European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
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Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
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Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Boeing investors lost $26.6 billion in the first two trading days this week following the deadly crash of one of its popular 737 Max 8 jets in Ethiopia.
Boeing's shares slid 11 percent from $422.54 Friday to $375.41 at Tuesday's close before turning positive Wednesday morning. The share slide cut its market value from $238.7 billion to $212.1 billion over Monday and Tuesday as international aviation regulators and airlines moved to ground 737 Max jets from China to Mexico.
Its shares were up by less than 1 percent Wednesday.
Edward Jones downgraded Boeing's stock to hold from buy, noting a possible "delay in orders. "
Sunday's crash of a passenger jet en route from Addis Ababa to Nairobi killed all 157 people on board. The disaster came five months after a Lion Air 737 Max 8 crashed in Indonesia, killing all 189 people aboard. The cause of the Ethiopian Airlines plane is under investigation.
The U.S. is increasingly alone in defending the American-made jets since the Federal Aviation Administration deemed the 737 Max to be "airworthy" earlier this week. The aircraft hasn't been grounded in the U.S.