SYDNEY: International ratings agency Moody’s Investors Services warned Qantas Airways Monday it was considering downgrading the airline over its decision to ground its fleet amid a bitter labour dispute. Channel NewsAsia Business News
SYDNEY: Qantas Airways’ share price leapt 5.5 percent Monday after an industrial tribunal ordered an end to a bitter labour row that led to the grounding of the Australian airline’s entire fleet. Channel NewsAsia Business News
SYDNEY: The shutdown of Qantas Airways’ flights is costing Australia’s economy “tens of millions” of dollars with each hour that it continues, a labour tribunal heard Sunday. Channel NewsAsia Business News
PARIS : Air France cancelled 20 percent of its scheduled flights Saturday due to a strike by cabin crew expected to last five days, including a major national holiday. Channel NewsAsia Business News
WASHINGTON : US and Chinese diplomats discussed ways the world’s top two economies could promote balanced growth and a recovery from the global financial recession, the State Department said Saturday. Channel NewsAsia Business News
SYDNEY: Australian flag carrier Qantas could shrink by half within a year if unions pursue their rolling strike action to protest against pay and restructuring plans, its chief executive was reported as warning Saturday. Channel NewsAsia Business News
WASHINGTON : US technology companies, led by Microsoft, topped a league table of the world’s 25 best multinational workplaces released by a New York-based human resources consultancy. Channel NewsAsia Business News
SYDNEY: Months of rolling strikes have cost Australian flag carrier Qantas AUD$ 68 million ($ 70 million), far more than the damage wrought by the grounding of flights by recent volcanic ash clouds. Channel NewsAsia Business News
LONDON: Energy giant Royal Dutch Shell said on Thursday that third-quarter net profits more than doubled to almost $ 7.0 billion, boosted by solid gas demand, high oil prices and strong refining margins. Channel NewsAsia Business News
FRANKFURT : German automaker Daimler said Thursday that its net profit fell by 16 percent in the third quarter due to writedowns on its investments in French and Russian groups Renault and Kamaz. Channel NewsAsia Business News