One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more


China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more
One California police officer killed, two injured in Riverside gun battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…

Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates.

China Economy

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Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


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China, US warn their citizens about traveling to Sri Lanka after bombings

China and the U.S. have warned their citizens about traveling to Sri Lanka after a series of explosions there on Easter Sunday killed nearly 300 people, including 32 foreigners. A spate of bombings on churches and hotels in Sri Lanka on Sunday killed 290 people and wounded more than 500 others. On Tuesday, the Chinese embassy warned its citizens in Sri Lanka to stay away “in the near term” from crowded areas and pay attention to safety reminders. The U.S. State Department on Sunday also issued a


China and the U.S. have warned their citizens about traveling to Sri Lanka after a series of explosions there on Easter Sunday killed nearly 300 people, including 32 foreigners. A spate of bombings on churches and hotels in Sri Lanka on Sunday killed 290 people and wounded more than 500 others. On Tuesday, the Chinese embassy warned its citizens in Sri Lanka to stay away “in the near term” from crowded areas and pay attention to safety reminders. The U.S. State Department on Sunday also issued a
China, US warn their citizens about traveling to Sri Lanka after bombings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: joanna tan, chamila karunarathne, anadolu agency, getty images
Keywords: news, cnbc, companies, possible, citizens, lanka, traveling, china, warnings, warn, bombings, killed, attacks, advisory, sri, warned, state


China, US warn their citizens about traveling to Sri Lanka after bombings

China and the U.S. have warned their citizens about traveling to Sri Lanka after a series of explosions there on Easter Sunday killed nearly 300 people, including 32 foreigners.

The warnings come as a blow to Sri Lanka’s fast-growing tourism sector, which has already been hit by last year’s political turmoil.

A spate of bombings on churches and hotels in Sri Lanka on Sunday killed 290 people and wounded more than 500 others. The country is under a state of emergency, and its capital, Colombo, is under curfew amid warnings of further attacks and fears of communal violence.

There has been no claim of responsibility for the attacks, but the authorities have blamed local militants with links to foreign networks.

On Tuesday, the Chinese embassy warned its citizens in Sri Lanka to stay away “in the near term” from crowded areas and pay attention to safety reminders.

“If Chinese citizens insist on going (to Sri Lanka) after this warning is issued, they will bring enormous security risks to their parties and make it difficult for the embassy to provide effective assistance,” the advisory said in Chinese.

The U.S. State Department on Sunday also issued an advisory that Americans should “exercise increased caution” in Sri Lanka. “Terrorist groups continue plotting possible attacks in Sri Lanka,” said the advisory, which cited tourist locations, markets, hotels, clubs and restaurants among possible targets.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: joanna tan, chamila karunarathne, anadolu agency, getty images
Keywords: news, cnbc, companies, possible, citizens, lanka, traveling, china, warnings, warn, bombings, killed, attacks, advisory, sri, warned, state


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A long-term fund with $370 billion under management shares some investing ‘themes’

Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing. Machin picked several


Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing. Machin picked several
A long-term fund with $370 billion under management shares some investing ‘themes’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, cole burston, bloomberg, getty images
Keywords: news, cnbc, companies, trends, management, longterm, told, shares, fund, themes, investing, invest, view, 370, billion, pension, worlds, ceo


A long-term fund with $370 billion under management shares some investing 'themes'

Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making.

“We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing.

Machin picked several themes that the fund — one of the world’s largest, with nearly $370 billion of assets under management — is betting on.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, cole burston, bloomberg, getty images
Keywords: news, cnbc, companies, trends, management, longterm, told, shares, fund, themes, investing, invest, view, 370, billion, pension, worlds, ceo


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Trump’s ‘inconsistency’ undermines faith in administration, says former defense chief William Cohen

“I think most countries would like to have some level of predictable and continuity — and the president seems to thrive on not being predictable.” The U.S. Treasury Department blacklisted two Chinese companies on Thursday, saying they helped North Korea dodge U.S. and international sanctions. Those measures are aimed at pressuring North Korea to dismantle its nuclear and missile programs. The president’s tweet led many to conclude he was overturning Thursday’s sanctions on the Chinese companies.


