Current feed - Reuters: Business News
Boeing crisis, trade tensions cast pall over air show
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.
Boeing says will take time to win back confidence
The head of Boeing Co said on Sunday the U.S. planemaker had made a mistake in implementing a cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fatal crashes.
Canada backs startup to boost data on space debris
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.
Take Five: The Fed and the rest
With President Donald Trump's trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more aggressive after Federal Reserve Chair Jerome Powell threw open the door to a cut, promising on June 4 the Fed would act "as appropriate" to address risks from the trade dispute. It was the second sudden shift in the Fed's tone, after January when it abandoned its bias toward steady tightening.