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U.S. oil and gas exports should jump over the next two years if China fulfills its pledges to increase energy purchases under the trade deal between the world’s two largest economies signed on Wednesday, executives and traders said. The accord Read more
The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute Read more
Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products but recovered some of the losses later by the signing of a Phase 1 trade deal between Washington and Beijing. Brent LCOc1 Read more
Airbus (AIR.PA) sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday. With some airlines seen unlikely to take delivery of all the jets they have ordered, there Read more
South African telecoms company Telkom SA (TKGJ.J) told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services. Like other African telecoms firms, Read more
A software update for the GTF engine on Airbus’ smallest jet, the A220, is expected in the spring, pending regulatory approval, a top executive at United Technologies Corp’s (UTX.N) Pratt & Whitney aircraft engine division said on Wednesday. Checks were Read more
U.S. Vice President Mike Pence said on Wednesday that discussions had already begun on a “Phase 2” U.S.-China trade deal, hours after Washington and Beijing signed an initial trade pact that defused some tensions but left some major issues unresolved. Read more