SAS signs $3.3 billion MOU with Airbus for 12 new jets
STOCKHOLM (Reuters) – Scandinavian airline SAS said on Tuesday it had signed a $3.3 billion preliminary deal with Airbus for the delivery of 12 new passenger jets and would upgrade some of its existing aircraft in a comprehensive overhaul of its long-h…
Two Fed officials downplay worries over end to stimulus
(Reuters) – Less than a week after the Federal Reserve set off a cascade of selling in global markets, two of its top officials downplayed the notion of an imminent end to monetary stimulus and said on Monday the market reaction was not yet cause for c…
Carrefour considering sale of China, Taiwan businesses: report
(Reuters) – Carrefour SA the world’s second largest retailer, is exploring a sale of its businesses in China and Taiwan, including a possible initial public offering in Hong Kong or a combination of some of those assets with another company, The Wall S…
China bank outages trigger consumer cash worries
SHANGHAI (Reuters) – System outages at several Chinese banks since the weekend have exacerbated concerns amongst the public about a credit crunch, after the central bank tightened the availability of funds in the banking system as it tries to rein in i…
Chinese buyers flee Hong Kong for overseas property markets
HONG KONG (Reuters) – On the seventh floor of a luxury hotel in the heart of Hong Kong, a Chinese couple listens carefully as an agent takes them on a virtual tour of an upmarket property development for sale – not in the former British colony, but in …
CFTC planning to file civil lawsuit against Corzine: NYT
(Reuters) – Federal regulators are planning a civil lawsuit against Jon Corzine over the collapse of MF Global Holdings Ltd and the commodity broker’s misuse of customer money during its final days, the New York Times reported, citing law enforcement o…
Nissan CEO Ghosn says was paid $10.1 million in FY 2012/13
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Chief Executive Carlos Ghosn said he was paid 988 million yen ($10.1 million) in the financial year that ended in March, little changed from the previous year and putting him among the highest-paid executives…
Exclusive: Japan’s Meiji Yasuda nears deal for Thai Life stake – sources
TOKYO/HONG KONG (Reuters) – Meiji Yasuda Life Insurance Co has entered into exclusive talks to buy a 15 percent stake in Thai Life Insurance Co for around $700 million, people familiar with the matter told Reuters, as Japanese insurers step up their pr…
BRICS seek to limit fallout of U.S. stimulus withdrawal
BRASILIA (Reuters) – Major emerging-market nations will work together to limit the effects that a strong U.S. dollar could have on their economies as the Federal Reserve signals plans to scale back its massive stimulus program, the Brazilian government…
Cash hard to raise as Fed jars credit markets
(Reuters) – Prospective borrowers ranging from U.S. companies to county governments on Monday shelved a raft of deals to raise new capital or refinance debt as a suddenly uncertain interest rate environment dented demand.
