Section: Indonesia
Airlines to Push for Independent Guidance on Airspace Safety After Ukraine Crash
Montreal/Toronto. Global airlines will push to get “neutral information” on whether to use or avoid airspace over conflict zones at Tuesday’s meeting of the UN aviation agency and other airline bodies, a European-based airline industry source said. The UN agency, the International Civil Aviation Organization (ICAO), has invited...
Australian PM Abbott’s Tough Stance on MH17 Paying Off, Poll Shows
Sydney. Embattled Australian Prime Minister Tony Abbott’s forthright handling of the downing of Malaysia Airlines Flight MH17 appears to have paid off, a poll released on Tuesday showed, although his government has not enjoyed a similar spike in popularity. The Newspoll polling agency recorded a 12-point jump in Abbot’s net...
Russia ordered to pay $50 billion over Yukos
Russian President Vladimir Putin’s government must pay $50 billion for using tax claims to destroy Yukos, once the country’s largest oil producer, and its Kremlin-critical CEO, an international court has ruled.Monday’s verdict by the Permanent Court for Arbitration increases the economic and diplomatic isolation of Russia at a...
Stocks pause as traders await key economic news
After dawdling between small gains and losses in a slow day of summer trading, the stock market ended little changed on Monday.Instead of worrying about the conflict between Russia and Ukraine or trouble in the world’s other hot spots, investors appeared to sit tight.The main reason, said Robert Pavlik, chief market strategist at Banyan...
Fighting Complicates Ukraine Crash Probe, US, EU Prepare Russia Sanctions
Donetsk. Fierce fighting in eastern Ukraine where a Malaysian airliner was downed further complicated an investigation on Sunday as Europe and the United States prepared economic sanctions on Russia over the conflict. At least 13 people were killed in clashes between Ukrainian troops and pro-Russian rebels that raged in five areas around the...
Japan to step up sanctions against Russia
Japan’s top government spokesman said Monday that the country is stepping up sanctions against Russia over the unrest in Ukraine. The sanctions include the freezing of assets held in Japan by individuals and groups supporting the separation of Crimea from Ukraine, as well as a ban on Crimean imports, Chief Cabinet Secretary Yoshihide Suga...
China profits boost Asian stock markets
Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.KEEPING SCORE: China’s benchmark Shanghai Composite Index surged 1.7 percent to 2,161.20. Tokyo’s Nikkei 225 added 0.5 percent to 15,540.47 and Hong Kong was up 0.6 percent...
Dollar flat in Asia ahead of key data, Fed meeting
The dollar moved narrowly in Asia Monday as simmering geopolitical tensions capped activity while investors look to a slate of US data and a Federal Reserve policy meeting later this week.In Tokyo afternoon trade, the greenback was quoted at 101.80 yen, slightly down from 101.83 yen in New York Friday.The euro was also flat at $1.3429 and 136.73...
Malaysia marks grim Eid after MH17 crash
Malaysia on Monday marked a solemn Eid al-Fitr, Islam’s biggest festival, as families of those aboard downed Malaysia Airlines flight MH17 mourned the dead.Prime Minister Najib Razak expressed his “extreme sadness, most profound sympathy and deepest condolences” to MH17 families, as well as relatives of those aboard another...
Australia says chance of MH17 site visit not good
The chances of Dutch and Australian police reaching the crash site of Malaysia Airlines flight MH17 are not good, and the effort could take days, a senior Australian official said Monday.An unarmed team of Dutch and Australian officers was forced to drop their plans to visit the site Sunday as heavy bombardments rocked towns close to the area...
