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Monday, April 1, 2019

Boeing 737 MAX flights to remain banned in Saudi for near future: minister

Saudi Arabia's transport minister said on Monday there were no immediate plans to allow Boeing 737 MAX aircraft to operate in the kingdom.


from Reuters: Business News https://ift.tt/2FPJM90

Rare glimpse into Saudi Aramco shows $224 billion in profit


Rare glimpse into Saudi Aramco shows $224 billion in profit



Rating agencies have given oil giant Saudi Aramco high ratings ahead of its upcoming bonds sale, with Fitch Ratings saying the company had profits of $224 billion last year before taxes.

Israeli group finds fake pro-Netanyahu social media accounts


Israeli group finds fake pro-Netanyahu social media accounts



An Israeli watchdog says it's found a network of social media bots disseminating messages in support of Prime Minister Benjamin Netanyahu ahead of next week's elections.

Global shares surge on China factory rebound, trade hopes

Global stocks surged higher on Monday, extending gains from their best quarter in nearly 10 years, as strong Chinese factory activity data and signs of progress in U.S.-China trade negotiations gave investors reason to cheer.


from Reuters: Business News https://ift.tt/2YFZdYt

Johnson & Johnson's baby shampoo samples fail Indian quality test; company rejects findings

Johnson & Johnson's baby shampoo samples failed quality tests conducted by the northwestern Indian state of Rajasthan, according to a public notice from the state's drugs watchdog, findings that were rejected by the U.S. drugmaker.


from Reuters: Business News https://ift.tt/2TLdAay

Eurozone manufacturing shrinking at fastest rate in 6 years


Eurozone manufacturing shrinking at fastest rate in 6 years



A closely watched survey is showing that the manufacturing sector across the 19-country eurozone is shrinking at its fastest rate in six years.

World shares surge on improved China manufacturing data


World shares surge on improved China manufacturing data



Shares surged Monday in Europe and Asia after the release over the weekend of encouraging manufacturing data in China that suggest government stimulus may be gaining traction.

Petrol and diesel prices hit highest since 2022

The cost of filling up a vehicle has rebounded, according to the RAC, as oil prices remain elevated. from BBC News https://ift.tt/rlLS8DK