“I think most countries would like to have some level of predictable and continuity — and the president seems to thrive on not being predictable.” The U.S. Treasury Department blacklisted two Chinese companies on Thursday, saying they helped North Korea dodge U.S. and international sanctions. Those measures are aimed at pressuring North Korea to dismantle its nuclear and missile programs. The president’s tweet led many to conclude he was overturning Thursday’s sanctions on the Chinese companies.
Trump’s ‘inconsistency’ undermines faith in administration, says former defense chief William Cohen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, -william cohen, former us defense secretary
Keywords: news, cnbc, companies, trumps, sanctionsthe, korea, faith, companies, defense, north, cohen, william, chief, trump, think, sanctions, administration, treasury, today, undermines, inconsistency, president


Trump's 'inconsistency' undermines faith in administration, says former defense chief William Cohen

“I think most countries would like to have some level of predictable and continuity — and the president seems to thrive on not being predictable.”

The U.S. Treasury Department blacklisted two Chinese companies on Thursday, saying they helped North Korea dodge U.S. and international sanctions. Those measures are aimed at pressuring North Korea to dismantle its nuclear and missile programs.

But in a move that surprised and confused many, Trump tweeted on Friday: “It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea. I have today ordered the withdrawal of those additional Sanctions!”

The president’s tweet led many to conclude he was overturning Thursday’s sanctions on the Chinese companies. However, some media reports indicated that Trump might have been referring to future sanctions.

The White House has not responded to CNBC’s request for clarification, which was sent outside office hours on Sunday.

“If you can have the Secretary of Treasury impose sanctions to be reversed by the president the next day, that causes, I think, some question about our reliability coming out of the administration,” said Cohen, who’s now chairman and CEO of consulting firm The Cohen Group.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, -william cohen, former us defense secretary
Keywords: news, cnbc, companies, trumps, sanctionsthe, korea, faith, companies, defense, north, cohen, william, chief, trump, think, sanctions, administration, treasury, today, undermines, inconsistency, president


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A long-term fund with $370 billion under management shares some investing ‘themes’

Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing. Machin picked several


Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing. Machin picked several
A long-term fund with $370 billion under management shares some investing ‘themes’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, cole burston, bloomberg, getty images
Keywords: news, cnbc, companies, trends, management, longterm, told, shares, fund, themes, investing, invest, view, 370, billion, pension, worlds, ceo


A long-term fund with $370 billion under management shares some investing 'themes'

Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making.

“We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view,” Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC’s Martin Soong at the China Development Forum in Beijing.

Machin picked several themes that the fund — one of the world’s largest, with nearly $370 billion of assets under management — is betting on.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: joanna tan, cole burston, bloomberg, getty images
Keywords: news, cnbc, companies, trends, management, longterm, told, shares, fund, themes, investing, invest, view, 370, billion, pension, worlds, ceo


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Boeing CEO restates ‘relentless commitment’ to safety

Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, as concerns grow about the second deadly crash of the manufacturer’s top selling Boeing 737 Max planes in less than five months. Aviation authorities around the world grounded the Boeing 737 Max planes last week after the Ethiopian Airlines crash, which killed all 157 people on board. Investigators in the Indonesia crash have indicated the pilots struggled with an automated anti-stall system that Boe


Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, as concerns grow about the second deadly crash of the manufacturer’s top selling Boeing 737 Max planes in less than five months. Aviation authorities around the world grounded the Boeing 737 Max planes last week after the Ethiopian Airlines crash, which killed all 157 people on board. Investigators in the Indonesia crash have indicated the pilots struggled with an automated anti-stall system that Boe
Boeing CEO restates ‘relentless commitment’ to safety Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: leslie josephs, joanna tan
Keywords: news, cnbc, companies, commitment, boeing, relentless, planes, air, max, lion, restates, ceo, safety, flight, ethiopian, 737


Boeing CEO restates 'relentless commitment' to safety

Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, as concerns grow about the second deadly crash of the manufacturer’s top selling Boeing 737 Max planes in less than five months.

