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737 MAX disaster pushes Boeing into crisis mode

After a second air disaster involving the 737 MAX 8, aviation giant Boeing swung into crisis mode, losing $25 billion of market capitalization and suffering a severe hit to its reputation. That was made worse by the company's response, according to industry experts, who described their...

More countries bar Boeing 737 MAX from flying

Hong Kong and Kazakhstan on Wednesday joined the growing list of nations barring Boeing 737 MAX from flying over their airspace with immediate effect in the wake of a deadly plane crash in Ethiopia last Sunday. The Civil Aviation Department (CAD) of Hong Kong -- a semi-autonomous Chinese...

Asia markets mixed after last week's hefty losses

Asian markets were mixed Monday as bargain-buying from last week's sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy. Investors ran for the hills Friday after the European Central Bank slashed its growth and inflation forecasts, and China...

US sanctions against Venezuela scaring off banks

As the United States has quickly ratcheted up sanctions against Venezuela to pressure Nicolas Maduro, bankers say they are shying away from doing even legitimate business with the crisis-wracked oil-producing country for fear of getting caught in the crossfire. The sanctions target a...

Huawei sues US government over ban on its products

Huawei said Thursday it was suing the United States for barring government agencies from buying the Chinese telecom giant's products, following warnings that they could serve as a tool for Chinese intelligence services. Huawei said the suit was filed in a US District Court in Plano, Texas,...