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Airbus may delay A380 deliveries
HAMBURG: Airbus might delay delivery of some of the 13 superjumbo A380s scheduled for this year until January 2010, the European planemaker said yesterday.
The Toulouse-based aircraft manufacturer, a unit of European defence and aerospace group EADS, also said client financing remained difficult   [more...]
Posted on:10/31/2009

Lloyds could launch largest rights issue
LONDON: Lloyds Banking Group could launch one of the world’s largest cash calls as early as next week after talking to shareholders on Friday to gauge their appetite for the fundraising.
The part-nationalised lender approached its shareholders on Thursday, investor sources said, with little time   [more...]
Posted on:10/31/2009

F&C sees its assets under management rise in third quarter
LONDON: F&C Asset Mana-gement saw its assets under management rise in the third quarter, mainly due to improving markets and favourable currency movements, but said it remained cautious in its outlook given the speed and extent of the market recovery.
“While we see an improvement in risk appetite  [more...]
Posted on:10/31/2009

Global investors eagerly await policies by major central banks
LONDON: Investors worldwide are fixated about when stimulative monetary policy will come to an end, expecting it to be the finale for a sweet period on financial markets that has seen world stocks rise as much as 75 percent in seven months.
With that in mind, the coming week should be striking, w  [more...]
Posted on:10/31/2009

Obama’s plan saved one million US jobs
WASHINGTON: US officials said yesterday that President Barack Obama’s stimulus plan has saved more than a million jobs, as they battle a momentous unemployment crisis.
New data, to be released later in the day, provides the first solid evidence from employers on job creation spawned by the $787b  [more...]
Posted on:10/31/2009

US consumers cut spending
WASHINGTON: US consumers cut spending in September and turned gloomier this month, underscoring the fragility of the economy’s recovery even as signs emerged that manufacturing may be picking up.
The Commerce Department said yesterday consumer spending fell 0.5 percent last month, the largest dro  [more...]
Posted on:10/31/2009

Qatar Kentz gets major Laffan Refinery contract
DOHA: The Laffan Refinery Company Limited (Laffan Refinery) has recently awarded a multi-million dollar turnkey contract to Qatar Kentz WLL for the engineering, procurement and construction of a Receiving & Loading Facility to be built in Ras Laffan Industrial City (RLIC).
The Laffan Refinery Ven  [more...]
Posted on:10/31/2009

New gas crisis looms over European states
NOVO-OGARYOVO, Russia: Russian Prime Minister Vladimir Putin said yesterday that Ukrainian President Viktor Yushchenko risked provoking a new gas crisis that could disrupt supplies to Europe.
“It looks like we will again have problems with energy payments,” Putin said after a telephone call with   [more...]
Posted on:10/31/2009

US slaps $87m fine on BP’s refinery in Texas
HOUSTON: US regulators yesterday hit oil giant BP with a record $87m fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion that killed 15 people.
The Occupational Safety and Health Administration (OSHA) cited 270 violations at the refinery in l  [more...]
Posted on:10/31/2009

Yankees beat Phillies to level World Series 1-1
NEW YORK: The New York Yankees levelled the World Series at one game each as AJ Burnett outdueled old Yankees nemesis Pedro Martinez in a 3-1 victory over the Philadelphia Phillies yesterday.
Mark Teixeira and Hideki Matsui homered for the Yankees, who overcame a 1-0 second-inning deficit for the  [more...]
Posted on:10/31/2009