The executive said that Boeing will maintain its “relentless commitment to make safe airplanes even safer.”

“We also understand and regret the challenges for our customers and the flying public caused by the fleet’s grounding,” Muilenburg added.

His comments come after French and Ethiopian investigators said data extracted from the black boxes of the Ethiopian Airlines jet that crashed March 10 showed “clear similarities” with a deadly Lion Air flight that plunged into the Java Sea in October.

Aviation authorities around the world grounded the Boeing 737 Max planes last week after the Ethiopian Airlines crash, which killed all 157 people on board.

Boeing and Muilenburg are under increased scrutiny following the two crashes, which killed 346 people. Investigators in the Indonesia crash have indicated the pilots struggled with an automated anti-stall system that Boeing added to the 737 Max planes. That system causes the nose of the plane to point downward, the way airplanes can recover from a stall, but can have catastrophic results if the planes’ sensors receive erroneous information.

Many pilots were not aware the system existed until after the Lion Air crash and said they did not receive in-depth training to transition to the Boeing 737 Max from older models of the plane.

Boeing last week said it was working on a software fix for the planes as well as updated pilot training and manuals.

The Wall Street Journal, citing anonymous people familiar with the matter, reported Sunday that a grand jury issued a subpoena to “at least one person” involved in the development of the plane. It said a prosecutor from the criminal division of the Justice Department was listed as a contact. It was also confirmed by a source to CNBC.

The Journal also said that the Transportation Department’s watchdog was scrutinizing the FAA’s certification of the new 737 planes.

More than 370 of the Boeing 737 Max planes are in airline fleets worldwide and Boeing has more than 4,600 on order.

Shares of Boeing, a component of the Dow Jones Industrial Average, edged lower by 0.25 percent in after-hours trading. The stock fell 1.8 percent Monday to close at $372.28, sharply lower than the 52-week high of $446.01 it reached at the beginning of March.

Read the full statement below.

We know lives depend on the work we do, and our teams embrace that responsibility with a deep sense of commitment every day. Our purpose at Boeing is to bring family, friends and loved ones together with our commercial airplanes—safely. The tragic losses of Ethiopian Airlines Flight 302 and Lion Air Flight 610 affect us all, uniting people and nations in shared grief for all those in mourning. Our hearts are heavy, and we continue to extend our deepest sympathies to the loved ones of the passengers and crew on board. Safety is at the core of who we are at Boeing, and ensuring safe and reliable travel on our airplanes is an enduring value and our absolute commitment to everyone. This overarching focus on safety spans and binds together our entire global aerospace industry and communities. We’re united with our airline customers, international regulators and government authorities in our efforts to support the most recent investigation, understand the facts of what happened and help prevent future tragedies. Based on facts from the Lion Air Flight 610 accident and emerging data as it becomes available from the Ethiopian Airlines Flight 302 accident, we’re taking actions to fully ensure the safety of the 737 MAX. We also understand and regret the challenges for our customers and the flying public caused by the fleet’s grounding. Work is progressing thoroughly and rapidly to learn more about the Ethiopian Airlines accident and understand the information from the airplane’s cockpit voice and flight data recorders. Our team is on-site with investigators to support the investigation and provide technical expertise. The Ethiopia Accident Investigation Bureau will determine when and how it’s appropriate to release additional details. Boeing has been in the business of aviation safety for more than 100 years, and we’ll continue providing the best products, training and support to our global airline customers and pilots. This is an ongoing and relentless commitment to make safe airplanes even safer. Soon we’ll release a software update and related pilot training for the 737 MAX that will address concerns discovered in the aftermath of the Lion Air Flight 610 accident. We’ve been working in full cooperation with the U.S. Federal Aviation Administration, the Department of Transportation and the National Transportation Safety Board on all issues relating to both the Lion Air and the Ethiopian Airlines accidents since the Lion Air accident occurred in October last year. Our entire team is devoted to the quality and safety of the aircraft we design, produce and support. I’ve dedicated my entire career to Boeing, working shoulder to shoulder with our amazing people and customers for more than three decades, and I personally share their deep sense of commitment. Recently, I spent time with our team members at our 737 production facility in Renton, Wash., and once again saw firsthand the pride our people feel in their work and the pain we’re all experiencing in light of these tragedies. The importance of our work demands the utmost integrity and excellence—that’s what I see in our team, and we’ll never rest in pursuit of it. Our mission is to connect people and nations, protect freedom, explore our world and the vastness of space, and inspire the next generation of aerospace dreamers and doers—and we’ll fulfill that mission only by upholding and living our values. That’s what safety means to us. Together, we’ll keep working to earn and keep the trust people have placed in Boeing.

