Airbus SAS is poised to announce its first order from Japan Airlines Co., a person familiar with the plan said, securing a commitment for more than 25 A350s in a market Boeing Co. has almost monopolized for decades.
Japanese shares fell, with the Topix index poised to extend its longest losing streak since July 2012, as the yen gained amid concern about the standoff over the U.S. debt limit and government shutdown.
Asian stocks fell with U.S. futures, and the yen climbed against the dollar, as lawmakers in Washington remain deadlocked over extending the nation’s debt limit to avoid default. Oil slid while gold rallied.
The London Metal Exchange’s plan to ease congestion at warehouses storing near-record amounts of aluminum will accelerate deliveries and reduce premiums paid for supply, at a time when prices are already near a four-year low.
For Arvind Mayaram, India’s push to avoid having its credit rating cut to junk means he’ll have to forgo caviar and a two-meter-long flat bed in first class on his flight from New Delhi to Washington D.C. this week.
U.S. government debt rose, snapping a decline from last week, after Treasury Secretary Jacob J. Lew said Congress needs to increase the debt ceiling by Oct. 17 or the nation risks defaulting on its payments.