Greece cannot rely on ECB to dodge funding crunch
NICOSIA (Reuters) – Greece cannot rely on the European Central Bank to raise a limit on Athens’ issuance of short-term debt, ECB President Mario Draghi suggested on Thursday.
China signals ‘new normal’ with higher spending, lower growth target
BEIJING (Reuters) – China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the “new normal” for the world’…
Kleiner ex-partner Pao to testify in own Silicon Valley bias case
SAN FRANCISCO (Reuters) – Former venture capitalist Ellen Pao could take the stand as early as Thursday in her gender discrimination lawsuit against her previous employer Kleiner Perkins Caufield & Byers, giving testimony that will likely make or break the case.
Emirates Airline president plans talks in Washington over subsidy row
BERLIN (Reuters) – Emirates Airline [EMIRA.UL] President Tim Clark plans talks with officials in Washington in two weeks’ time to help formulate its response to allegations by U.S. airlines of unfair subsidies awarded to Gulf airlines, he said on Thurs…
Emirates says has had extensive A380neo discussions
BERLIN (Reuters) – Emirates [EMIRA.UL] has had extensive discussions with Airbus about the production of a revamped version of the A380 super jumbo with more efficient engines, the airline’s president said on Thursday.
Euro hits 11-year low before ECB, stocks edge higher
LONDON (Reuters) – The euro hit an 11-year low against the dollar and the region’s stocks nudged higher on Thursday, as the European Central Bank prepared to provide the finer details of its soon-to-be-launched 1 trillion euro stimulus plan.
Exclusive: Malaysia’s 1MDB to be dismantled under debt plan – sources
KUALA LUMPUR (Reuters) – Malaysia’s indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of t…
Irish government expects further IAG offer for Aer Lingus: Deputy PM
DUBLIN (Reuters) – Ireland’s government expects International Consolidated Airlines Group (IAG) to make a further offer to convince it to sell its 25 percent stake in Aer Lingus , Deputy Prime Minister Joan Burton said on Thursday
Citigroup sells stake in Turkey’s Akbank for $1.2 billion
ISTANBUL (Reuters) – Citigroup has sold its nearly 10 percent stake in Turkey’s Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.
Apple delays larger iPad production till September: reports
(Reuters) – Apple Inc will delay the start of production on a larger, 12.9-inch iPad until around September because of delays involving the supply of display panels, according to two media reports.
