28 May, 2015 by The TZ Newswire Staff Comments Off on Japan’s Skymark to seek revival plan approval despite creditor opposition: sources
Japan’s Skymark to seek revival plan approval despite creditor opposition: sources
Failed Japanese budget carrier Skymark Airlines Inc (SKALF.PK) will seek court approval on Friday for a revival plan despite opposition from creditors Airbus Group (AIR.PA) and Intrepid Aviation Ltd (INTR.N), two people familiar with the matter said. European jet maker Airbus and aircraft leasing company Intrepid have both threatened to block Japan’s biggest airline, ANA Holdings , from buying a 16.5 percent stake in Skymark in a bid to persuade ANA to purchase or lease Airbus jets, people familiar with the situation previously told Reuters.
28 May, 2015 by The TZ Newswire Staff Comments Off on Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke. “Lehman Brothers in 2008 was not a bankrupt company,” Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman’s massive Chapter 11 filing marked a tipping point.
28 May, 2015 by The TZ Newswire Staff Comments Off on Fed rate hike in 2015 not consistent with mandate: Kocherlakota
Fed rate hike in 2015 not consistent with mandate: Kocherlakota
A U.S. interest rate hike this year would be a mistake, a top Federal Reserve official said on Thursday, and would represent a missed opportunity to boost employment and too-low inflation in an economy that has plenty of room to grow. “The (Fed policy-setting) committee needs to make policy choices that will lead to more great years like 2014,” Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery in Helena, Montana, citing the dramatic improvement in the U.S. labor market last year.
28 May, 2015 by The TZ Newswire Staff Comments Off on Airbus debates new A320 output hike, suffers test glitch
Airbus debates new A320 output hike, suffers test glitch
Airbus (AIR.PA) is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes.
28 May, 2015 by The TZ Newswire Staff Comments Off on U.S. reaches deals with four more banks under Swiss program
U.S. reaches deals with four more banks under Swiss program
Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. The banks are Societe Generale …
28 May, 2015 by The TZ Newswire Staff Comments Off on China’s see-saw ride? Don’t sweat it
China’s see-saw ride? Don’t sweat it
China shares plunged, briefly touching correction territory in volatile trade, but analysts aren’t paying it much attention.
28 May, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Shanghai stocks dip into correction territory
Asia Markets: Shanghai stocks dip into correction territory
Shares in Shanghai briefly fall into correction territory early in the day, a reversal of fortune for one of the world’s best performing markets this year.
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