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Man linked to JPMorgan hacking in talks to resolve U.S. case: filing

A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase & Co is in talks to resolve his criminal case, according to court papers filed Friday. In a court filing in federal court in Manha...

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by the companies through Britain's Bacs system, which processes electronic transaction...


Carlyle looks to sell Landmark Aviation for $1.7 billion

Private equity firm Carlyle Group LP (CG.O) has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, including debt, people familiar with the matter said on Friday. The business jet market is slowly recovering from a downturn sparked by the global financial crisis, helping valuations for companies offering services to that industry....

Shanghai Airports Report 1.3 Billion Yuan H1 Net Profit

Shanghai Airport Authority (SAA) Thursday reported a double-digit growth for its net profit in the first half of 2015 owing to strong travel demand, lower fuel price and higher airports capacities. Two Shanghai airports including Shanghai Hongqiao International Airport (SHA) and Shanghai Pudong International Airport (PVG) have achieved a total net profit of 1,292 million yuan for the six months...

Air China’s 1H profit increases more than 700%

Air China has reported a net income of CNY4.2 billion ($660 million) for the first half of 2015, up 721% over the net profit of CNY510 million for the same period of last year. Operating revenue rose 3.87% to CNY51.9 billion while operating costs increased by 5% to CNY45.2 billion. The Beijing-based carrier cited “robust growth in market demand” and “much lower fu...

STLC and SCAT signed a lease agreement for 15 Sukhoi SuperJet 100 aircraft

State Transport Leasing Company (STLC) and SCAT air carrier (Kazakhstan) signed a lease agreement for 15 Sukhoi SuperJet 100 aircraft at MAKS-2015 international airshow, press-service of STLC reports. The document was signed by STLC CEO Sergey Khramagin, and SCAT President Vladimir Denisov. “Under the agreement the lease term for each jet is 144 months since the date of delivery. Other...

Emirates forms strategic partnership MCI

mirates and MCI have announced a global alliance which will see Emirates becoming the official airline of its large and international events. MCI in turn will be the preferred Professional Congress Organiser (PCO) for Emirates. The strategic partnership will help Emirates build a strong MICE (Meetings, Incentives, Conferences and Exhibition) commercial brand in the meetings industry and bette...

Rex Announces Full Year Results – FY1415

At its full financial year (FY) results presentation today, Regional Express Holdings Ltd (Rex) announced a Profit Before Tax (PBT) of $9.3 million for the year ended 30 June 2015. This represents a drop of 12.8% from the prior year making it the third consecutive profit decline since FY13. Commenting on the results, Rex Executive Chairman Mr Lim Kim Hai said, “Trading conditions of regio...

Exchange Income Corporation Announces $75 Million Bought Deal Financing of Common Shares

Exchange Income Corporation (TSX:EIF) (the “Corporation”) announced today that it has entered into an agreement to sell, on a bought deal basis, 3,019,000 common shares (the “Shares”) from treasury to a syndicate of underwriters co-led by National Bank Financial Inc. and Laurentian Bank Securities Inc. and including CIBC World Markets Inc., TD Securities Inc., Sco...

Israel Aerospace Industries (IAI) publishes its financial statement for Q2 2015

 Sales reach USD 928 million • Gross profit of USD 125 million • Operating income of USD 11 million • Net income totaling USD 20 million • Order backlog at USD 8.6 billion, representing about 2.2 years of operation • The Company’s cash balances total approximately USD 1.23 billion August 27th, 2...

UAC to spend 19 billion rubles on development of Il-114 passenger aircraft

Development of Il-114 passenger aircraft will cost United Aircraft Corporation (UAC) 19 billion rubles, but there is a demand for the airliner, UAC President Yuri Slusar said. “Air carriers and the Ministry of Defense need Il-114 aircraft, UAC President Y.Slusar said at MAKS-2015 international airshow. – UAC is confident that this aircraft must be developed. Speaking of costs, works...

Asia stocks take heart from Wall Street rally

Asian stocks rose on Thursday as a sharp rebound on Wall Street eased fears of a protracted global market rout, while the dollar steadied as risk appetite returned. Sentiment was also supported by comments from New York Fed President William Dudley on Wednesday who said the prospect of a September rate hike "seems less compelling" than it was only weeks ago given the threat posed to t...

Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg

Mutual fund provider Fidelity Investments is considering dropping American Express Co (AXP.N) and Bank of America Corp (BAC.N) to find new partners and better terms, Bloomberg reported, citing people familiar with the matter. Visa Inc (V.N) and MasterCard Inc (MA.N) are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying. Warehouse club retailer Costc...

VEB is going to take part in financing deliveries of Sukhoi SuperJet 100 to Mexico

Vnesheconombank (VEB), United Aircraft Corporation (UAC), Sukhoi Civil Aircraft Company (SCAC) and SuperJet International S.p.A. signed a memorandum of cooperation at MAKS-2015 airshow. The document was signed by the First Deputy Chairman – member of the VEB Management Board, Petr Fradkov, UAC President Yuri Slusar, SCAC President Ilya Tarasenko and SuperJet International S.p.A. CEO Nazar...

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Essential news

Leonardo acquires Kopter to extend helicopter market leadership

Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG. This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sec...

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Leonardo acquires Kopter to extend helicopter market leadership

Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG. This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sec...