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India minister says confident airline capacity problems will be solved

India's new civil aviation minister said on Friday he is confident that airline capacity shortage problems following the grounding of Jet Airways Ltd will be solved, in the government's first comments about the issue since it was re-elected last month.



5 years ago

Exclusive: Hong Kong tycoons start moving assets offshore as fears rise over new extradition law

Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions.



5 years ago

Oman Air plans Airbus talks unless Boeing provides 737 Max support plan

Oman Air CEO Abdulaziz Al Raisi plans to hold talks with Airbus if Boeing does not provide a support and recovery plan for its grounded 737 MAX planes before June 17, a statement by the Omani company said on Friday.



5 years ago

Chip stocks are tanking after 'depressing' Broadcom earnings in a bad sign for market

Broadcom led a plunge in chip stocks Friday after the chipmaker missed revenue expectations and lowered guidance.

5 years ago

Broadcom's $2 billion warning shocks global chip sector

LONDON/BENGALURU - Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year.



5 years ago

U.S. retail sales rise in May; April revised higher

U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.



5 years ago

Lessons from Dad: The best money advice CNBC anchors received from their fathers

Parents have a big influence on their kids, including when it comes to money. With Father's Day just around the corner, we asked our CNBC anchors and reporters the best money advice they received from their dads.

5 years ago

Norwegian Air expects Boeing 737 MAX fleet to remain grounded until end of August

Norwegian Air expects Boeing's 737 MAX aircraft to remain grounded until at least the end of August, missing the European summer season, CEO Bjoern Kjos said on Friday.



5 years ago

United States suspends WTO intellectual property litigation against China

The United States has halted a World Trade Organization dispute over China's treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday.



5 years ago

Stock futures drop on Broadcom warning, Chinese gloom

U.S. stock index futures dropped on Friday, as the long-feared hit to global growth from President Trump's trade war crystallized in slashed sales forecasts from chipmaker Broadcom, and signs of the worst slowdown in Chinese industry in 17 years.



5 years ago

Half of Americans say their financial situation hasn't improved since the Great Recession

The Great Recession ended a decade ago. Many Americans are still waiting for their finances to improve.

5 years ago

Toronto’s Wave Financial purchased by H&R Block for $537-million

Globe and Mail | Sean Silcoff | June 11, 2019 Toronto accounting software firm Wave Financial Inc. has been purchased by tax services giant H&R Block, Inc. for US$405-million. It’s the latest in a string of “exits” – takeovers or initial public offerings – of venture-backed Canadian firms this year that have commanded relatively large valuations

5 years ago

Wall Street opens lower as Broadcom warning hits tech stocks

U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump's trade war crystallized in slashed sales forecast from chipmaker Broadcom.



5 years ago

White House says it will meet two-year deadline for Huawei ban for contractors

The White House Office of Management and Budget has told the U.S. Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei, part of a defense law passed last year, according to a letter seen by Reuters.



5 years ago

Nissan CEO: Will discuss differences in views with 'important' partner Renault - Jiji

Nissan Motor's chief executive said on Thursday he would discuss differences in views over the automaker's plan to reform its governance directly with Renault, calling the French car maker an important shareholder and partner, Jiji news agency reported.



5 years ago