The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Honda experiences long haul just to recoup jet costs
After up to three decades building an airplane from scratch, chief engineer of the Hondajet, Michimasa Fujino might have to reach a ripe old age to see Honda Motor Co's aviation project offset its development costs.
Honda has refused to disclose the costs, though the carmaker has been researching aircraft development since 1986. Additionally, vice president of analysis at aerospace consulting company Teal Group, states that it has probably spent approximately $1 billion on the jet program since the early 2000s, which is more than double the $400 million typical for such jets.
A five-year delivery delay as well as developing its own engine backed the bill.
The company, which gave the world the Honda Civic that revolutionized compact vehicles in America in the 1970s, is actually betting its six-seater light $4.5 million dollar business jet, the first aircraft designed by an automaker since World War Two, is going to expand the fuel-efficient private jet market.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!