 | Qatar leads in aviation
growth: Boeing official
QATARhas set an excellent example
of a forward-looking country
whose government has implemented
legislations to liberalise
the aviation industry and create
an environment conducive for
growth, a top official of Boeing
Commercial Airplanes has said ...
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| | European airlines may lose
$1.1 billion this year: IATA |  THE global aviation trade
group nearly doubled its forecast
of European airlines´ losses
this year to $1.1 billion and
said on Monday the worldwide
industry will scrape by with
wafer thin profit margins due
to high fuel prices.
US and Asian carriers should
make money this year, but
more airlines in Europe might
follow Hungary´s Malev into
bankruptcy if the European
financial crisis worsens, the
International Air Transport
Association said.
The group called for governments
to resolve a dispute
over European carbon
charges on airlines and to
avoid tax and regulatory
changes it said might hamper
industry growth.
Global aviation should
make a total profit this year
of $3 billion on revenue of
$631 billion — a 0.5 percent
... | | | Greeks face decision day
over austerity, euro exit |
 AS the prospect of Greece
leaving the euro turns from a
taboo to a real possibility, the
race is on for fallout calculations
ahead of a June 17 general
election critical for the
debt-laden nation´s future.
World leaders from US
President Barack Obama,
German Chancellor Angela
Merkel and newly-elected
French President Francois
Hollande have all highlighted
the stark choice facing
Greeks: to complete austerity
reforms or ditch the euro.
But in Greece itself, the key
debate is how to redraft the
country´s bailout deal with
the EU and the IMF, whose
austerity provisions are
deemed to have killed off the
economy.
The conservative New
Democracy party, seen to
have a fighting chance of winning
the vote — albeit without... | | | RBI move sparks
bond price gains,
eases worries |  INDIAN federal bond yields
fell on Monday after the central
bank said it would purchase
bonds via open market
operations, helping relieve
some of the liquidity worries
as companies gear up to pay
taxes.
The OMOs from the
Reserve Bank of India would
resume bond purchases after
a two-week absence, helping
offset the impact of expected
outflows as corporates start
paying taxes ahead of the
June 15 deadline.
Also supporting bond
prices are expectations the
RBI will cut interest rates by
25 basis points this month
after recently weak January-
March economic growth data.
Some analysts expect an additional
cut in the cash reserve
ratio, or the money banks
must park with the central
bank.
Industrial output data due
on Tuesday ... | |
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