 | Greece near default on
debt writedown: Fitch INTERNATIONAL ratings agency
Fitch said on Wednesday that a
Greek default was ´highly likely´ as it
cut its credit rating on Greece just a
day after Athens agreed a massive
debt bailout.
Fitch said it had cut Greece´s longterm
sovereign debt rating ...
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| | Shell names Qatar
chief as head
of upstream unit |  ROYAL Dutch Shell promoted
the head of its business in Qatar
to director of international
exploration and production,
replacing a veteran who lost the
race to the top job at Europe´s
largest oil company. Andrew
Brown, 50, is to become director,
upstream international, on
April 1. Shell also said on
Wednesday Malcolm Brinded,
who has worked for the company
since 1974, would step down
as executive director, upstream
international on that date.
Brown currently leads Shell´s
business in Qatar, where it has
spent $20 billion including on
Pearl, a plant to convert natural
gas into liquid fuels, and projects
that when on stream will
represent about 10 percent ... | | | 55 Boeing Dreamliners may
develop fuselage problem |  BOEING said around 55 of its
flagship 787 Dreamliners
"have the potential" to develop
a fuselage shimming problem,
but reiterated that the fault
was being fixed.
Shims are used to fill in
space between parts and
industry publication
Flightglobal has reported
that improperly joined pieces
had caused "parts of the aircraft´s
carbon fibre structure
to delaminate".
The discovery of the issue in
early February is the latest
snag to hit the showpiece but
troubled jet, which suffered
extensive production delays.
"In all the airplanes that we
built, up to airplane 55 in
round numbers have the
potential for the shimming
issue," said the aviation giant´s
vice-president Jim ... | | | Eurozone teetering on
brink of recession |
 THE eurozone economy is in
danger of tipping into recession,
with the services sector
shrinking this month along
with manufacturing, tempering
a wave of optimism after a
new bailout deal for Greece
struck this week.
Surveys of purchasing managers
published on
Wednesday showed unexpectedly
weak activity in the
region´s most powerful economy,
Germany, and in France.
This is as well as in the bloc´s
floundering debtor states, such
as Spain, where unemployment
is running at 23 percent,
and Greece where the euro
debt crisis began more than
two years ago and continuous
cuts have provoked riots.
The Markit Eurozone
Composite Flash PM ... | |
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