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On February 24, two U.S. officials said that Yemens Houthi rebels fired surface-to-air missiles at a U.S. fighter jet and MQ-9 Reaper drone this week, but neither hit. The officials did not specify whether the attacks took place over the Red Sea or in Yemen. One of them said the incidents may indicate that the Houthis are improving their ability to hit targets.Futures News on February 24: Last Friday, the international commodity market generally fell, and the performance of crude oil can be described as diving, with a drop of more than 3%. 1. Obviously, even though crude oil has risen for several days before, it is still not a variety suitable for strong thinking. The latest data shows that the number of oil drilling rigs in the United States has increased by 7, indicating that Trump will implement his previous promise to reduce energy prices by increasing production, thereby easing inflation. At the same time, senior officials from the United States and Russia have recently had a series of positive contacts. In addition to the war issue, the repair of bilateral relations between the two countries is also discussed as a core issue. This will obviously make the market believe that the relationship between the two countries will warm up, and Russias previous crude oil export sanctions will be gradually lifted. Once the support from the supply side fades, oil prices will easily fall. After all, in the context of the transformation of the global energy industry, the market and major institutions are not very optimistic about the demand prospects for crude oil. The recent rumor that OPEC+ will postpone the production increase plan again is actually a good confirmation. 2. Then, for the 04 contract of WTI crude oil, we need to focus on whether $70 can be held. For the 04 contract of Brent crude oil, $74 is a very important price barrier. Once it cannot be held and is broken downward, it is a pattern signal in technical analysis that the decline may continue.On February 24, the article stated that innovation is endless and policy support also needs to be continuously optimized. There is still room for improvement in the intensity and efficiency of fiscal and taxation forces to support scientific and technological innovation. In terms of intensity, we will coordinate financial resources, increase investment in science and technology, further focus on basic research and national strategic scientific and technological tasks, and fully support the key core technology research. In terms of efficiency, we will deepen the reform of the mechanism for the allocation and use of fiscal science and technology funds, improve the performance of fund use, and give full play to the leverage effect of fiscal funds. Research and improve the structural tax reduction and fee reduction policies that focus on supporting scientific and technological innovation and the development of the manufacturing industry, study the tax system that is compatible with the new business format, promote policies that are more in line with the demands of the market and enterprises, improve the accuracy of policies, promote the direct and quick enjoyment of policy dividends, and help enterprises innovate and develop.According to German news today: Lindner, chairman of the German Free Democratic Party, announced his withdrawal from politics.Ukrainian President Volodymyr Zelensky congratulated the CDU/CSU and Merz on their victory in the German Bundestag election.

Boeing Will Restructure Its Commercial Aircraft Finance Arm

Charlie Brooks

Feb 17, 2023 11:41

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As part of an effort to streamline its organizational structure, Boeing (NYSE:BA) said on Thursday that it will merge its aircraft financing division with its commercial jets division.


Boeing stated that, following the retirement of Boeing Capital Corp (BCC) President Tim Myers this spring, it will "realign" the commercial aviation unit's finance arm while retaining "strong cooperation" with the company's treasury arm. Airfinance Journal previously reported the development.


Boeing Capital provides asset-based financing and leasing to prospective commercial aircraft purchasers. By relocating the financing organization under its commercial airplane division, Boeing wants to streamline the purchasing process for its customers.


The reorganization would "concentrate resources on our core business of servicing our customers and their finance requirements," Boeing Chief Financial Officer Brian West said in an internal memo obtained by Reuters.


A spokeswoman for Boeing stated that the change will give airlines with "more consistent help" for arranging aircraft finance.


West stated in a message that Rob Martin, chief financial officer of the commercial airline division, and David Whitehouse, Boeing's treasurer, will be responsible for the transfer.


The shutdown of Boeing Capital maintains Boeing's history of operating structure consolidation. The corporation announced in November a restructure of its defense segment that sought to cut its business divisions in half.