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Stakes rise for Boeing as EU, Canada step up scrutiny

25 min ago

Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.

Hopes of accommodative Fed spur Wall Street to five-month highs

49 min ago

The S&P 500 and Nasdaq held at five-month highs on Tuesday as investors hoped the Federal Reserve would stick to its patient stance at the end of a two-day policy meeting this week, shrugging off mixed reports on the U.S.-China trade talks.

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

1 hour ago

The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it had fined Citigroup $25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race, color or other factors.

General Motors to invest $2.7 billion in Brazil's Sao Paulo over five years

1 hour ago

General Motors Co said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants in Sao Paulo state over the next five years, reversing what the state's governor said was a previous plan to shut down the plants, potentially costing 65,000 jobs.

Colombian proposal to ditch NY coffee price may send buyers elsewhere

1 hour ago

A proposal by Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.

Riding with 'Uncle Diego': Uber's wild drive for growth in Chile

2 hours ago

The Uber driver pulled up to the international airport outside Chile's capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.

Aluminum maker Hydro battles to contain ransomware attack

2 hours ago

Norsk Hydro, one of the world's largest aluminum producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business and industry.

U.S. factory orders barely rise; shipments fall further

2 hours ago

New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.

Lenders and travelers stick with Ethiopian Airlines, for now

3 hours ago

Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people.

Transport Canada sending team to assist with proposed software changes for 737 MAX

3 hours ago

Transport Canada said on Tuesday it would send a team to assist the U.S. Federal Aviation Administration in evaluating proposed design changes to update the software on Boeing's now grounded 737 MAX jet.

Global shares at five-month high, sterling rides Brexit twists

3 hours ago

Stock markets across the world rose on Tuesday for a seventh session, the longest winning streak of the year, while sterling wobbled against the U.S. dollar on expectations European Union officials would allow Britain a delay on Brexit negotiations.

EU to study Boeing software updates before allowing flights to resume

3 hours ago

The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc's aviation safety agency said.

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

4 hours ago

A crisis at India's Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.

Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

5 hours ago

Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch's media business after the $71 billion sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co.

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

5 hours ago

Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.

Norway says Norsk Hydro has been exposed to LockerGoga ransomware attack

6 hours ago

Aluminum producer Norsk Hydro has been exposed to a LockerGoga ransomware attack, a spokesman for the Norwegian National Security Authority, in charge of cyber security, told Reuters on Tuesday.

Hackers demanded ransom money from Norsk Hydro to stop cyber attack: NRK

6 hours ago

Hackers demanded ransom money from Norsk Hydro to stop an ongoing cyber attack on its IT systems, public broadcaster NRK reported on its website, citing a message sent by the Norwegian National Centre for Cybersecurity.

Fiat Chrysler revs up as Peugeot points to merger potential

6 hours ago

Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options.

Exclusive: Advent and Blackstone among bidders for WPP market research arm Kantar - sources

6 hours ago

A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters.

People want higher taxes on rich, better welfare: 21-country OECD survey

6 hours ago

A strong majority of people in wealthy countries want to tax the rich more and there is broad support for building up the welfare state in most countries, a survey conducted for the OECD showed on Tuesday.