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Malaysia Airlines suspends shares ahead of reform plan KUALA LUMPUR: Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies.State investment fund Khazanah Nasional, which owns 70 percent of Malaysia Airlines (MAS) and has announced plans to de-list and take it private, is expected to detail the reform plans in a press briefing at 3 pm (0700 GMT).In a statement to the Malaysian stock exchange, MAS said trading of its shares was halted pending an "announcement from Khazanah in relation to the details of a proposed restructuring of MAS".Khazanah is widely believed to be considering layoffs, abandoning unprofitable long-haul routes to Europe and other destinations, and a management shake-up -- moves that analysts say are long overdue and vital for the airline to survive.MAS on Thursday posted its sixth straight quarterly loss for April-June and ...

Roald Dahl's 'Revolting Rhymes' pulled from Australian store SYDNEY: An Australian supermarket which withdrew Roald Dahl's "Revolting Rhymes" because of the word "slut" faced a revolt Friday with some shoppers calling for it to be put back on the shelves.German chain Aldi said it pulled Dahl's 1982 reinvention of classic fairytales after "comments by a limited number of concerned customers regarding the language used in this particular book"."Aldi Australia would like to inform all of our customers that we take the concerns of ...

Yields fall as Ukraine prompts safety buying, ECB seen buying bonds NEW YORK: US Treasuries rallied on Thursday and 30-year bond yields fell to their lowest in over a year as concerns over tensions in Ukraine sparked safety buying, and as European government yields continued to hit record lows.Ukraine accused Russia on Thursday of bringing troops into the southeast of the country in support of pro-Moscow separatist rebels.Expectations that the European Central Bank is likely to start a bond purchase program when it meets next week ...

Turkish central bank to refocus on inflation, growth to falter ISTANBUL: Turkey's central bank is shifting its focus back to taming inflation and says the government may miss its economic growth target of 4 percent this year, economists at a closed door meeting with the bank said on Thursday.The bank refrained from saying whether or not it would cut interest rates further in the coming period, the economists said, although it reiterated it would keep monetary policy tight until the inflation outlook improves.The bank unexpectedly ...

Egypt central bank seek keeping rates on hold: poll CAIRO: Egypt's central bank is expected to keep interest rates on hold on Monday, a Reuters poll showed, in an attempt to balance inflationary pressures and the need to stimulate an economy suffering from more than three years of stagnation.Inflation has slowed since reaching its highest in nearly four years, at 13 percent, last November. But it grew in July after the government introduced fuel price increases.At their last meeting on July 17, the central ...

Honda says to recall 63,200 vehicles over Takata air bag defect TOKYO: Honda Motor Co is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp, the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.Honda is recalling certain CR-V, Civic, Brio and Amaze, model years 2012-2015, mostly in China and other Asian countries, the automaker said on Thursday.It is also recalling vehicles from several countries in Europe, Latin ...

Malaysia Airlines posts Q2 net loss of $98mn KUALA LUMPUR: Malaysia Airlines on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.In a statement to the stock exchange, Malaysian Airline System Bhd (MAS) said its second-quarter net loss grew to 307.04 million Malaysian ringgit ($97.6 million) from a net loss of 175.9 million ringgit in the same period a year earlier.The result was an ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyAugust 28, 2014
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