By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) – Saudi Arabia will pledge new voluntary production cuts as part of a broader OPEC+ output-limiting deal, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. The group, known as OPEC+, delayed the start of formal talks by…
By Tim Hepher, Aditi Shah and Joanna Plucinska ISTANBUL (Reuters) – Airbus is closing towards a potentially record deal to sell 500 narrow-body A320-family jets to India’s largest carrier IndiGo, industry sources said on Sunday. The European planemaker has emerged as front-runner for an order eclipsing Air India’s historic provisional purchase of 470 jets in…
ISTANBUL (Reuters) – Airbus is closing in on a potentially record deal to sell 500 narrowbody A320-family jets to India’s largest carrier, Indigo, industry sources said on Sunday. The European planemaker has emerged as front-runner for an order eclipsing Air India’s historic provisional purchase of 470 jets in February, the sources said on the sidelines…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. The group, known as OPEC+, delayed the start of formal talks by at least…
ISTANBUL (Reuters) – European planemaker Airbus is seeing a more predictable pattern in its industrial activities and what appears to be the start of a more positive trend in deliveries, Chief Commercial Officer Christian Scherer said. “The trend seems to want to be positive. We are seeing a steady increase in our ability to fly…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies will meet on Sunday to debate a new deal possibly adjusting countries’ output quotas and a further cut in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+, which groups the Organization…
(Reuters) – UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse, the Financial Times reported on Sunday. The bank is scheduled to report its April-June results on July 25. UBS did not immediately respond to a…
By Dawn Chmielewski (Reuters) -Walt Disney’s Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. The cuts included “Lightyear” director Angus MacLane, a 26-year animator who was part of the senior creative…
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following…
By Dawn Chmielewski (Reuters) -Walt Disney’s Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. The cuts included “Lightyear” director Angus MacLane, a 26-year animator who was part of the senior creative…
