July 18- Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Farnborough Airshow in southern England. **GOLDEN FALCON AVIATION: confirmed an order for 25 Airbus A320neo jets for Kuwait's Wataniya Airways worth about $2.8 billion at list prices. **GOSHAWK AVIATION: a firm order for 20 Airbus A320neo jets worth about $2.2...
*Core inflation sinks to lowest since March 2017. LONDON, July 18- British inflation held steady last month, denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10- month low against the dollar. Despite motor fuel prices rising to their highest since September 2014, annual consumer price inflation held steady...
Brent fell 93 cents to a low of $71.23 a barrel, its weakest since April 17, before recovering slightly to around $71.45 by 0900 GMT. U.S. light crude was down 60 cents at $67.48, not far off Tuesday's one-month low of $67.03 per barrel. Oil markets have fallen over the last week as Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries...
LONDON, July 18- Sterling slid to 10- month lows against the dollar on Wednesday after data showed British inflation failed to rise as expected, a day after Brexit-linked political turmoil had sent the currency hurtling lower. Market expectations for a 25 basis point August interest rate rise by the Bank of England fell back to 69 percent from close to 80 percent...
LONDON— Official figures show that consumer price inflation across the U.K. was unchanged in the year to June, a lower than anticipated outcome that may temper expectations that the Bank of England will raise interest rates next month. The Office for National Statistics said Wednesday that inflation in the year to June held steady at 2.4 percent, against...
FARNBOROUGH, England, July 18- EasyJet has the flexibility to convert more of an order for Airbus A320 planes into larger A321neos, the chief executive of the British low-cost airline said on Wednesday. EasyJet still has 122 A320s to be delivered from a previous order, and could covert some of those into A321s, CEO Johan Lundgren said at the Farnborough Airshow...
Wall Street's jump back above the 2,600 points mark overnight was also still lifting spirits early on in Europe. London's FTSE made 0.5 percent as the pound continued to suffer the Brexit blues, while Germany's Dax surged to a one-month high on hopes the European Union and United States could cut a deal on car tarriffs. MSCI's broadest index of Asia-Pacific...
MILAN, July 18- The cost of using Italian bonds to raise funds rose on Wednesday after clearing house LCH increased the margin on debt from the euro zone's third largest economy. Italian bonds have come under pressure in the market since anti-establishment parties joined forces in May and went on to form a coalition government following an inconclusive...
Brent crude oil was down 60 cents at $71.56 a barrel by 0750 GMT. Oil markets have fallen over the last week as Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries and Russia have increased production and as some supply disruptions have eased. Investors have also begun to worry about the impact on global economic growth and...
LONDON, July 18- The euro fell and the yen slid to a six-month low on Wednesday as the dollar extended its rally following bullish comments from U.S. In his closely watched congressional testimony on Tuesday, Powell said he saw the United States on course for years more of steady growth. Powell also played down the risks to the U.S. economy of an escalating trade...
FARNBOROUGH, England, July 18- European planemaker Airbus said on Wednesday that supplier Pratt& Whitney was catching up on engine delays and there would be an improvement especially in the second half of the year. Airbus has faced a backlog of up to 100 A320neo jets sitting on the ground outside factories without their engines due to delays in deliveries, mainly...
BEIJING, July 18- Zinc prices on Wednesday pulled away from one-year lows hit earlier in the week and the metal recorded its first daily jump in seven trading days in Shanghai, tracking a rise on the London Metal Exchange amid plunging inventories. Zinc, used to galvanise steel, is down 10.1 percent so far this month in Shanghai and 11.3 percent in London on concerns...
>Japan's MRJ faces dogfight with sector giants. >Deals flow as UK tries to soothe Brexit fears. >UK rivals France- Germany fighter jet plan.
*Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.
BEIJING, July 18- Shanghai zinc moved away from a one-year low and was on course for its first gain in seven trading days on Wednesday, as it tracked a jump on the London Metal Exchange in the previous session amid plunging inventories. Zinc, used to galvanize steel, is down 11.1 percent so far this month in Shanghai and 11.8 percent in London on concerns about...
BEIJING, July 18- Shanghai zinc was on course for its first rise in seven trading days on Wednesday, moving away from the previous session's one-year low as it tracked Tuesday's gains in London, where zinc inventories have fallen for six straight days. The metal, used to galvanize steel, is still down 11.6 percent so far this month in Shanghai on concerns about...
*China's production running at "record" levels. LONDON, July 17- The European Commission will this week unveil its proposed provisional "safeguard" measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States. The export pace has slowed since then because of capacity closures and stronger internal...
*Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.
WASHINGTON D.C.- Federal Reserve Chairman Jerome Powell gives semiannual testimony on the economy and monetary policy before the House Financial Services Committee- 1400 GMT. FRIDAY, JULY 20 GLASGOW, Kentucky- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Glasgow Chamber of...
*North Sea revival seen due to government, industry initiatives. *UK authorities cut taxes, established benchmarks. When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030..
