Russian firms turn to Asia for finance as Western funds demur
LONDON/HONG KONG (Reuters) – Russian companies shut out of Western markets as a result of the Ukraine crisis are scouting the possibility of raising cash via Chinese or Singapore bonds instead, even if a large scale funding switch to Asia is likely to …
Etihad still open to Alitalia talks, but won’t budge on demands
MILAN (Reuters) – Etihad Airways has signaled that it is ready to continue talks on a potential investment in Italy’s troubled Alitalia but it refuses to budge on tough conditions on debt restructuring and job cuts, a source close to the talks said on …
Germany’s Eurofighter jet costs to double to 60 billion euros: auditors
BERLIN (Reuters) – The German defense ministry has no overview of the costs it is incurring for Airbus Group’s Eurofighter jets and will spend twice as much as it originally planned on the country’s most expensive defense project, federal auditors said…
Some U.S. companies starting to feel pain from Ukraine crisis
NEW YORK (Reuters) – Turmoil in Ukraine and a series of Western sanctions on Russia are starting to hurt some U.S. corporations doing business in the region, with the latest round of U.S. penalties threatening to complicate matters further.
Exelon to buy Pepco Holdings for more than $5.4 billion: Bloomberg
(Reuters) – Nuclear power company Exelon Corp agreed to buy utility company Pepco Holdings Inc for more than $5.4 billion in cash, Bloomberg reported, citing people familiar with the transaction.
U.S. consumer confidence rebounds to pre-crisis levels in first quarter: Nielsen
LONDON (Reuters) – U.S. consumer sentiment rose sharply in the first quarter as optimism about the economic outlook improved, according to a global survey which also showed rising confidence in debt-laden euro zone countries.
Switzerland, Norway are world’s most expensive economies
WASHINGTON (Reuters) – Switzerland and Norway are the world’s most expensive economies, followed by Bermuda, Australia and Denmark, according to a new ranking by the World Bank.
Twitter disappoints again on user growth and views; shares drop
SAN FRANCISCO (Reuters) – Twitter Inc reported lackluster user and usage growth for the second consecutive quarter on Tuesday, deepening investor concerns about its struggle to gain a mass following.
Ex-AIG chief Greenberg must face judge he called biased
NEW YORK (Reuters) – Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias.
Twitter disappoints again on user growth and views; shares drop
SAN FRANCISCO (Reuters) – Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 percent from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following.
