The U.S. imposed duties on Bombardier Inc.’s marquee jetliner after Boeing complained that the Canadian company received unfair government help. Exporters of 100- to 150-seat Canadian aircraft received subsidies worth almost 220 percent. The U.S. will begin collecting preliminary duties to offset the public assistance, a move that would potentially upend Bombardier’s planned deliveries of its C Series jets to Delta Air Lines Inc. Source Bloomberg
British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. Source: Reuters
HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centers in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy. Source: Reuters
British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound loan by later on Tuesday, two sources close to the situation said. Source: Reuters
