Recent Posts

BA in last-ditch talks to avert strike

  Bloomberg British Airways Plc (BA) and cabin crew representatives are set to hold talks aimed at stopping strikes that would hit thousands of passengers flying in and out of the UK over Christmas, as Prime Minister Theresa May’s government clashes with unions over a wave of industrial action. The Unite trade union and BA agreed to meet in London ...

Read More »

Ukraine nationalises country’s largest bank

  Kiev / AFP Ukraine nationalised the country’s biggest bank in a bid to avert a financial meltdown in the war-scarred former Soviet state. The government moved to take over PrivatBank after months of rumours that the lender was heavily burdened by bad debts. PrivatBank controls one-third of the east European country’s deposits and even has branches in the Baltic ...

Read More »

Indonesia plans to cut three zeroes from Rupiah

  Bloomberg Indonesia’s central bank is reviving a plan to redenominate the currency of Southeast Asia’s biggest economy despite the threat of market turmoil as the US steps up the pace of interest-rate increases. “Re-denomination must be done while the economy is stable,” Bank Indonesia Senior Deputy Governor Mirza Adityaswara told reporters in Jakarta on Monday. “Now, at this moment, ...

Read More »
Send this to a friend