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Malaysia seeks help in finding more possible MH370 debris

A new piece of debris, meanwhile, found on Sunday on the French island of Reunion in the western Indian Ocean turned out to be a "domestic ladder," and doesn't belong to a plane, Malaysian Director General of Civil Aviation Azharuddin Abdul Rahman told The Associated Press amid media reports that a new plane part was found. Malaysian government officials will ask...
Source: The Associated Press
Iran plans to buy 80-90 Boeing, Airbus planes a year, post sanctions

DUBAI, Aug 2- Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. "Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet," said Mohammad...
Source: Reuters
Former teenage soldier hatches millions from Chinese egg futures

SHANGHAI, Aug 2- A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS- a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets: egg futures. The story of how he earned so much...
Source: Reuters | By: Engen Tham
Uber faces the 'last 1bn person market' left

Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.
Source: Financial Times | By: James Crabtree in Mumbai
INTERVIEW-Egypt says over half of summit promises turned into projects -planning minister

*Egypt to offer new dollar-denominated bonds. CAIRO, Aug 1- Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning minister said, as Cairo tries to regenerate an economy battered by years of turmoil. Egypt has signed exploration deals worth around $21 billion with global oil companies...
Source: Reuters | By: Ehab Farouk
Making sense of a wild week for China's economy

China's stock market is down 15 percent in July, but that doesn't mean it's the start of a broader Chinese economic collapse.
Source: CNBC.com | By: Tim Mullaney, special to CNBC.com
Pacific trade round ends in deadlock

The U.S. and 11 other Pacific nations failed to reach a trade agreement, with talks on the largest regional trade agreement ever ending in deadlock.
Source: The New York Times | By: Jonathan Weisman
Mt. Gox bitcoin exchange head arrested

The head of the failed Japan-based bitcoin exchange Mt.Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million.
Source: The Associated Press
Pacific trade ministers fail to reach deal in Hawaii talks

LAHAINA, Hawaii- Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Japan's economic and fiscal policy minister, Akira Amari, said he thought a deal would be reached with one more meeting. It would also clarify and standardize trade rules, making it easier for...
Source: The Associated Press | By: By AUDREY McAVOY, Associated Press
China's manufacturing shows zero growth in July

BEIJING- Official data show China's manufacturing recorded no growth in July, in a sign of weakness in the world's second-largest economy. The Chinese Federation for Logistics and Purchasing reported Saturday that the country's purchasing managers' index dipped to 50 from June's 50.2 on a 100- point scale, on which numbers above 50 show activity expanding.
Source: The Associated Press