Page 45 - Cong News Today

Mexican billionaire Carlos Slim's Grupo Carso said the cost of repairing a collapsed section of a Mexico City metro rail that caused a fatal accident earlier this year could amount to some 800 million pesos ($40 million).

Indian cosmetics to fashion startup Nykaa received bids for 40 times the number of shares it plans to sell to anchor investors in its initial public offering (IPO), a source with direct knowledge said on Wednesday, indicating strong interest in the sale.

The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods.

A look at the day ahead from Sujata Rao

Industrial giant 3M Co lowered its full-year earnings outlook on Tuesday and said it would increase product prices to combat inflationary and supply chain pressures plaguing U.S. manufacturers.

Major U.S. stock indexes advanced on Tuesday, with the Dow Industrials and S&P 500 hitting intraday records, although gains were kept in check as Facebook shares fell in the wake of its quarterly earnings.

Airbus was forced for the second time in as many days to defend sharp increases in production, after one its engine makers said its industrial plans did not match Airbus proposals for a near-twofold increase in the output of A320 jets by 2025.

Airbus has rebuffed calls by aircraft leasing companies to temper plans to almost double production of its best-selling A320 jet family, telling them its ambitions are justified by expectations for post-pandemic demand, industry sources said.

Panasonic on Monday unveiled a new large prototype battery designed to help Tesla Inc lower electric vehicle (EV) production costs, in a move the Japanese company's battery chief said would deepen business ties with its key U.S. customer.

Honeywell International Inc on Friday cut its full-year sales forecast, as global supply chain disruptions cause a shortage of parts and components for the U.S. industrial conglomerate.