharp moves in the U.S. Treasury market are increasingly pointing to the risk of an approaching recession, with “bond vigilantes coming out of the woodwork” and markets doubting the U.S. Federal Reserve’s plan to engineer a “soft landing” for the economy as it hikes interest rates to fight inflation,…
(Reuters) -Pfizer Inc said on Monday it was recalling some lots of blood pressure drug Accuretic and two authorized cheaper versions of the drug due to the presence of elevated levels of a nitrosamine, a potential cancer-causing impurity. Pfizer said https://www.pfizer.com/news/press-release/press-release-detail/pfizer-voluntary-nationwide-recall-lots-accuretictm it has not received any reports of adverse events related to the drug till…
BUENOS AIRES (Reuters) – South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand for the key rechargeable battery metal. The announcement came right after the company met with local government officials. The funds will be…
NEW YORK (Reuters) – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from Fed Chair Jerome Powell. Powell said on Monday the Fed must move “expeditiously” to bring too-high inflation to heel, and will, if…
