Lufthansa CEO advocates random psych tests for pilots: FAZ
FRANKFURT (Reuters) – Random checks of pilots’ psychological fitness could help reduce risks in the aviation sector, Lufthansa Chief Executive Carsten Spohr said in his first newspaper interview since the crash of a Germanwings plane in March.
China, India likely to be biggest shareholders in AIIB
SINGAPORE (Reuters) – China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank’s founding mem…
Stocks get that Friday feeling as stimulus trumps growth concern
LONDON (Reuters) – Global stocks rose and bond yields fell on Friday, as investors shrugged off slowing global growth and focused instead on the continued stimulus provided by the world’s major central banks.
Monte Paschi signs underwriting agreement with banks for cash call
MILAN (Reuters) – Banca Monte dei Paschi di Siena said on Friday it had signed an underwriting agreement with a pool of banks to subscribe to the lender’s planned 3-billion-euro rights issue.
Wal-Mart to bring in-house some sourcing handled by Li & Fung
(Reuters) – Wal-Mart Stores Inc , the world’s largest retailer, said it has decided to bring in-house some of the product sourcing that has been handled by Direct Sourcing Group (DSG), a unit of Hong Kong’s Li & Fung Ltd .
House panel issues subpoena to Fed over 2012 information leak
WASHINGTON (Reuters) – The chairman of a congressional committee on Thursday subpoenaed Federal Reserve documents and communications related to a 2012 leak of monetary policy information, ramping up his attack of the central bank’s handling of the case…
Senate advances fast-track trade bill sought by Obama
Washington (Reuters) – President Barack Obama moved closer to winning the power to speed trade deals through the Congress, as the Senate on Thursday advanced legislation important to his Asian trade push.
Charter in talks with Time Warner Cable over bid likely above $170 per share: WSJ
(Reuters) – Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 per share expected by some analysts, the Wall Street Journal reported, citing people familiar with the matter.
HP sells $2.3 billion China unit stake to forge partnership with Tsinghua Unigroup
HONG KONG (Reuters) – Hewlett-Packard Co will sell a controlling 51 percent stake in its China-based data-networking business to China’s Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhou…
HP forecasts split-related costs below expectations
(Reuters) – Hewlett-Packard Co , which is in the process of splitting itself, forecast separation-related costs below the expectation of several analysts and reported a better-than-expected quarterly profit.
