 | Doha Bank, China UnionPay
form strategic partnership
DOHA Bank and China
UnionPay, the biggest and most
advanced bankcard association
in the Chinese bankcard industry,
on Monday announced a
strategic partnership to offer
greater facilities to China
UnionPay ...
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| | Indian rupee posts biggest daily gain in six weeks |  THE Indian rupee posted its
biggest percentage gain against
the dollar in six weeks on Monday
after the country postponed controversial
rules on foreign taxation
by a year, helping soothe worries
about flows.
The rupee extended gains in the
afternoon session after Finance
Minister Pranab Mukherjee told
lawmakers that India will delay
the General Anti-Avoidance Rule
(GAAR) until fiscal 2013-14.
The local currency had already
been propped up in morning trade
by expectations of a more active
central bank, with dealers saying
the Reserve Bank of India had
likely sold dollars soon after trade
opened.
On Friday, the central bank on
Friday announced measures... | | | Etihad cancels $2.2bn Airbus order |  EUROPEAN airplane maker
Airbus said on Monday that
Etihad Airways has cancelled a
$2.2 billion order for seven of
its A350-1000s, the latest setback
to the delayed twinengined
long range aircraft.
"I can confirm Etihad has
cancelled seven A350-1000s,"
said an Airbus spokesman,
adding the Abu Dhabi government-
owned airline still had 12
of the aircraft on order.
In January Etihad reduced
firm orders for the A350-1000
from 25 to 19.
In June, Airbus, a unit of
European Aeronautic Defence
& Space Company (EADS),
said it would increase the size
and power of the A350-1000,
delaying the aircraft´s launch to
2017 from 2015.
Chief Executive Tom Enders
... | | | LG to launch Google TV in US |
 LG ELECTRONICS, the
world´s No 2 TV maker,
plans to launch Internetenabled
TV based on
Google´s platform in the
United States in the week of
May 21, as the South Korean
firm seeks to gain a larger
share of the emerging
Internet TV market, a senior
LG executive said on
Monday.
The move reflects an
aggressive push by the duo to
defend against a potential
threat from Apple, which
reshaped the handset market
with its iPhone smartphone
and is widely expected to
unveil a full-fledged TV
product later this year or
early next year.
"Production of Google TVs
will start from May 17 from
our factory in Mexico and US
consumers will be able to
buy the product ... | |
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