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.
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: Microsoft needs to convince two key groups — developers to make apps for the Windows operating system and vendors to launch Windows phones at multiple price points — to stay relevant in the highly competitive Indian handset market as well globally, said analysts. The question of Microsoft's relevance in the handset space comes after the Redmond-headquartered company on Wednesday announced 7,800 layoffs in its smartphone business, besides a write-down of $7.6 billion related to its acquisition of Nokia's devices business last year.
MUMBAI: Indian equity market will remain volatile over the next few months as investors await tangible data on macroeconomic and corporate recovery, says a Deutsche Bank report. The market direction will also be determined by the ebb and flow of macro data from the US, which will impact the market's assessment of the onset, pace and quantum of the Federal Bank's lift-off on interest rates, it said. The key stock market indices in India witnessed a sharp slide following forecast of deficient monsoon rains this year and a cautious stance by the Reserve Bank on growth as well as inflation.
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.
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.