— CNBC’s Phil LeBeau contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: leslie josephs, joanna tan
Keywords: news, cnbc, companies, commitment, boeing, relentless, planes, air, max, lion, restates, ceo, safety, flight, ethiopian, 737


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Chinese premier: ‘We must be fully prepared for a tough struggle’

China must be prepared for a “tough struggle” as the country faces a “grave and more complicated environment,” Premier Li Keqiang said at the opening of the annual National People’s Congress on Tuesday, the country’s annual parliamentary meeting. “We must be fully prepared for a tough struggle,” Li told a delegation of nearly 3,000 representatives. “The difficulties we face must not be underestimated, our confidence must not be weakened, and the energy we bring to our work must not be allowed to


China must be prepared for a “tough struggle” as the country faces a “grave and more complicated environment,” Premier Li Keqiang said at the opening of the annual National People’s Congress on Tuesday, the country’s annual parliamentary meeting. “We must be fully prepared for a tough struggle,” Li told a delegation of nearly 3,000 representatives. “The difficulties we face must not be underestimated, our confidence must not be weakened, and the energy we bring to our work must not be allowed to
Chinese premier: ‘We must be fully prepared for a tough struggle’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: evelyn cheng, joanna tan, lintao zhang, getty images news, getty images, jim watson, afp
Keywords: news, cnbc, companies, complicated, chinese, environment, risks, premier, li, prepared, face, struggle, tough, fully, greater, largest


Chinese premier: 'We must be fully prepared for a tough struggle'

China must be prepared for a “tough struggle” as the country faces a “grave and more complicated environment,” Premier Li Keqiang said at the opening of the annual National People’s Congress on Tuesday, the country’s annual parliamentary meeting.

“We must be fully prepared for a tough struggle,” Li told a delegation of nearly 3,000 representatives. “The difficulties we face must not be underestimated, our confidence must not be weakened, and the energy we bring to our work must not be allowed to wane.”

This year’s meeting comes amid tariff tensions with the U.S. — China’s largest trading partner — which have placed immense pressure on China’s economy and financial markets.

In prepared remarks, according to an official English handout, Li warned that there will be greater risks ahead for the world’s second largest economy.

“A full analysis of developments in and outside China shows that in pursuing development this year, we will face a graver and more complicated environment as well as risks and challenges, foreseeable and otherwise, that are greater in number and size,” Li said.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: evelyn cheng, joanna tan, lintao zhang, getty images news, getty images, jim watson, afp
Keywords: news, cnbc, companies, complicated, chinese, environment, risks, premier, li, prepared, face, struggle, tough, fully, greater, largest


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Asia stocks trade higher, boosted by optimism in US-China trade talks

Asia Pacific markets traded mostly higher on Friday as investors cheered a report saying American officials may be weighing the possibility of easing tariffs on China, in a bid to push forward trade talks. That optimism lifted shares in the Greater China region: Hong Kong’s Hang Seng index rose 1.14 percent in late-afternoon trade. In Japan, the Nikkei 225 added 263.80 points, or 1.29 percent, to 20,666.07 while the Topix index was up 14.39 points, or 0.93 percent, at 1,557.59. U.S. officials ar


Asia Pacific markets traded mostly higher on Friday as investors cheered a report saying American officials may be weighing the possibility of easing tariffs on China, in a bid to push forward trade talks. That optimism lifted shares in the Greater China region: Hong Kong’s Hang Seng index rose 1.14 percent in late-afternoon trade. In Japan, the Nikkei 225 added 263.80 points, or 1.29 percent, to 20,666.07 while the Topix index was up 14.39 points, or 0.93 percent, at 1,557.59. U.S. officials ar
Asia stocks trade higher, boosted by optimism in US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: saheli roy choudhury, joanna tan
Keywords: news, cnbc, companies, boosted, stocks, report, index, talks, tariffs, added, asia, trade, higher, chinese, dollar, points, optimism, markets, uschina


Asia stocks trade higher, boosted by optimism in US-China trade talks

Asia Pacific markets traded mostly higher on Friday as investors cheered a report saying American officials may be weighing the possibility of easing tariffs on China, in a bid to push forward trade talks.

