Boeing Financial News

Clearing Corp of India (CCIL), paving the decks for billions of dollars of trade in Indian sovereign bonds routed through London lenders that needed a mutually beneficial deal to commit personal funds and effectively discharge their custodian role. The MoU between the Reserve Bank of India (RBI) and the Bank of England (BoE), while acting as an actionable template for other regulatory regimes uncertain about oversight rights over CCIL, also helps establish a framework robust enough to accommodate the potential $25 billion in incremental inflows Indian sovereign bonds are likely to receive by mid-2025 after their inclusion in JPMorgan's keenly tracked global index. Relief for UK Banks in India «The MoU establishes a framework for the BoE to place reliance on RBI's regulatory and supervisory activities while safeguarding UK's financial stability,» the RBI said in a statement Friday. «The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes.» ET had reported on November 28 that the RBI and UK regulators had made significant progress on a new MoU for the treatment of the CCIL and that the BoE would likely communicate a «hands-off» approach on potentially contentious issues, such as rights of audit over the Indian clearing house. Investor & Custodian The move is a relief to UK-based banks Standard Chartered, Barclays and HSBC, which are themselves large players in the domestic bond and derivatives markets and are also custodians of foreign investment flows into India.

Bank of India on Friday signed an agreement with the Bank of England (BoE) on exchange of information for settlement of bond trades through Clearing Corporation of India Ltd (CCIL). Under the new memorandum of understanding (MoU), the BoE will assess and recognize CCIL as a counterparty to clear and settle bonds and overnight indexed swap trades done by England-based banks and investors.

OTTAWA (Reuters) — Canada and the United States have finalized a deal to buy up to 16 Boeing (NYSE:BA) Poseidon aircraft as part of a C$10.4 billion ($7.7 billion) project to replace the country's aging fleet of Aurora military surveillance planes, the Canadian Defence Ministry said on Thursday.

A look at the day ahead in European and global markets from Wayne Cole.

(Reuters) — Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing (NYSE:BA) Co’s P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters.

SAO PAULO (Reuters) — Brazilian planemaker Embraer said on Wednesday that Canada's Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft for $2.1 billion.

NASA highlights the growing level of cooperation between the US and India in outer space. The potential partnerships could also involve Indian commercial entities, India’s Department of Space said in a statement Wednesday. NASA Administrator Bill Nelson is visiting several locations in India this week, including Bengaluru-based facilities that are testing and integrating spacecraft for a joint US-Indian Earth-observing mission scheduled for launch in 2024.

The first transatlantic flight by a commercial jet powered solely by so-called sustainable aviation fuel has flown from London to New York

Narendra Modi and US President Joe Biden—expanding collaboration on emerging space technologies. Nelson added that the two national space agencies have formed a joint working group on human spaceflight collaboration, which will work on upcoming human space missions, as well as other space research projects. The India-US space collaboration will also work on a major satellite—the Nasa-Isro Synthetic Aperture Radar (Nisar).

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Boeing, Affirm, and MercadoLibre , and a Buy initiation at Estee Lauder.

Investing.com — U.S. futures traded largely flat Tuesday, as investors awaited details of retail sales on Cyber Monday as well as more comments from a number of Fed officials.

RBC Capital Markets analysts upgraded Boeing (NYSE:BA) shares to Outperform from Sector Perform with a price target raised to $275 per share from the prior $200.

Broadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S.

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The OnePlus 12 is officially arriving in China on December 5 (not December 4, as previously reported) and as expected, OnePlus has kicked off teaser campaigns to hype its next flagship phone. The pre-orders have started even before launch. But unlike say, Samsung, OnePlus has revealed to would-be customers what the OnePlus 12 will look like. The TL;DR version is- it will look stunning.

Air India is in talks with aerospace majors, including L3Harris and Airbus, as potential partners for its big crew training facility and will be disclosing more details in January, CEO and MD Campbell Wilson said in a recent interview. People in the know said the companies will likely be making strategic investments in the $200-million facility. «We are partnering with a couple of OEMs (original equipment manufacturers) to set up simulator training centres: Airbus, Boeing L3Harris. We will be talking a little more about that in January,» said Wilson. He didn't elaborate on the nature of the partnership of investment from partners. L3Harris, formed in 2019 by the merger of American companies L3 Technologies and Harris Corp, has business interests in segments including aerospace communications, integrated mission systems, space and airborne systems. The training centre would be critical for training pilots to fly the large number of planes the airline will receive over the next five years, starting December.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Boeing and C3 and downgrades for Virgin Galactic and Urban Outfitters.

India will likely give rise to job opportunities for mechanical, electrical and electronics engineers in the coming years, experts said. Manufacturers expected to be at the forefront of this job creation include Mercedes Benz, Bosch, Michelin, ABB, Boeing, Airbus, Renault, Volkswagen Group, Schneider Electric, John Deere, Caterpillar, Continental and Collins Aerospace, according to consultants and industry experts. Some engineering college professors said however that cutting-edge roles may not be part of this trend, besides which automation could take a toll. Several MNCs have been shipping out research, design and engineering jobs to India, marking a shift in the profile of offshored jobs from the traditional IT and shared services support to engineering and technical or product-related roles, the experts said.

(Reuters) — Airline operator Virgin Australia on Friday said it has added six Boeing (NYSE:BA) MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes to fourteen.

(Reuters) -Bank of England Chief Economist Huw Pill said it had to hold firm in its battle against inflation and it cannot afford to ease off tight monetary policy, the Financial Times reported on Friday.

By David Milliken