Japan's failed budget carrier Skymark Airlines Inc (SKALF.PK) submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion yen ($2.4 billion) debt.
Regions
China to extend 'parallel import' car scheme to Tianjin
A trial program allowing unauthorized dealers to sell imported cars will be extended to the northern city of Tianjin, China's state media said on Sunday, as the government moves to rein in high-end car prices.
South Korea's Lotte Group buys New York hotel for $805 million
South Korea's Lotte Group said on Sunday that it had signed a contract to buy the New York Palace Hotel in Manhattan for $805 million from real estate management firm Northwood Investors.
Middle East funds negative on Saudi after oil slides: Reuters survey
Middle East fund managers have on balance become bearish on the region's biggest stock market, Saudi Arabia, after oil's rally ran out of steam and the kingdom confirmed strict rules on foreign investment, a monthly Reuters survey shows.
Crunch time for Greece; U.S. and Chinese data in focus
Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, while a raft of key data in the next few days will point to the progress of the global economy.
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Prime Minister Modi ramped up spending on roads, railways and rural infrastructure in April to boost economic growth, after $19 billion in cuts brought public investment shuddering to a halt at the end of the last fiscal year.
Apple Inc (AAPL.O) has acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a corporate filing.
Short term policies could stabilize China's slowing economy in the second half of this year, but for growth to make a lasting recovery Beijing should foster new sectors and innovation, a government think tank's chief economist was reported as saying on Saturday.
Shares of U.S. automakers may finally be able to accelerate. Investors are closely awaiting next week's May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector - among the cheapest in the market - putting the sting of product recalls and tepid recent growth in the rear view mirror.
India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity.
General Motors Co (GM.N) is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp (7312.T), the U.S. automaker said.
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software group looks to boost the use of fingerprint sensors on mobile phones.
India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules.
