PRESS DIGEST- Financial Times - Feb 22
Feb 22 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
BATON ROUGE, La. Dec 9 U.S. President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on U.S. military procurement officials from later working for defense contractors.
Three days after publicly rebuking Boeing Co over costs for the next generation of Air Force One presidential aircraft, Trump floated the idea of such a ban on stage at a rally for his Republican supporters in Baton Rouge, Louisiana.
"I think anybody that gives out these big contracts should never ever, during their lifetime, be allowed to work for a defense company, for a company that makes that product," Trump said. "I don't know, it makes sense to me."
He added that he "got the idea yesterday" as he thought about "massive" cost overruns for military equipment but needed to "check this out" first before making any decisions.
Trump also singled out Lockheed Martin's F-35 stealth fighter jet program for criticism at the Louisiana rally, saying it was "totally, totally, like, uncontrollably over budget." (Reporting by David Lawder; Editing by Jonathan Oatis)
Feb 22 Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve's last meeting for clues on the timing of interest rate hikes. FUNDAMENTALS * Spot gold was steady at $1,236 per ounce at 0054 GMT, while U.S. gold futures fell 0.1 percent to $1,237. * Data showed the U.S. Purchasing Managers Index (PMI) was at 53.9 in February, down from 55.6 in January and expe
Feb 22 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.