Kuala Lumpur (AFP) - Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.
NEW DELHI: AirAsia India's minority shareholder Arun Bhatia has expressed unhappiness over the state of affairs at the budget carrier, saying that decisions are being taken by its Malaysian parent AirAsia. "If you ask the CEO (of AirAsia India) what is happening, he says sir what can I do? I don't have any information, everything is controlled by Malaysia, that is the situation today. "I am quite unhappy with whatever is happening," Bhatia, who holds 10 per cent stake in AirAsia India, told television channel ET Now.
Common sense won out twice in Wisconsin in the past two weeks. On September 11, Wisconsin Act 10 upheld in another federal court challenge.
A federal judge on Wednesday dismissed one of the lawsuits challenging Act 10, Gov. Scott Walker’s budget repair bill in 2011 that eliminated most collective bargaining powers held by Wisconsin public unions.
There is a fiftyfifty chance of Greece staying in the European Union, said Tai Hui, managing director and chief market strategist - Asia, JP Morgan AMC. In an interview with ET, Hui said Indian markets are likely to remain more resilient to the crisis because they operate under their own dynamics. Edited excerpts: How are the markets perceiving the Greece referendum, and what are the chances of a 'yes' vote? There is uncertainty in global financial markets as Greeks vote in the referendum on July 5.
NEW DELHI: Foreign investors have started to take money off the Indian markets and the trend is likely to continue as other markets such as Korea and Taiwan have become more attractive, an HSBC report said. The potential for equity outflows has increased, with foreign positions looking "stretched" in India, said the global brokerage. Moreover, it added, Indian markets experienced the first monthly outflow this year in May, while Korea and Taiwan saw inflows of USD 1.5 billion and USD 1 billion, respectively.
MUMBAI: Stock markets may cheer the Bombay High Court's move to stay the income tax department's decision to impose minimum alternate tax (MAT) on Aberdeen Global Emerging Markets. But, brokers and analysts do not expect the move to spark a sharp rally as the court had issued a stay on technical grounds. "I would say it's a step in the right direction. But while a stay order will have a positive influence, a conclusion on FII tax issue can only be drawn once the court gives its final verdict," said UR Bhat, managing director at Dalton Capital.
Hike in Indian gold tax to fight trade imbalance squeezes wedding budgets, spurs smuggling MUMBAI, India (AP) — With India's wedding season in full swing, the glass sales counters in Mumbai's famed Zhaveri gold bazaars are crowded with customers eyeing elaborate headpieces, nose rings and necklaces.