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Airbus cuts A330 output, first-quarter profit capped by engine delays

PARIS (Reuters) - Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after...

TSMC to invest $14 billion in R&D at Hsinchu facility

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co (2330.TW), the world’s largest contract chipmaker, is planning a T$400 billion ($13.50 billion) investment to expand...

Emboldened by Trump, banks push to throw off old rule constraints

WASHINGTON (Reuters) - Emboldened by President Trump’s pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to...

Exclusive: U.S. considers tightening grip on China ties to Corporate America

NEW YORK (Reuters) - The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence,...

Airbus first-quarter profit hit by engine delays, cuts A330 output

PARIS (Reuters) - Airbus (AIR.PA) posted a slender first-quarter profit after delays in engine deliveries for its A320neo passenger jet, and it also...

Asian shares claw higher after U.S. tech shares bounce

SINGAPORE (Reuters) - Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul...

Weak consumer spending seen restraining U.S. growth in first quarter

WASHINGTON (Reuters) - The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is...

Southwest Airlines orders 40 Boeing 737 MAX jets worth $4.68 billion

(Reuters) - U.S. carrier Southwest Airlines (LUV.N) has ordered 40 Boeing Co (BA.N) 737 MAX 8 jets worth $4.68 billion at list price...

China's Baidu beats forecasts as it sidesteps censors, boosts ad sales

BEIJING (Reuters) - Chinese internet search giant Baidu Inc (BIDU.O) blew past earnings estimates on Thursday, sending its U.S.-listed shares sharply higher in...

Amazon delivers dazzling profits, as well as $20 Prime hike and NFL games

(Reuters) - Amazon.com Inc (AMZN.O) more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer...