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Airbus hits record highs, 737 MAX buyers fall on latest Boeing news
PARIS/LONDON (Reuters) – Airbus’ <AIR.PA> shares hit record highs on Wednesday, after U.S. arch rival Boeing <BA.N> warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news. Boeing said on Tuesday that it did not expect to win approval for the 737 MAX […]
German coalition quarrels over how to spend record budget surplus
By Holger Hansen and Michael Nienaber BERLIN (Reuters) – Chancellor Angela Merkel’s ruling coalition is at odds over how to spend a record budget surplus, with her conservatives calling for corporate tax cuts while center-left Finance Minister Olaf Scholz is favoring more public investment. Berlin faces pressure at home and abroad to inject more fiscal […]
DP World returns to full state ownership, takes on $8.1 billion debt
(This 17th Feb. story corrects final paragraph to “raised” not “valued”) DUBAI (Reuters) – Dubai is to take full control of port operator DP World <DPW.DI> in a deal with a $13.9 billion valuation that will help the company at the center of the emirate’s 2009 debt crisis to repay some of its borrowings. DP […]