That optimism lifted shares in the Greater China region: Hong Kong’s Hang Seng index rose 1.14 percent in late-afternoon trade. On the Chinese mainland, the Shanghai composite gained 1.42 percent to 2,596.01 while the Shenzhen composite and the Shenzhen component both advanced.

In Japan, the Nikkei 225 added 263.80 points, or 1.29 percent, to 20,666.07 while the Topix index was up 14.39 points, or 0.93 percent, at 1,557.59. South Korea’s Kospi gained 17.22 points, or 0.82 percent, to 2,124.28.

Australia’s benchmark ASX 200 notched up 0.5 percent to 5,879.6, with all sectors rising.

The Wall Street Journal reported Thursday that U.S. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between the two countries.

But U.S. Trade Representative Robert Lighthizer resisted the idea, worried that it could be considered a sign of weakness, the Journal added, citing people with knowledge to the matter. A senior administration official told CNBC’s Eamon Javersthat “there’s no discussion of lifting tariffs now.”

Still, the news “helped to mitigate the dashed hopes for an announcement of a peace trade deal at the side-lines of the World Economic Forum in Davos from January 22nd-25th,” Christy Tan, head of markets strategy and research for Asia at the National Australia Bank (NAB), wrote in a note.

President Donald Trump on Thursday canceled his delegation’s trip to Davos, citing the ongoing partial government shutdown. U.S. officials are still expecting Chinese Vice Premier Liu He to visit Washington at the end of January for further trade talks.

The National Australia Bank’s Tan questioned if a tariff agreement would be able to turn around China’s slowing economy, but analysts at Eurasia Group said that Trump and Chinese leader Xi Jinping’s desire to avoid tariff escalation reduces the probability of talks breaking down within the first half of the year.

“Fearful of the negative reaction of jittery markets to a collapse of talks, the two sides have taken a constructive approach, refusing to let lateral geopolitical, Iran sanctions, and cyber-related tensions sink negotiations,” the analysts said in a note.

“Rather than reach a comprehensive agreement by the theoretical deadline of 1 March, the two sides will extend talks,” they added, saying the extension could be for another 90 days.

Thursday’s report from the WSJ also sent U.S. stocks higher overnight.

The U.S. dollar index, which tracks the greenback against a basket of its peers, last changed hands at 96.050 as of 3:14 p.m. HK/SIN.

The yen, viewed as a safe-haven asset, traded at 109.44 to the dollar, weaker than levels near 108.00 earlier in the week. The Australian dollar was at $0.7193, dipping from an earlier high of $0.7205 while the euro fetched $1.1392.

— CNBC’s Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: saheli roy choudhury, joanna tan
Keywords: news, cnbc, companies, boosted, stocks, report, index, talks, tariffs, added, asia, trade, higher, chinese, dollar, points, optimism, markets, uschina


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Passengers stranded as Heathrow Airport faces runway lighting issues

Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday. Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning. Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status. Heathrow is Europe’s busiest airport, with a daily average of 213,668 pass


Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday. Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning. Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status. Heathrow is Europe’s busiest airport, with a daily average of 213,668 pass
Passengers stranded as Heathrow Airport faces runway lighting issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: joanna tan, getty images
Keywords: news, cnbc, companies, stranded, lighting, runways, heathrow, flight, flights, airport, issues, travelers, passengers, runway, issue, faces


Passengers stranded as Heathrow Airport faces runway lighting issues

Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday.

One traveler @TomPodolec said his flight at John F. Kennedy International Airport in New York had to return to the gate after reaching the runway.

