Airbus launched its A321XLR jet and announced orders for the new model, as the European planemaker aims to carve out new routes for airlines with smaller planes and steal a march on rival Boeing's plans for a possible new mid-market jet.
Boeing said on Monday engine issues were the key factor to be resolved in the development of its new 777X aircraft, but that the plane was performing well as it moves towards a flight test later this year.
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Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.
The U.S. Navy expects additional U.S. and international orders for the Boeing P-8A Poseidon maritime patrol aircraft in coming months, which should extend production by two years to late 2025, a senior U.S. Navy official told Reuters.
Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday.
Just about half of Americans are hitting the road in the next three months. Where are we headed and how will we get there? For the most part, it's somewhere we can drive to.
Wall Street bank Goldman Sachs Group Inc is combining its private-investing arms, with the resulting new division to have about $140 billion in assets, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The Canadian government's contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space debris.
Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday.
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its stagnant stock price.
Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world's largest planemakers as they arrive at this week's Paris Airshow with little to celebrate despite bulging order books.
Goldman Sachs economists said on Sunday they are skeptical of "insurance" U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.
Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election.
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