Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Boeing had to stop the ongoing deliveries of its 737 Max plane units due to electrical issues. The aircraft maker said on Wednesday, April 28, that it made the decision as the discovered defect already grounded over 100 planes this month.
Boeing is fixing the reported issues
The electrical problem on Boeing Max 737’s is the latest issue that created a big impact on the company’s shares as it has reportedly slid down. But then, Boeing is already fixing the defect and said to be in the final stage.
Still, the deliveries of the Max 737 may not resume any time soon as it was reported that mending the electrical issues is taking longer than anticipated. The company said that originally, it is expecting to finish all the repairs before the summer as this is also the peak season for travel bookings.
Boeing’s chief Dave Calhoun told CNBC that he expects to finalize the repair instructions in relatively short order but did not say an exact date or time frame. The Federal Aviation Administration will be approving the repairs, and it stated that it is closely working with Boeing to address the glitches.
As per Reuters, the planemaker already delivered at least 85 737 Max planes which lightened its backlog of 400 units since the plane model was cleared and the ban was lifted in many parts of the world. The grounding was related to two previous fatal crashes.
Boeing’s shares plummet after the deliveries were stopped
After Boeing’s announcement of pausing the deliveries of 737 Max jets, The New York Post reported that the firm’s shares went down by almost three percent. This is the latest fall and Boeing’s sixth straight quarterly loss.
Meanwhile, the company is also facing issues with its Air Force One deliveries as it recently got into a conflict with its subcontractor GDC Technics. Boeing alleged that the aviation engineering company has failed to deliver the requested completion of works on time, and so it has incurred damages for this.
Boeing terminated their contract and sued GDC, but it fought back with a countersuit. Still, the firm said that it will still try to finish the works on the Air Force One on time. Two units of these customized planes have a delivery date of December 2024.
