By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal crash and said investigators did not adequately address the performance of the flight crew. NTSB chair Jennifer Homendy said in an interview that Ethiopia’s Aircraft Investigation Bureau (EAIB) had…
(Reuters) – Short-seller Hindenburg Research said on Wednesday it holds short positions in India’s Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments. The seven listed companies of the Adani group, which is controlled by world’s third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg…
(Reuters) – Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index comes (SMI) as Twitter is moving to reverse the advertiser exodus. It has introduced a…
By Rae Wee SINGAPORE (Reuters) – The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand’s fourth-quarter inflation rose less than what its central bank had forecast. The euro held near a nine-month peak against the dollar, as…
By Maiya Keidan TORONTO (Reuters) -A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc, in a boost to the companies’ efforts to close a deal struck nearly two years ago. The deal, which would create Canada’s No. 2 telecoms…
By Yuvraj Malik and Jane Lanhee Lee (Reuters) – Microsoft Corp forecast cloud revenue for the current quarter at just below Wall Street expectations, dampening some enthusiasm for its beat on quarterly profit earlier on Tuesday. Shares initially rose sharply in after-hours trading but lost steam after the company’s cloud forecast. Microsoft said its third-quarter…
OTTAWA (Reuters) – Canada is disappointed the United States plans to maintain tariffs on Canadian softwood lumber imports, Ottawa said on Tuesday, arguing that a negotiated solution to the longstanding dispute was in the best interests of both countries. Canadian Trade Minister Mary Ng was responding to the U.S. Commerce Department’s preliminary decision to maintain…
(Reuters) – Fox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp in a deal that would have reunited the media empire he separated nearly a decade ago. (Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel)
(Corrects title of agency to add dropped word ‘Union’ in para 1) (Reuters) – Boeing and European regulators are “hopefully converging” in talks over design requirements for the future 777X airliner, the head of the European Union Aviation Safety Agency (EASA) said on Tuesday. The agency has been seen at odds with Boeing for more…
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – Elon Musk testified on Tuesday that he had “no ill motive” when he tweeted in 2018 that he had funding lined up to buy out his electric car company Tesla Inc, a claim that some shareholders have branded a lie. Musk is defending against claims he…
