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To finance. And the US government is moving to block a merger1 between two of the countries’ biggest airlines. American Airlines and US Airways2 want to join forces to create the world’s biggest airline.
It would also have saved the American Airlines which has been in bankruptcy3 protection since 2011. The US Justice Department has filed a lawsuit4 in the Federal Court to quash the proposed 11-billion-dollar deal.
China is set to overtake the United States as the world’s largest net oil importer. From October, China’s net oil imports will exceed the United States. That change is likely to become permanent from next year.
The latest figures from America show increased domestic oil production and weakening demand in the US is causing the shift. China imported just over 26 million tons of crude oil last month.
To the markets.
The Wall Street rose on the back of some strong US retail5 sales and business confidence data, while the FTSE rose just over half of a percent.
Looking at commodity prices.
West Texas Crude is trading at 107 US dollars a barrel. Tapis Crude is trading at 117 US dollars a barrel. And gold is worth 1321 US dollars an ounce.
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1 merger | |
n.企业合并,并吞 | |
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2 AIRWAYS | |
航空公司 | |
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3 bankruptcy | |
n.破产;无偿付能力 | |
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4 lawsuit | |
n.诉讼,控诉 | |
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5 retail | |
v./n.零售;adv.以零售价格 | |
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6 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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