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Royal Air Maroc suspends deal for two more Boeing 737 MAX jets: source

Morocco’s national carrier Royal Air Maroc (RAM) has suspended a deal to purchase two more Boeing 737 MAX jets after the same model of aircraft crashed in Ethiopia, a source from the airline told Reuters on Thursday.



5 years ago

Goldman downgrades Cisco, says trade 'uncertainty' is causing businesses to cut spending

Goldman Sachs downgraded Cisco to a neutral rating based on a slowdown in enterprise spending, which the firm believes is fueled by trade tensions.

5 years ago

Oil prices steady as latest U.S.-China trade talks loom

Oil prices were steady on Thursday as the U.S.-China trade war continued to cloud prospects for the global economy and fuel demand despite a resumption in talks seeking a resolution to the 15-month conflict.



5 years ago

Here's how many workers are saving the maximum in their retirement plans

A handful of ambitious taxpayers managed to sock away the maximum amount to their 401(k). Here's how to work toward that.

5 years ago

BMW bets on doubling of luxury car sales to boost margins

BMW aims to double sales of large luxury cars next year from 2018 levels to help revive profit margins hit by investments in new technologies, Chief Financial Officer Nicolas Peter said on Thursday.



5 years ago

Renault board to meet, as CEO skirts departure reports

Renault's CEO Thierry Bollore skirted the matter of his potential exit from the firm in a conversation with staff on Thursday, two company sources said, as the carmaker said it was calling a board meeting on Friday to discuss governance matters.



5 years ago

Chinese vice premier arrives at USTR offices for high-level trade talks

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer greeted Chinese Vice Premier Liu He on the steps of the USTR office on Thursday for the highest-level trade talks between the two countries since late July.



5 years ago

Wall Street set to open weaker as focus turns to high-level U.S.-China trade talks

Wall Street's main indexes were set to open lower on Thursday, as top negotiators from the United States and China meet for the first time since late July to try to hammer out a deal to end the 15-month long trade war.



5 years ago

U.S. consumer inflation muted; labor market tightening

U.S. consumer prices were unchanged in September and underlying inflation retreated, supporting expectations the Federal Reserve will cut interest rates in October for the third time this year amid risks to the economy from trade tensions.



5 years ago

WeWork India seeks new backers after talks with local bank collapse

WeWork's India franchise has seen talks with existing backer ICICI Bank on $100 million in new funding break down since The We Company's botched stock market launch and is in discussions on raising $200 million from other investors, the venture's chief shareholder Jitu Virwani said on Thursday.



5 years ago

Swiss National Bank and BIS use innovation hub to explore digital central bank money and DLT

Finextra | Oct 8, 2019 The Swiss National Bank (SNB) is working with the Bank for International Settlements (BIS) on an innovation hub in Switzerland that will initially focus on research into digital central bank money and distributed ledger technology. The SNB is working with SIX on the research, embarking on a proof of concept

5 years ago

No-deal Brexit tariffs would be unsustainable for Nissan in Europe

No-deal Brexit tariffs of 10% on cars would be unsustainable for Nissan in Europe, where the carmaker's operations include a British and Spanish plant, the Japanese firm warned on Thursday.



5 years ago

Retail credit card rates average 26%. Here's how to head off trouble if you sign up for one

With interest rates on some of these cards hovering around 30%, it's important to know exactly what you're agreeing to if you sign up for one.

5 years ago

Oil prices rise as OPEC pledges decision on supply

Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.



5 years ago

Wall Street jumps as trade deal hopes rise

U.S. stocks rose on Thursday after President Donald Trump confirmed he would meet Chinese Vice Premier Liu He on Friday for further trade talks, adding to optimism following a report that China was willing to reach a deal.



5 years ago