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Triumph Appoints Mike Boland As COO
(RTTNews) - Triumph Group, Inc. (TGI) announced Friday that it recently selected Mike Boland, formerly President, Actuation Products and Services (APS), to fill a newly created Chief Operating Officer.
Boland will be responsible for Operations, Quality, Execution Assurance, and the TRIUMPH Operating System.
Boland also assumes responsibility for the Supply Chain function formerly led by Craig Cooper. Natasha Trudeau, previously General Manager, TRIUMPH APS at Yakima, Washington assumed the role of President, Actuation Products and Services as Boland transitioned to the COO new role.
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Triumph Group Selected By STARLUX Airlines For Wheel And Brake MRO Support
Triumph Group (TGI) announced Tuesday that its Product Support business was awarded a two-year wheel and brake maintenance and repair contract from Taiwan-based STARLUX Airlines for their A350 XWB fleet. This work will be accomplished at TRIUMPH's location in Chonburi, Thailand.
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Japan Stock Market May Hand Back Tuesday's Gains
The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.
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South Korea Shares May Head South Again On Wednesday
The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.
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Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.
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U.S. Dollar Climbs Amid Rising Treasury Yields
The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.
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Swiss Shares Extend Losing Streak
The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
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Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further
Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
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European Markets Finish In The Red On Tuesday
The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
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