USTR says WTO finds $22 billion in illegal Airbus subsidies
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
An Airbus signage is pictured at the new Airbus Asia Training Centre in Singapore April 18, 2016. REUTERS/Edgar Su
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
WASHINGTON (Reuters) - The World Trade Organization found nearly $22 billion in illegal subsidies for European aircraft maker Airbus from the European Union, Germany, France, Britain and Spain, the U.S. Trade Representative's office said.
The USTR also said that the illegal subsidies identified by the WTO's dispute settlement panel included more than $4 billion in new subsidized financing for Airbus' new A350 XWB aircraft.
(Reporting by David Lawder; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Turkish military kills 20 Kurdish fighters in Hakkari, army says
- Grieving Brazilian town receives bodies of soccer crash victims
- Syrian rebels lose more ground in Aleppo: monitor
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!