Greece gets green light for 4 billion euro payment, EU says
BRUSSELS (Reuters) – Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday, the European Commission said on Friday.
Probe opened as Air India Boeing Dreamliner oven overheats midair
NEW DELHI (Reuters) – An oven in a Boeing Co Dreamliner operated by Air India overheated during a domestic flight this week causing smoke but did not interrupt services, the state-run Indian carrier said, adding an investigation has begun.
Japan’s ANA finds damaged battery wires on Boeing Dreamliner locator beacons
TOKYO (Reuters) – Japan’s ANA Holdings Inc , which operates the world’s biggest fleet of Boeing Co Dreamliners, said it found damage to the battery wiring on two 787 locator beacons during checks after the devices were identified as the likely cause of…
GM’s South Korean workers OK wage deal after strike hits output
SEOUL (Reuters) – General Motors’ South Korean workers have approved an annual wage deal, ending 13 days of partial strikes at the base where the U.S. automaker produces more than 40 percent of its Chevy-branded cars, a union spokesman said on Friday.
Analysis: History shows India’s growth concerns will override rupee defense
MUMBAI (Reuters) – If one thing is clear from India’s impulsive strategies this month to defend a plunging currency, it is that the central bank’s policy bias towards supporting growth is innate, even in a crisis.
Insight: How Samsung is beating Apple in China
GUANGZHOU, China/SEOUL (Reuters) – Apple Chief Executive Tim Cook believes that “over the arc of time” China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around…
Samsung to invest in chips, panels as smartphone outlook dims
SEOUL (Reuters) – Samsung Electronics Co Ltd announced a $1 billion increase in investment on Friday, hoping a strong recovery in semiconductors will make up for weakening smartphone growth as it faces mounting pressure to produce eye-catching new gadg…
Analysis: On U.S. banks and commodity trade, Fed unlikely to say no
NEW YORK (Reuters) – When it comes to commodity trading, the U.S. Federal Reserve has a habit of lengthy deliberation, deep enquiry and saying yes.
Exclusive: Malaysia pension fund to spend 500 million euros on German, French properties
KUALA LUMPUR (Reuters) – Malaysia’s state pension fund will invest half a billion euros ($660 million) in industrial property in Germany and office space in France, according to sources familiar with the deals, signaling growing appetite for high-yield…
Opposition mounts to Summers as possible Fed chief
WASHINGTON (Reuters) – President Barack Obama could be months away from announcing his pick to replace Ben Bernanke at the Federal Reserve, yet critics are already making an unusual public effort to stop one contender in the race – former U.S. Treasury…
