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Trump says middle class tax cut to be announced over next 90 days: Fox Business

U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.



5 years ago

Major 737 MAX buyer Air Lease remains confident in demand for jet

Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing's grounded 737 MAX, remains confident in the jet's long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return.



5 years ago

Airbus flies to record highs, TUI falls after latest Boeing blow

Airbus' shares rose to record highs on Wednesday, after its U.S. arch rival Boeing warned of new issues with the Boeing 737 MAX plane, while customers and suppliers slumped after the latest blow from the U.S. aerospace company.



5 years ago

Trump says Fed raising rates was a mistake: CNBC

The United States' economy would be growing at a pace near 4% if wasn't for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday.



5 years ago

Jaguar Land Rover to cut over 10% of workforce at UK Halewood factory: union

British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.



5 years ago

Stocks shake off China virus worries, dollar gains

World stock markets looked to be getting back to full strength on Wednesday, as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.



5 years ago

Sainsbury's turns to retail boss as CEO checks out

Sainsbury's has picked retail boss Simon Roberts to succeed CEO Mike Coupe, the architect of the British retailer's failed bid for rival Asda who will step down in May after six years at the helm.



5 years ago

Oil slides as IEA surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns about disruptions that have slashed Libya's crude output.



5 years ago

Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 - sources

Bank of America Corp will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said.



5 years ago

Trump threatens big tariffs on car imports from EU if no trade deal struck: CNBC

U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.



5 years ago

Latest 737 MAX delay prompts big buyer flydubai to consider leasing options

Airline flydubai, a major Boeing 737 MAX customer, is considering leasing additional aircraft following the latest setback to the grounded jet's return to service.



5 years ago

Renault chairman hopes decision on new CEO is made 'in coming days'

Renault Chairman Jean-Dominique Senard said Wednesday he hoped the decision on the French carmaker's new CEO would be made in "the coming days".



5 years ago

Swiss franc falls as central bank intervention talk outweighs virus worries

The Swiss franc fell on Wednesday on signs the central bank may be intervening to stop it rising further, outweighing the impact of concerns about the spread of a new coronavirus that have driven investors into safe-haven assets this week.



5 years ago

Johnson & Johnson quarterly profit jumps 32%

Johnson & Johnson on Wednesday posted a 32% rise in fourth-quarter profit, boosted by demand for its cancer drugs Darzalex and Imbruvica.



5 years ago

Jaguar Land Rover to cut 10% of workforce at UK Halewood factory

British carmaker Jaguar Land Rover (JLR) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site.



5 years ago