U.S., China to each allow four weekly flights for airlines; Delta to fly next week
The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff...
Embraer secures $600 mln loan as commercial aviation chief departs
Embraer SA said on Monday it had secured a $600 million loan, partly backed by Brazil’s government, at the same time as a key executive...
Delta to resume passenger flights to China next week
Delta Air Lines said on Monday it would resume passenger flights to Shanghai from Seattle, via Seoul, next week following Chinese government approval for U.S....
Fed launches long-awaited Main Street lending program, seeks to reach nonprofits
The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep...
U.S. companies can work with Huawei on 5G, other standards: Commerce Dept
The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to...
GM CEO optimistic on U.S. demand, China, EV profitability
General Motors Co’s top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell...
Proxy adviser ISS opposes re-election of Tesla chairwoman
Proxy adviser Institutional Shareholder Services Inc (ISS) on Monday urged Tesla Inc shareholders to vote against the re-election of chairwoman Robyn Denholm at the electric...
Embraer to receive $600 million loan, partly backed by government, due to coronavirus
Planemaker Embraer said on Monday it will receive a $600 million loan, financed partly by Brazil’s government, to help the company weather the coronavirus crisis...
JPMorgan to bring back more traders to office next week: source
JPMorgan Chase & Co plans to start returning more traders and sales staff to its Manhattan headquarters starting next week with volunteers, a source familiar...
Wall Street closes higher as Fed soothes recovery worries
Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which...