Heathrow Airport confirmed there was “a technical issue with the lighting system for the airport’s runways,” and warned that flights may be canceled or delayed in the morning.

“We have activated our contingency plans and both runways are currently open and operational, although we anticipate there will be some delays at the airport throughout this morning,” the airport said in an email to CNBC.

“We are working to fix this issue as quickly as possible,” it said.

“Stuck on a @britishairways plane on runway at @JFKairport,” tweeted another passenger, ShaanKhan.

British Airways did not immediately respond to CNBC’s request for comments.

Heathrow Airport apologized to passengers in a tweet, asking travelers affected to check their flight status.

Heathrow is Europe’s busiest airport, with a daily average of 213,668 passengers in 2017. The number of passengers that came through Heathrow last year came up to 78 million, according to the airport.

The airport services 81 airlines and 204 destinations in 85 countries. New York’s JFK Airport is one of its most popular destinations, Heathrow’s website said.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: joanna tan, getty images
Keywords: news, cnbc, companies, stranded, lighting, runways, heathrow, flight, flights, airport, issues, travelers, passengers, runway, issue, faces


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Iran will defy US sanctions and sell oil, President Rouhani says

Iran plans to defy newly reimposed U.S. sanctions and continue to sell, Iranian President Hassan Rouhani reportedly said on state TV on Monday, according to Reuters. “America wanted to cut to zero Iran’s oil sales … but we will continue to sell our oil … to break sanctions,” Rouhani reportedly told economists at a meeting that was broadcast live. On Monday, Washington reimposed sanctions on Iran in a bid to put pressure on the Islamic republic to curb its nuclear, missile and regional activi


Iran plans to defy newly reimposed U.S. sanctions and continue to sell, Iranian President Hassan Rouhani reportedly said on state TV on Monday, according to Reuters. “America wanted to cut to zero Iran’s oil sales … but we will continue to sell our oil … to break sanctions,” Rouhani reportedly told economists at a meeting that was broadcast live. On Monday, Washington reimposed sanctions on Iran in a bid to put pressure on the Islamic republic to curb its nuclear, missile and regional activi
Iran will defy US sanctions and sell oil, President Rouhani says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: joanna tan, mikhail metzel, tass, getty images
Keywords: news, cnbc, companies, defy, sell, iran, president, rouhani, sanctions, trump, reimposed, state, oil, crude, jurisdictions


Iran will defy US sanctions and sell oil, President Rouhani says

Iran plans to defy newly reimposed U.S. sanctions and continue to sell, Iranian President Hassan Rouhani reportedly said on state TV on Monday, according to Reuters.

“America wanted to cut to zero Iran’s oil sales … but we will continue to sell our oil … to break sanctions,” Rouhani reportedly told economists at a meeting that was broadcast live.

On Monday, Washington reimposed sanctions on Iran in a bid to put pressure on the Islamic republic to curb its nuclear, missile and regional activities. The first round of U.S. sanctions were reimposed in August.

U.S. crude oil traded 0.55 percent lower on Monday at $62.81, while the benchmark Brent crude oil slid 0.41 percent lower to trade at $72.53 at 2:25p.m. HK/SIN time.

The Trump administration said on Friday it will grant special exceptions to eight jurisdictions, allowing them to temporarily carry on importing oil from Tehran even after the sanctions are reimposed, according to cabinet members.

President Donald Trump gave oil importers 180 days to wind down purchases of Iranian crude when he withdrew from the Iran nuclear deal in May. The eight waivers will allow the jurisdictions to gradually reduce their purchases after the Nov. 4 deadline.

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin did not name the eight jurisdictions on Friday, but a South Korean official said Monday that Seoul had been granted an exception from U.S. sanctions against Iran.

— Additional reporting from CNBC’s Tom DiChristopher and Reuters

Clarification: This article has been updated to clarify the name of President Hassan Rouhani.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: joanna tan, mikhail metzel, tass, getty images
Keywords: news, cnbc, companies, defy, sell, iran, president, rouhani, sanctions, trump, reimposed, state, oil, crude, jurisdictions


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