Struggling Malaysian Airline taps banks for restructuring: sources
SINGAPORE (Reuters) – Malaysian Airline System Bhd and its key stakeholders are in talks with banks for a strategic overhaul that could include the partial sale of its engineering unit and an upgrade of its ageing fleet, sources involved in the discuss…
Franco-German show of unity masks policy divide
BERLIN (Reuters) – When leaders need to go out of their way to show the world they are united, it is usually a sign that all is not well.
Siemens starts 4 billion euro share buyback program
FRANKFURT (Reuters) – Germany’s Siemens said on Monday it is starting a share buyback program of up to four billion euros ($5.5 billion).
Weak Japan exports, not tax hike, could shake BOJ into action
TOKYO (Reuters) – The Bank of Japan is increasingly confident that the economy is weathering a recent tax increase and is on its way out of deflation, but another threat to that optimistic scenario is lurking – weak exports.
How ‘Big Corn’ lost the ethanol battle to Philadelphia refiners
NEW YORK/WASHINGTON (Reuters) – Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions…
GM ranked worst automaker by U.S. suppliers: survey
DETROIT (Reuters) – General Motors Co , already locked in a public relations crisis because of a deadly ignition defect that has triggered the recall of 2.6 million vehicles, has a new perception problem on its hands.
As China e-commerce basks in Alibaba IPO glow, aging warehouses lure investors
HONG KONG (Reuters) – Alibaba Group Holding Ltd’s plans for a giant initial public offering in New York highlight vast potential for e-commerce in China – and the weak link the logistics industry must fix if explosive growth projections are to be reach…
UK business lobby sees brighter economic outlook, boosted by investment
LONDON (Reuters) – Britain’s top business lobby upgraded its economic growth forecasts for this year and next on Monday and said it expects to see marked improvements in British business investment and productivity.
India’s new government set to inherit wobbly economy
NEW DELHI (Reuters) – India is on the cusp of political change that is widely expected to infuse a new life into an economy that is struggling to break away from a tale of weak growth and high inflation.
UK fraud office steps up probe into Barclays over Qatar: FT
(Reuters) – The UK fraud office stepped up its probe into British bank Barclays Plc’s dealings with Qatar, the Financial Times reported on Sunday.
