28 August, 2014 by The TZ Newswire Staff Comments Off on Malaysia Airlines to cut 6,000 jobs, spend $1.9 billion on restructuring: Khazanah
Malaysia Airlines to cut 6,000 jobs, spend $1.9 billion on restructuring: Khazanah
Malaysia Airlines (MASM.KL) will cut 30 percent of its workforce as part of a restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional [KHAZA.UL] said on Friday. Khazanah said the carrier will trim its staff by 6,000 to 14,000 as it seeks to stem long-running losses worsened by two aircraft disasters this year. The state fund said the airline will be de-listed from the Kuala Lumpur exchange by the end of 2014, adding that Ahmad Jauhari Yahya will stay on as chief executive until July 2015.
28 August, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray
Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray
Morgan Stanley has quietly filed plans to build and run one of the first U.S. Department of Energy’s Office of Fossil Energy submitted in May, the Wall Street bank outlined a proposal to build, own and operate a compression and container loading facility near Freeport, Texas, which will have capacity to ship 60 billion cubic feet a year of compressed natural gas (CNG).
28 August, 2014 by The TZ Newswire Staff Comments Off on London Markets: Tesco slides after warning, curbs FTSE 100 gain
London Markets: Tesco slides after warning, curbs FTSE 100 gain
Supermarket chain Tesco tumbles at the open on Friday after issuing a profit warning, capping gains for the FTSE 100, which was on track for its first monthly gain since May.
28 August, 2014 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold rises ahead of holiday weekend
Metals Stocks: Gold rises ahead of holiday weekend
Gold showed no signs of breaking free from its tight trading range, rising ahead of the holiday weekend as another batch of economic data awaits.
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28 August, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Dollar lacks direction, but rises slightly against yen
The Wall Street Journal: Dollar lacks direction, but rises slightly against yen
The dollar was a tad higher against the yen in rangebound Asia trade Friday, with the greenback unable to find clear direction amid a lack of fresh cues.
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28 August, 2014 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Merkel briefly considers possibility she might be wrong
Darrell Delamaide’s Political Capital: Merkel briefly considers possibility she might be wrong
Germany’s Angela Merkel briefly considered the possibility that she might be wrong about austerity in the euro zone but soon returned to the boasting about how successful she’s been, writes Darrell Delamaide.
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28 August, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Oil gains slightly on Russia-Ukraine tensions
The Wall Street Journal: Oil gains slightly on Russia-Ukraine tensions
Crude-oil futures rose slightly in Asian trade Friday, supported by positive U.S.