Bloomberg For US airlines, the phrase “Made in America” comes with a whole new financial imperative thanks to the trade fight between the Trump administration and Europe. In October, the White House levied a 10% tariff on European-built aircraft as part of a broader conflict over aviation industry subsidies. The move followed a World Trade Organisation ruling that EU assistance …

Bloomberg Beyond Meat Inc. is pushing further past its plant-based beef into poultry, and Chief Executive Officer Ethan Brown says that product line will finally get more attention in 2020. “You’ll see some exciting things from us in the poultry space in 2020,” Brown said in an interview with Bloomberg TV about his inclusion on this year’s Bloomberg 50 list. …

DHAHRAN / AGENCIES Saudi Arabian Oil Company, Saudi Aramco, has completed, through its subsidiary Aramco Overseas Company, the acquisition of 17 percent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion. The completion follows receipt of all necessary regulatory consents and approvals. According to a statement issued by the company, the investment in South Korea’s Hyundai Oilbank …

Bloomberg Boeing Co.’s production halt for the 737 Max is likely to be little more than a temporary headwind for the US economy — especially now that the expansion is on firmer footing compared with other times since the aircraft was grounded in early 2019. The company’s decision to temporarily suspend production starting next month comes as the world’s largest …

Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently. The move will make it less punitive for Chinese firms to …

Bloomberg The pound slumped more than 1% after UK prime minister Boris Johnson moved to change the law to guarantee the Brexit transition phase isn’t extended beyond the end of next year, reviving the threat of a no-deal split. Sterling dropped by the most since July as traders reacted to the news. Johnson’s planned legislation will include legal text to …

Bloomberg A German court paved the way for the trial of six people including three former London-based investment bankers for their role in the nation’s Cum-Ex tax scandal. The ruling by a court in the city of Wiesbaden sets up a second trial in the country over the trading strategy that’s triggered multiple probes by German prosecutors involving about 500 …

Bloomberg Nigeria’s inflation rate rose in November as food prices continued climbing following border closures. Consumer prices rose 11.9% from a year earlier compared with 11.6% in October, the Abuja-based National Bureau of Statistics said in a report published on Tuesday. The median of three economists’ estimates in a Bloomberg survey was 11.8%. Nigeria’s central bank held its benchmark rate …

Bloomberg The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, an indication that demand for funding through the beginning of 2020 remains ravenous. Primary dealers submitted $54.25 billion in bids for the Fed’s 32-day term repo operation, which matures January 17. That was more …

Bloomberg India this week joined a select club of countries offering fund transfers around the clock, a move that will give banks more flexibility to manage their liquidity requirements, the central bank said. The National Electronic Funds Transfer (NEFT) sees transactions worth 800 billion rupees ($11.3 billion) daily and the round-the-clock service is expected to boost online transactions for customers …