 | ECB remains divided
over Greek bond plan
THE European Central Bank
remains no closer to agreeing on
whether or not it will take losses on
the Greek bonds it owns, eurozone
central bank sources said on
Thursday.
Policymakers were widely split
on the issue at a late night meeting
on ...
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| | Manufacturing, design flaws
caused A380 cracks: Airbus |  AIRBUS acknowledged a
combination of internal
manufacturing and design
flaws as more examples of
wing cracks arose during
checks on the A380, while
insisting the world´s largest
airliner is safe to fly.
A top executive said the
European planemaker had
established how to repair the
cracks on a small number of
parts inside the superjumbo´s
wings, which prompted
European safety authorities to
order inspections last week.
Airbus and one of the
leading operators, Singapore
Airlines, confirmed a
Reuters report that more
examples of the cracks had
been discovered during
compulsory inspections.
"The A380 is safe to fly,"
Tom Williams, executive... | | | Easyjet bucks
industry trend
with sales uplift |  EASYJET defied the gloom
surrounding the global airline
sector by posting strong
growth in quarterly revenue,
helped by an uplift in the
number of business travellers
flying with the British
budget airline and milder
winter weather.
Europe´s second largest
low-cost carrier said on
Thursday revenue jumped
16.7 percent to 763 million
pounds ($1.2 billion) in the
three months to December,
as passenger numbers rose
8.1 percent to 12.9 million in
its first quarter.
Analysts at UBS had
expected sales of 730 million
pounds.
The Luton, southern
England-based company
said costs per seat, excluding
fuel, fell 1.6 percent
during the quarter, and it
expected ... |
| | Italy´s borrowing cost drops
sharply to 6% in bond sale |  ITALY´S borrowing costs
dropped sharply as it sold the
maximum amount of 5 billion
euros at an auction of shortterm
debt on Thursday, helping
drive down yields on its
longer-dated bonds ahead of
a crucial sale of five- and 10-
year paper on Monday.
At the first auction since
credit rating agency Standard
& Poor´s downgraded Italy by
two notches, yields on its twoyear
zero-coupon bonds fell to
3.76 percent - the lowest since
August and more than a percentage
point less than it paid
a month ago.
"The Treasury managed to
sell at the top of the range and
at a lower yield," said Sergio
Capaldi, an analyst at Intesa
Sanpaolo in Milan.
"We are returning to ... |
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