Markets

CHICAGO: Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday (Feb 12). Boeing was building 52 MAX...

Food giant Nestle has set up new structures to turn innovative ideas from outside and inside the company into new products, its technology head told journalists on Wednesday ahead of the publication of the group's full-year results.

Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately.

BEIRUT: Lebanon will ask the IMF for technical help with a plan to escape financial collapse, including how to restructure its public debt, a government source told Reuters on Wednesday (Feb12). As the government grapples with an economic crisis that has fuelled increasingly violent protests ...

U.S. President Donald Trump on Wednesday signed an executive order directing U.S. agencies to test the vulnerabilities of critical infrastructure systems in the event of a disruption or manipulation of satellite-based global positioning system services (GPS).

Outsized stock price gains for Apple Inc and Microsoft Corp mean the two tech titans' shares have attained unusual status: a combined weight of 10per cent of the benchmark S&P 500 index.

BUENOS AIRES: Recession-hit Argentina opens talks this week with a team from the International Monetary Fund, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. With the IMF delegation due to arrive in Buenos Aires on Wednesday (Feb 12) for a three-day ...

LONDON: European stock markets climbed on Wednesday (Feb 12) on easing investor concerns over the economic impact of COVID-19. While the death toll from China's coronavirus epidemic climbed past 1,100 on Wednesday, the number of new cases fell for a second straight day, raising hope the outbreak ...

Facebook has postponed the rollout of its new dating services in the European Union scheduled for Thursday after Ireland's Data Protection Commissioner (DPC), the company's main regulator in the bloc, raised concerns about the launch.

WASHINGTON: Federal Reserve Chair Jerome Powell on Wednesday (Feb 12) reiterated his confidence in the sustainability of the record-long US economic expansion, now in its 11th year. "There’s no reason why the current situation of low unemployment, rising wages, high job creation - there’s no ...