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Honeywell profit beats on higher demand for aircraft parts

Jul 20 2018

Honeywell (HON.N) on Friday reported a higher-than-expected quarterly profit as it sold more aircraft parts and services to business jet and commercial airline customers, prompting the company to raise its 2018 earnings forecast for the third time.

Airbus renews attempt to sell parts maker PFW Aerospace: Sources

Jul 20 2018

Airbus (AIR.PA) is making a fresh attempt to sell supplier PFW Aerospace, which it acquired in 2011 to avoid an insolvency of the maker of precision tubes and components, sources close to the matter said.

Airbus shares upgraded to 'buy' rating by Citigroup

Jul 20 2018

U.S. investment bank Citigroup raised its stock market rating on Airbus (AIR.PA) to “buy” from “neutral”, citing positive impacts from pricing and more favourable foreign exchange movements.

Italy state pensions chief takes aim at anti-establishment govt

Jul 20 2018

A dispute between the chief of Italy’s state pensions agency INPS and the government came to a head when the civil servant accused one ruling party leader of threatening him, and another of losing touch with reality.

Boeing wins air show overshadowed by incognito jet orders

Jul 19 2018

Boeing (BA.N) claimed victory on Thursday after outselling rival Airbus (AIR.PA) at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable tally of around 900 firm and draft orders with the help of leasing industry demand.

WTO arbitrators to consider US request for sanctions in Airbus case

Jul 19 2018

World Trade Organization (WTO) arbitrators will evaluate a U.S. request to impose billions of dollars worth of sanctions on European products after a final WTO ruling that found the European Union had made illegal subsidies to Airbus (AIR.PA).

Boeing, Hawaiian Airlines finalize deal on 787s

Jul 19 2018

Hawaiian Airlines [HAII.UL] said it would buy 10 787-9 widebodies from Boeing Co (BA.N) with purchase rights for up to 10 more 787 aircraft, striking a blow to rival Airbus amid dwindling widebody sales.

White House buys two Air Force One planes for $3.9 bn

Jul 19 2018

White House said it had signed a $3.9 billion contract with aircraft manufacturer Boeing to purchase two Air Force Ones.

UK inflation fails to rise in June, giving BoE pause for thought

Jul 18 2018

British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month.

Tame UK inflation knocks BoE rate hike expectations

Jul 18 2018

British inflation unexpectedly held steady last month, denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10-month low against the dollar.

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Global Markets

 

Stocks In News

 

EROS

Xiaomi MI TV enter into distribution partnership

FORTIS HEALTHCARE

IHH makes open offer for 197.03 Mn shares of Fortis Healthcare

UPL

 Seeks $3 Bn Loan To Buy Arysta

IDBI BANK

Board meet today to finalise LIC deal

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