By Tim Hepher and Alexander Cornwell DUBAI (Reuters) – Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the Dubai Airshow on Monday, as Emirates renews confidence in the delayed Boeing 777X while facing new competition from rivals like Turkish Airlines. Hosts Emirates and low-cost …
Looming Emirates 777X deal to kickstart Dubai Airshow -sources Read More »
By Libby George and Bansari Mayur Kamdar LONDON (Reuters) – Foreign investors pulled a record amount of money from U.S. equity funds tracking Saudi Arabia in October as the Middle East’s worst violence in decades shook the region’s business-friendly narrative. The iShares MSCI Saudi Arabia ETF saw record net outflows in October of more than …
Investors pull record sums from Saudi in Middle East fund flight Read More »
By Ernest Scheyder (Reuters) -Exxon Mobil is set to unveil its long-awaited lithium strategy on Monday with an announcement that it aims to start production of the electric vehicle (EV) battery metal in Arkansas by 2026, according to a source with direct knowledge of the oil major’s plans. Exxon’s expansion into the sector comes as …
Exclusive-Exxon aims to begin lithium production by 2026 in Arkansas -source Read More »
By Davide Barbuscia and Andrea Shalal NEW YORK/WASHINGTON (Reuters) – Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden’s administration. The move follows a rating downgrade of the sovereign …
Moody’s turns negative on US credit rating, draws Washington ire Read More »
By Shivansh Tiwary (Reuters) -United Auto Workers (UAW) union members at General Motors’ Flint assembly plant in Michigan have narrowly voted against a proposed contract with the U.S. automaker, the local chapter said. The vote signals that approval of the deal, which is set to raise costs significantly for GM, is not guaranteed. In a …
UAW workers at GM’s Flint plant narrowly vote against new labor deal Read More »
NEW YORK (Reuters) – A top analyst at Moody’s said political polarization in the United States will likely complicate budget-making decisions ahead of the 2024 presidential election, which could delay any change of the rating agency’s outlook on the government back to a stable outlook. Moody’s changed the U.S. credit outlook to negative from stable …
Moody’s analyst sees polarization around US budget issues persisting next year Read More »
(Reuters) -Moody’s on Friday changed the outlook on the government of United States of America’s ratings to “negative” from “stable”. The rating agency said it expects United States’ fiscal deficits will remain very large, significantly weakening debt affordability. Moody’s affirmed the long-term issuer and senior unsecured ratings at “Aaa”. COMMENTS: MARK SOBEL, FORMER SENIOR TREASURY …
Moody’s changes US ratings outlook to negative, affirms AAA Read More »
By Lewis Krauskopf, Amruta Khandekar and Shristi Achar A (Reuters) – Wall Street’s main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to a next week’s reports on inflation and other economic data. The tech-heavy Nasdaq Composite posted its biggest one-day …
Wall Street soars, fueled by tech as Treasury yields calm Read More »
By Shivansh Tiwary and Doyinsola Oladipo (Reuters) -Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts hours before a strike deadline, their unions said on Friday, ending the threat of a labor stoppage against casino operators that could have crippled tourism in the city. The new five-year agreement covers 5,000 employees …
Wynn Resorts reaches deal with Las Vegas unions, avoiding strike Read More »
By Alexander Cornwell, Tim Hepher and Valerie Insinna DUBAI/WASHINGTON (Reuters) -Dubai will stage its high-profile aerospace pageant next week against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons while closing airspace and making flights longer and more expensive for some airlines. The biennial Dubai Airshow is typically a …
Dubai to showcase demand for jets under shadow of Mideast tensions Read More »
