‘Minor technical issue’ on Dreamliner now fixed: Thomson Airways
LONDON (Reuters) – Britain’s Thomson Airways said on Saturday that it had replaced a small number of components on a Boeing Dreamliner that had to turn back during a flight on Friday and the aircraft had been fully tested and would fly again on Sunday …
No evidence of link between Dreamliner fire and batteries: AAIB
LONDON (Reuters) – There is no evidence at this stage that a fire that broke out on a Boeing Dreamliner at London’s Heathrow Airport on Friday was linked to the aircraft’s batteries, Britain’s Air Accident Investigation Branch (AAIB) said on Saturday.
Kloeckner & Co gives up hope of breaking even in 2013: paper
FRANKFURT (Reuters) – German steel distributor Kloeckner & Co has given up hope of breaking even this year as demand for steel remains low, its chief financial officer told a German newspaper.
Italian court upholds release of Nomura assets: sources
SIENA (Reuters) – An Italian appeals court in Siena upheld an earlier ruling that Japanese investment bank Nomura did not made wrongful gains in a derivative deal with Tuscan lender Monte dei Paschi , legal sources said on Saturday.
Spitzer: Who’s afraid of the ‘Sheriff of Wall Street’?
NEW YORK (Reuters) – If elected New York City comptroller, Eliot Spitzer has vowed to wield power as aggressively as he did as state attorney general, leading some in the financial community to worry that the “Sheriff of Wall Street” might be back.
Gulf Keystone recommends voting against M&G nominees
LONDON (Reuters) – Oil exploration firm Gulf Keystone said its board would recommend that shareholders vote against four proposed directors backed by M&G Recovery Fund, an activist shareholder which has criticized governance and “excessive” executive pay at the firm.
Praktiker shareholder mulls taking over bank loans: paper
FRANKFURT (Reuters) – A leading shareholder of insolvent German home improvement retailer Praktiker is considering buying out banks in a move to save the company, Germany’s leading tabloid newspaper reported on Saturday.
Xinhua corrects China Finance minister’s growth target comment
BEIJING (Reuters) – The official Xinhua News Agency corrected on Saturday a dispatch that quoted the finance minister as saying growth could be 7 percent this year, in an apparent attempt to defuse market worries on a more severe slowdown.
As earnings take over, fundamentals to be tested
NEW YORK (Reuters) – Next week marks the first big week of second-quarter earnings, and it is sure to bring both joy and misery to Wall Street.
Turkmenistan’s gas-fuelled GDP rises 9.4 percent in January-June
ASHGABAT (Reuters) – The economy of Turkmenistan, Central Asia’s largest producer of natural gas, grew 9.4 percent in the first six months of 2013 compared to an 11.1 percent rise in the year-ago period, state media quoted the nation’s president as say…
