Qantas cancels Dreamliner order
Australian airline Qantas has cancelled an order for 15 of Boeing’s Dreamliner 787 aircraft. The cancellation came after Boeing this week delayed the launch of the Dreamliner for the fifth time.
Qantas said it revoked its $3bn (£1.8bn) order because of the worsening economic environment, not the delays. Read the rest of this entry »
Jobs warning at Jaguar Land Rover
More job cuts may be made at Jaguar Land Rover, after the carmaker reported a £280m 10-month loss, owner Tata Motors has warned.
Tata also said that further shutdowns were likely at Jaguar Land Rover’s factories in Castle Bromwich, Coventry, Solihull and Halewood, Merseyside. Read the rest of this entry »
Michael Jackson fans who bought tickets for his O2 gigs on the internet auction site eBay will receive refunds, it has been confirmed.
Jackson, who died on Thursday, had been due to perform 50 dates at the London venue from 13 July. Thousands of people who bought tickets on the secondary market site were left wondering if they would get refunds. Read the rest of this entry »
Zee Entertainment Enterprises Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from August 10, 2009 to August 18, 2009 (both days inclusive) for the purpose of payment of dividend (Dividend of Rs 2 per equity shares Read the rest of this entry »
Anand Rathi Financial Services Ltd (”Manager to the Offer”) for & on behalf of Mr Suresh Kumar Somani (”Acquirer”) has issued this Public Announcement (”PA”) to the Public Shareholders of Confidence Trading Company Ltd (”Target Company”), pursuant to and in compliance with Regulation 10 & 12 of Securities and Exchange Board of Read the rest of this entry »
Japan Airlines to receive bailout
The Japanese government is ready to make an emergency loan to the country’s biggest airline JAL.
Loss-making Japan Airlines (JAL) could receive up to 100bn yen ($1bn; £635m) in state aid, say reports, on condition that the airline’s management improves. Read the rest of this entry »
British Prime Minister Gordon Brown has announced an extra £5m ($8m) of aid to Zimbabwe after meeting his Zimbabwean counterpart Morgan Tsvangirai.
This takes the total this year to £60m ($98m) but Mr Brown said more money would only come after further reform. He also said the aid Read the rest of this entry »
Liverpool co-owner George Gillett is to sell one of his major assets in a deal which could ease financial pressures at the Premier League club.
He is selling his stake in the NHL’s Montreal Canadiens in a deal reported to be worth at least $550m (£332.9m). Mr Gillett, and fellow Liverpool owner Read the rest of this entry »
Hindustan Dorr Oliver Ltd has announced that the Company has bagged a prestigious project worth of $11 Million from HPCL-Mittal Energy Ltd for Raw Water Treatment Plant of capacity 130 MLD.
This project will be executed on Turnkey basis and completion period is 14 Read the rest of this entry »
Chinese exports have dropped by a record amount in May as demand for its goods from the US and Europe slumped. Exports fell 26.4% from the same month earlier, more than February’s previous record drop.
As the downturn has also affected China, and its imports have also declined. They dropped by 25.2% in May. As a result, China’s trade surplus, the Read the rest of this entry »