Airbus sees no demand for bigger A350 for now

By Alexander Cornwell TOULOUSE, France, Feb 20 : Airbus is not planning a larger A350 jet and will focus on developing existing versions of the widebody aircraft, an executive said on Tuesday. Last summer, the European planemaker shelved tentative plans for a bigger A350 that would compete more directly with Boeing’s new 777X plane currently […]

Walmart worries, bond yields threaten six-day winning streak

By Sruthi Shankar Undated, Feb 20 : U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday, a rise in bond yields and underwhelming results from Walmart halting a six-day winning streak for the major indexes. Shares of the United States’ biggest brick-and-mortar retailer […]

Latvian central bank chief says victim of smear campaign after detention

By Gederts Gelzis RIGA, Feb 20 : Latvia’s central bank chief, who was held in custody over the weekend on suspicion that he solicited a bribe, said on Tuesday he was the victim of a smear campaign because he has been leading a drive to stamp out corruption. Latvia’s financial system has been rocked in […]

“Thousand lira” man: Italy’s Berlusconi baffles as vote nears

By Isla Binnie ROME, Feb 20 : At a recent business conference, Silvio Berlusconi puzzled his audience by boasting that, as prime minister, he had made sure Italians got monthly pensions of 1,000 lire – about the cost of an espresso. Leading a centre-right coalition that tops polls ahead of a national election on March […]

Congo seeks relief talks with oil traders over $2 bln debt

By Julia Payne and Dmitry Zhdannikov LONDON, Feb 20 : Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2 billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly […]

Copper prices edge lower as U.S. dollar rebounds

By Peter Hobson LONDON, Feb 20 : Copper prices fell on Tuesday, pushed lower by a stronger dollar which made metals more expensive for holders of other currencies, but trading volumes were low with many Asian markets closed for the Lunar New Year holiday. Benchmark copper on the London Metal Exchange was down 0.6 percent […]