Aircraft components maker, Triumph, is acquiring Vought Aircraft Industries, The Wall Street Journal reports. Private equity firm, Carlyle, is selling the company in a $1.44 billion cash and stock deal. Under the deal, which is expected to close in July 10, Triumph will issue 7.5 million shares and pay $525 million in cash, along with [...]

continue reading.....

The Organisation of Oil Exporting Countries (Opec) has agreed to keep to its existing oil output quota. The decision was widely expected but nonetheless sent the price of the UK benchmark, Brent crude oil, up by 72 cents to $81.25 a barrel. US light sweet crude was up 77 cents at $82.47 a barrel.

continue reading.....

US planemaker Boeing has reacted angrily to news that Germany plans to give a 1.1bn euro ($1.49bn, £1bn) loan to help Airbus develop its A350 plane. Boeing vice president Ted Austell said the loan was “unfortunate and disappointing”.

continue reading.....

Japanese exports rose 45% in February compared with the same month a year ago. Exports to Asia, which make up more than half of Japan’s total exports, rose more than 55% in the same period. Car shipments to the US more than doubled, despite huge recent recalls by Toyota due to safety problems.

continue reading.....