The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.
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Australian carrier Qantas considers stake sale -report
If the Australian federal government does not boost Qantas Airways Ltd's credit ratings, the national carrier may sell its shares in its frequent flyer division or Jetstar's Asian arm, the Australian Financial Review (AFR) reported.
American-US Airways merger bad news for passengers -report
According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.
Queensland sells USD350 million of Aurizon stake
The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.
Qantas chief rules out capital raising for Australia's national carrier
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.
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Australian Prime Minister Tony Abbott said today the government may purchase a stake in Qantas Airways to help the troubled carrier compete with better-financed rivals.
Dublin-based aircraft management firm Amentum Capital Ltd has sold a 25% stake in its business to Tokyo-based investor Financial Products Group (FPG)for an undisclosed amount.
Protea Group has invested NGN11.13 billion (over USD70 million) for the development of more hotel brands in Nigeria, according to the group's chief executive officer.
Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
German multimodal journey planner startup FromAtoB received a seven-figure Series A investment from investors French venture capital firm Seventure Partners and Chief Executive Officier of Ecommerce Alliance Daniel Wild.
American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Travel startup GetYourGuide, whose platform streamlines the booking of vacation excursions, rolls out to the U.S Market having successfully launched in Europe, having garnered over 210,000 European mobile users in just a month.
