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WASHINGTON: Fiat Chrysler Automobiles NV is doing a second recall of 703,000 minivans and SUVs with a defective ignition switch that can rotate out of position, similar to the faulty General Motors Co part tied to dozens of deaths.
BEIJING: Opec’s strategy of holding output steady is not working and the group’s members should discuss production levels before its next meeting in June, Iran’s oil minister said, a sign of the pain lower prices are causing the cartel’s less wealthy producers.
SINGAPORE: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative.
KUALA LUMPUR: The FBM KLCI extended its losses in volatile trade on Wednesday, bogged down by losses in Petronas related stocks and Maybank, sending the FBM KLCI towards the critical 1,700 level.
SEATTLE: Boeing Co said on Thursday it would take an after-tax charge of US$4.9bil in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.
BRUSSELS: The boss of Europe's Ryanair Holdings warned on Wednesday the impact of the prolonged grounding of Boeing Co's 737 MAX on the airline's growth plans may start to spill over to next summer if the airplane is not flying again by November.