A worker transports melons for packing in Madauk, Bago

Coronavirus, politics and trade compound problems for Airbus A330neo

By Tim Hepher PARIS (Reuters) – Airbus <AIR.PA> is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said. The response has included Airbus focusing on A330neo sales ahead of other models, pressing for Chinese […]

China’s central bank says economic growth resilient despite large pressure

BEIJING (Reuters) – China’s central bank said on Wednesday that economic growth remains resilient despite relatively large downward pressure and mounting external uncertainty. The People’s Bank of China (PBOC) will work on preventing and defusing financial risks amid “profound changes” in the domestic and international economy, it said in a statement following the fourth-quarter meeting […]

EU clears UTC purchase of Raytheon, subject to conditions

BRUSSELS (Reuters) – The European Union has cleared United Technologies Corporation’s (UTC) <UTX.N> planned acquisition of Raytheon <RTN.N>, subject to conditions, the European Commission said on Friday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion, in what would be the […]