By Rae Wee SINGAPORE (Reuters) – The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. Sterling was perched near a one-year high ahead of the Bank of England’s (BoE) interest…
(Reuters) – Workers at Spirit AeroSystems’ plant in Kansas, which makes critical structures for Boeing jetliners, will go on strike on Saturday, after rejecting a proposed four-year deal on Wednesday night, the International Association of Machinists and Aerospace Workers said. (Reporting by Valerie Insinna; Editing by Tom Hogue)
(Corrects story to delete extraneous word in bullet point, fix abbreviation in paragraph 4.) By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end…
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world’s busiest trade passages, the canal authority’s administrator said on Wednesday, citing shallower waters due to drought. The measure follows a series of depth restrictions in the 50-mile (80 km) canal since…
By Rae Wee SINGAPORE (Reuters) – The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. Sterling was perched near a one-year high ahead of the Bank of England’s (BoE) interest…
By Arathy Somasekhar (Reuters) – Oil prices held on to most of the previous day’s gains in early trade on Thursday as markets weighed an unexpected draw in U.S. crude oil stocks against the prospect of weaker demand after the Federal Reserve chairman hinted at further interest rate hikes. Brent futures slipped 8 cents, or…
(Reuters) – Activist investor Elliott Investment Management is increasing pressure on NRG Energy and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Elliott is in talks with potential candidates to replace the U.S. power company’s CEO as well as other top executives, the…
By David Shepardson WASHINGTON (Reuters) -Alaska Airlines is “anxious” to begin taking deliveries of the larger Boeing 737 MAX 10 to help it carry more passengers once the plane is certified, the carrier’s CEO Ben Minicucci said on Wednesday. Boeing must first win approval from the Federal Aviation Administration for its smaller MAX 7 before…
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas. The week’s main attraction, Fed Chair Jerome Powell’s testimony before the U.S. House Financial Services Committee, came and went without rearranging the pieces on the table much. The Japanese yen…
(Reuters) – U.S. defense contractor Lockheed Martin said on Wednesday it was continuing to work with the government on capability and performance upgrades for its F-35 jets. Lockheed, which expects the jet to remain in service until 2070, said it would upgrade the engine to help deliver more power and greater cooling capability. “We stand…
