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TOKYO (Reuters) – The Development Bank of Japan (DBJ) has agreed to increase the amount of its unsecured loans to Japan Airlines from 100 billion yen ($1.08 billion) at present, Jiji news agency reported on Thursday.
http://www.reuters.com/
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HONG KONG (Reuters) – Geely, China’s No.1 private carmaker, said on Thursday that its parent company has strong support from the Chinese government to acquire Ford Motor’s Volvo unit, and expects robust growth for China’s auto industry in 2010, also with help from Beijing.
http://www.reuters.com/
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BEIJING (Reuters) – China on Thursday decried a U.S. decision to impose duties of 10 to 16 percent on Chinese-made steel pipe, the biggest U.S. trade case to date against China, and said it had been made a scapegoat of protectionist interests.
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NEW YORK (Reuters) – Northern Trust Corp, the U.S. financial services company that drew lawmakers’ ire in February for throwing a lavish party after receiving bailout funds, will cut its 2010 entertainment budget, the Financial Times reported.
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TOKYO (Reuters) – Several cabinet members of the Japanese government want Japan Airlines Corp to withdraw completely from its international flights business and consolidate it with that of All Nippon Airways Co, the Mainichi Shimbun newspaper reported on Thursday.
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WASHINGTON (Reuters) – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.
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NEW YORK (Reuters) – A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration’s pay czar, the insurer said on Wednesday.
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NEW YORK (Reuters) – Time Warner Cable Inc said it is willing to go to arbitration with News Corp’s Fox Networks to avoid losing some of Fox’s channels if the companies fail to agree on a new carriage deal.
http://www.reuters.com/
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REYKJAVIK (Reuters) – Iceland’s parliament approved an amended bill on Wednesday to repay more than $5 billion lost by savers in Britain and the Netherlands when the island’s banks collapsed during the financial crisis.
http://www.reuters.com/
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