SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market on Tuesday to prevent the local currency from falling too rapidly, four people with knowledge of the matter said. China’s state banks usually act on behalf of the central bank in the country’s foreign exchange…
By Andreas Rinke and Olena Harmash BERLIN (Reuters) -Ukraine and its allies drummed up support to protect Ukrainian cities from Russian missiles at a conference in Berlin on Tuesday and rallied international businesses to put their faith, and billions of dollars, into post-war reconstruction. Kyiv hopes the recovery conference will cement its credentials as a…
By Allison Lampert (Reuters) – Boeing said on Tuesday it delivered 24 commercial planes in May, about half of the 50 jets it handed over to customers during the same month a year earlier, as it continued operating a slower assembly line to complete outstanding work. Boeing has said it is producing fewer MAX single-aisle…
(Reuters) -General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker raised its dividend on upbeat annual forecast, citing stable prices and demand for gasoline-engine vehicles. The company had in November outlined a $10 billion stock buyback on the heels of reaching a costly new labor…
