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BUSINESS HEADLINES
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› China's indebted HNA group names chairman's son as president: Caixin
China's indebted HNA Group has appointed its chairman's son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday. |
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› Exclusive: Huawei in early talks with U.S. firms to license 5G platform - Huawei executive
Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday. |
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› U.S. oil major Chevron says hopeful about maintaining Venezuela presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro. |
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› Boeing pilots' messages on 737 MAX safety raise new questions
A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis. |
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› Boeing 737 MAX test pilot grappled with simulator flaws, too
In newly released instant messages from 2016, a top Boeing Co 737 MAX test pilot tells a colleague that the jet's MCAS flight control system - the same one linked to two fatal crashes - was "running rampant in the (simulator) on me." |
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› Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said. |
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› Trump hopes U.S.-China trade deal will be signed by middle of November
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17. |
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› China says will work with the U.S. to address each other's core concerns
Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other's core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world. |
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› Mnuchin backs proposal to double IMF's crisis fund
U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund's $250 billion crisis lending fund as part of a deal to maintain overall IMF resources. |
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› Opioid settlement talks fail, landmark trial expected Monday
A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug companies and local governments failed to agree on a settlement on Friday that had been expected to be valued at around $50 billion. |
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› FAA turns over emails from former Boeing 737 pilot
The U.S. Federal Aviation Administration (FAA) on Friday turned over 10 pages of emails to Congress from a former chief technical pilot on the Boeing 737 MAX that disclosed new details of the company's efforts to win approval from regulators around the world and drew the ire of a top Democratic lawmaker. |
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› Oracle co-CEO Mark Hurd dies at 62
Oracle Corp's 62-year-old co-chief Mark Hurd died on Friday morning, the company said, an unexpected development that raises pressure on co-CEO Safra Catz to lead the business software maker's ongoing transition to cloud computing. |
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