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Updated: 47 min 19 sec ago

Kellogg to take $35 million pretax restructuring charge

1 hour 4 min ago
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million for restructuring its North American business following the sale of its popular Keebler brand and other assets.

Draghi's stimulus hints put ECB in Trump's crosshairs

1 hour 39 min ago
The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump.

Trump blasts comments by ECB's Draghi, cites unfair competition

1 hour 39 min ago
U.S. President Donald Trump criticized European Central Bank President Mario Draghi's comments earlier on Tuesday that further monetary policy changes may be needed by the ECB, saying that would spark unfair European competition against the United States.

For Fed's Powell, a gap with markets and Trump may need explaining

1 hour 40 min ago
Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way.

Boeing and Airbus bag $15 billion of deals in Paris Airshow battle

1 hour 57 min ago
Airbus and Boeing bagged a combined $15 billion of plane deals on day two of the Paris Airshow, as their sales teams scrapped for orders after a downturn in business at many airlines and the grounding of Boeing's top-selling jet.

Airbus and Boeing aircraft deals at Paris Airshow

1 hour 57 min ago
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.

'Super Mario' shock: euro slides, yields hit new lows

2 hours 18 min ago
The euro took a beating and German bond yields hit a fresh record low on Tuesday in reaction to European Central Bank President Mario Draghi's comments indicating a possibility of new rate cuts or asset purchases.

Swiss regulator says in contact with initiators of Facebook's Libra

2 hours 57 min ago
Switzerland's financial regulator FINMA said on Tuesday that it is in contact with the "initiators" of Libra, Facebook's planned cyrptocurrency.

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo

3 hours 38 sec ago
AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, making AirAsia the world's largest customer for the A321neo.

Nvidia boosts self-driving AI business with Volvo trucks deal

3 hours 2 min ago
Sweden's AB Volvo is joining forces with Nvidia to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was ditched by Tesla last year.

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo type

3 hours 19 min ago
AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, Airbus said on Tuesday.

London's Heathrow airport publishes third runway masterplan

3 hours 42 min ago
London Heathrow, the busiest airport in Europe, published its masterplan plan for expansion on Tuesday, including building a controversial third runway and new terminal facilities, at the start of a 12-week statutory consultation.

Facebook reveals Libra cryptocurrency, with lofty goals

4 hours 2 min ago
Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra

4 hours 2 min ago
Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.

From gas in Russia to China-bound plastics, Austria's OMV shifts focus for growth

4 hours 9 min ago
After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his vision of making the Austrian oil and gas group a major supplier of plastics.

Draghi shock hits euro, boosts stocks

4 hours 22 min ago
European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi's comments indicating a possibility of new rate cuts or asset purchases.

Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles

4 hours 30 min ago
Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.

Northrop engine teams with Raytheon hypersonic program

4 hours 40 min ago
Raytheon Co said on Tuesday it has teamed up with Northrop Grumman Corp to develop and produce engines for hypersonic weapons that can travel 4,000 miles per hour.

AB Volvo to partner with Nvidia to develop AI platform for driverless trucks

5 hours 12 min ago
Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.

Volkswagen aims to boost in-house software development to 60% by 2025

6 hours 27 min ago
Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called "Car.Software" by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.

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