DUBAI -Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of…
-SeaWorld Entertainment Inc said on Tuesday amusement park operator Cedar Fair LP has rejected the company’s takeover offer and it does not see a path to a transaction now. The…
By Jonathan Spicer and Nevzat Devranoglu ANKARA – President Tayyip Erdogan’s government is hoping that Turks will endure soaring living costs for just a few more months before inflation begins…
-U.S. crude oil stockpiles rose unexpectedly last week, even as inventories at the key Cushing hub dropped to their lowest level since 2018, the Energy Information Administration said on Wednesday.…
By Alexandra Valencia QUITO – Ecuador’s mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on…
LONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5…
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw…
DUBAI – Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia…
By Patturaja Murugaboopathy – Global non-financial companies have issued the lowest debt volumes in three years in the first six weeks of 2022, deterred by rising interest rates as governments…
WASHINGTON – U.S. business inventories increased strongly in December, with motor vehicle stocks accelerating, a sign that the worst of the global semiconductor shortage was probably behind. Business inventories increased…
WASHINGTON – Toyota Motor Corp said Wednesday it has resumed normal production at six plants in Ontario and the United States after protests by Canadian truck drivers prompted supply problems.…
– Backers of the U.S. biofuel industry told lawmakers on Wednesday that the nation’s renewable fuel mandates are good for farmers, national security and the environment, defending the controversial program’s…
By Tim Hepher PARIS – Airbus has launched a review of its defence strategy that could open the door to more strategic partnerships as Europe’s arms makers juggle security threats…
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to…
-SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on…
BERLIN – Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with…
By Elizabeth Dilts Marshall NEW YORK -Bank of America Chief Executive Brian Moynihan said on Tuesday that consumer spending has continued to grow so far in February, indicating that the…
By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising…
By Ange Aboa ABIDJAN – Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the…
By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January. Canada’s…
WASHINGTON – Production at U.S. factories increased moderately in January as motor vehicle output fell for a second straight month amid an ongoing global shortage of semiconductors. Manufacturing output gained…
-Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in…
PARIS – Wall Street bank Goldman Sachs said its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader…
By Joseph White DETROIT – Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems…
By Paresh Dave NEW YORK – Alphabet Inc’s Google on Wednesday said it would keep alive for at least two years a tracking technology on its Android phones that is…