IATA raises global airline profit forecasts for 2013 and 2014
GENEVA (Reuters) – Airlines lobby group IATA has raised its forecast for airline profits this year by 10 percent and predicted passenger numbers topping 3 billion for the first time, reflecting lower jet fuel costs, improved efficiency and global econo…
GM yet to reap full benefits of links with Europe’s carmakers
FRANKFURT (Reuters) – General Motors scaled back its alliance with Peugeot and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships.
Peugeot shares sinks 10 percent on capital hike worries
PARIS (Reuters) – Shares in PSA Peugeot Citroen tumbled 10 percent on Thursday, representing a 430 million euros ($592 million) wipeout in market capitalization, after the car maker unveiled a big writedown and confirmed it is mulling a capital increas…
China official says has ‘substantial’ price-fixing evidence against Qualcomm: media
BEIJING (Reuters) – China’s top economic planning agency has “substantial evidence” against chipmaker Qualcomm Inc in an antitrust probe, state media on Thursday quoted a senior official at the price regulator as saying.
Goldman to provide $120 million pre-IPO loan to China warehouse firm
HONG KONG (Reuters) – Goldman Sachs has agreed to provide a $120 million pre-IPO loan to Shanghai-based warehouse developer e-Shang, co-founded by U.S. private equity firm Warburg Pincus , e-Shang said on Thursday.
EADS won’t chase growth at any cost, strategy chief says
PARIS (Reuters) – Airbus parent EADS will not chase growth at any cost and will avoid investing in areas where growth looks shaky or inaccessible, the company’s strategy chief said on Thursday.
Peugeot unveils writedown, GM backing for Dongfeng deal
PARIS/LONDON (Reuters) – French carmaker PSA Peugeot Citroen unveiled a 1.1 billion euro ($1.52 billion) writedown at its ailing overseas operations and won General Motors backing for a tie-up with China’s Dongfeng.
Landmark HK court order forces insider trader to compensate investors
SINGAPORE (Reuters) – A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal rul…
Putin vows to keep spending promises despite slowdown
MOSCOW (Reuters) – President Vladimir Putin conceded for the first time on Thursday that Russia’s economic problems were home-grown but vowed not to abandon the spending promises he made on returning to the Kremlin last year.
South Korea contractor in $1.1 billion Iraq deal to sell fighter jets
SEOUL (Reuters) – Korea Aerospace Industries has signed a contract with Iraq to export 24 light fighter jets valued at $1.1 billion, the South Korean company said on Thursday.
