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Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official

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(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving India on Saturday at Mumbai airport, according to an airport official who asked not to be named. Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, November 29, 2017. REUTERS/Danish Siddiqui/File Read More

‘Rational Americans & experienced commanders’ won’t let radicals in US go to war – Tehran

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Cooler heads among the US population and the army will not allow hardliners to steer the country into an open war with Iran, a senior military official in Tehran said amid growing tensions in the Persian Gulf. “We believe rational Americans and their experienced commanders will not let their radical elements lead them into a Read More

Wall St. edges higher after Trump sparks U.S.-China trade hopes

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NEW YORK (Reuters) – Wall Street’s major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors. Trump said late on Thursday that he saw a resolution to the trade war with China “happening fast.” Read More

U.S. House fails to pass disaster aid bill; second attempt likely next month

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WASHINGTON (Reuters) – The U.S. House of Representatives on Friday failed to pass a $19.1 billion disaster aid bill supported by President Donald Trump, but is expected to try again early next month. FILE PHOTO: Tom Geisler surveys damaged to his farm, following flooding in Winslow, outside Omaha, Nebraska, U.S., March 20, 2019. REUTERS/Humeyra Pamuk/File Read More

Wall Street gains on trade reprieve ahead of long weekend

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(Reuters) – U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon. Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal. However, no high-level Read More

Trump sparks oil rally with Iran spat

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By Grant Smith on 5/24/2019 Photo: U.S. President Donald Trump. LONDON (Bloomberg) — Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation. In the past two days, however, oil has suffered its Read More

World Bank ranks Ukraine as one of the poorest nations in Europe & beyond

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Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country’s key creditor, the World Bank. The agency placed the nation on the same level as Moldova, Armenia and Georgia, saying that it would take Ukraine more than 50 years to Read More

Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits

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LONDON (Reuters) – World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May’s resignation briefly sent sterling fluctuating wildly. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Oil rises toward $69, but set for 2019’s biggest weekly loss

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LONDON (Reuters) – Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More

China airline association estimates losses from 737 MAX grounding at $579 million

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FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson BEIJING (Reuters) – The China Air Transport Association (CATA) on Friday said it expects losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX aircraft Read More