Dubai’s Emirates to order A380s at Dubai airshow: chairman
DUBAI (Reuters) – Dubai’s flag carrier Emirates will buy more Airbus A380 superjumbos at the Dubai Airshow, the airline’s chairman said on Sunday, adding the carrier’s total plane orders will exceed the $18 billion ordered in the last airshow.
ANZ Bank wins approval for sub-branch in Shanghai free trade zone
PERTH (Reuters) – Australia and New Zealand Banking Group Ltd said on Sunday it had approval from Chinese authorities to set up a sub-branch in the new Shanghai free-trade zone, following several other major international lenders into the pilot project…
Dubai Airshow to open with Gulf spending spree
DUBAI (Reuters) – Gulf airlines are set to place orders worth over $100 billion as the Dubai Airshow gets under way on Sunday, industry sources said, led by record investment in a new Boeing jet.
Former U.S. Treasury Secretary Geithner to join private equity firm
(Reuters) – Former U.S. Treasury Secretary Timothy Geithner, who played a major role in combating the global financial crisis, is joining private-equity firm Warburg Pincus as president and managing director, the firm said on Saturday.
Union leader says Boeing speeds 777X due to Airbus jet
NEW YORK (Reuters) – Boeing wants to speed up development of its newest jetliner because of the success of a rival plane from Airbus and sought to nail down a Seattle labor deal to help advance that aim, the machinists’ union chief said in a Reuters in…
Siemens chairman plans to stay until 2018: magazine
FRANKFURT (Reuters) – Siemens chairman Gerhard Cromme plans to stay in his post until his contract ends in 2018, German magazine Focus reported on Saturday, saying he had made his intention clear to close colleagues inside the engineering conglomerate….
Boeing says no plans to reopen union talks on 777X
DUBAI (Reuters) – Boeing said it has no plans to reopen talks with a union representing Washington state workers who have rejected a labor contract linked to its newest jet and vowed it would “look very broadly” at where to build it.
Turkish move on China missile deal not final: official
DUBAI (Reuters) – The head of the Turkish air force said on Saturday his country’s decision to buy a $3.4 billion missile defense system from a Chinese company was not final, and could still change.
Russia’s VTB agrees to join Mechel restructuring: source
MOSCOW (Reuters) – Russian state-controlled bank VTB has agreed to join other creditors in restructuring mining group Mechel’s $9.6 billion debt, a source close to VTB said on Saturday.
Japan’s Tepco to shed more than 1,000 jobs: sources
TOKYO (Reuters) – Japan’s embattled Tokyo Electric Power Co plans to shed more than 1,000 jobs via voluntary retirements by the second half of 2014, sources told Reuters, as it seeks to win more financial aid to clean up its crippled Fukushima nuclear …
