Sat, May 25 2013
AirAsia India launch seen in Q4; may order 50 more jets
MONACO - AirAsia, which smashed order records for Airbus jets to become Asia's largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, Chief Executive Tony Fernandes said.
Gold faces more pressure as inflation stays tame
LONDON - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise.
What Detroit crisis? Pension fund trustees hang out in Hawaii
HONOLULU - The city of Detroit may be facing a deepening financial crisis but that hasn't stopped four trustees of its public pension funds from spending $22,000 of retirement system funds to attend a conference in Hawaii this week.
Rich country investors return home for stable cash income
LONDON - The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
Fri, May 24 2013
Jindal to expand steel output, buy mines in West Africa
LONDON - Mid-sized producer Jindal Steel and Power hopes to quadruple steel output by 2016 to cash in on an infrastructure boom in the world's second most populous country and is also in talks to buy mining assets in West Africa.
Chidambaram says will introduce direct tax code in monsoon session
MUMBAI - Finance Minister P. Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament.
Sat, May 25 2013
IMF's Lagarde escapes formal investigation in court
PARIS - French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
Billionaire investor apologizes for saying women traders inferior
REUTERS - Billionaire investor Paul Tudor Jones, who riled both Wall Street and Main Street when he said that women will never quite rival men in investing or trading, apologized on Friday, noting that he has encouraged his daughters to pursue careers on Wall Street.
News Corp to take charge of up to $1.4 billion this quarter
REUTERS - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.
Chinese premier criticises EU move on trade measures
SHANGHAI - Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
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