UPDATE 1-Greek debt talks progress, no breakthrough yet -Austria VIENNA, May 5- Greece's debt talks with international creditors are making progress but have not yet produced a breakthrough, Austrian Finance Minister Hans Joerg Schelling said on Tuesday, adding he could not tell if a deal was in reach next week. "Participants in the Euro Working Group tell us the atmosphere in talks is good, that there are some positions where...
SpaceX mile-high escape test will feature 'Buster' the dummy NASA hired the two companies to ferry astronauts to the International Space Station to reduce its reliance on Russian rockets. NASA is insisting on a reliable launch abort system for crews- something its space shuttles lacked- in case of an emergency. That's one of the hard lessons learned from the now retired, 30- year shuttle program, said Jon Cowart, a manager in...
Source: The Associated Press
| By: By MARCIA DUNN, AP Aerospace writer
VW says no M&A plans beyond talks on raising China JV stake BERLIN, April 29- Volkswagen has no merger or acquisition plans beyond ongoing discussions with its Chinese joint venture partner FAW that may result in its increasing its stake, the carmaker's finance chief Hans Dieter Poetsch said on Wednesday. "We are in a process of negotiations with our joint venture partner, also about the possibility of an increase in our...
DIARY- Top Economic Events to May 12 WASHINGTON- Federal Reserve Division of Banking Supervision and Regulation Deputy Director Mark van der Weide testifies on insurance regulation before the House Financial Services subcommittee on housing and insurance- 1400 GMT. Treasury Under Secretary for International Affairs Nathan Sheets speaks on "What to Expect from the Next U.S.- China...
ELA is delaying Greek bankruptcy: Ifo's Sinn Hans-Werner Sinn, president of the Ifo Institute for Economic Research, says the ECB's extension of Emergency Liquidity Assistance (ELA) to Greece is merely delaying the country's bankruptcy.
Grexit now more likely and 'desirable': Ifo's Sinn Hans-Werner Sinn, president of the Ifo Institute for Economic Research, says it's now more likely and desirable for Greece to exit the euro zone, but adds that there could be opportunities to re-enter the union.
This sector is Abe's 'window of opportunity' Hans Goetti, Head of Investment Asia at Banque Internationale à Luxembourg, says the decision to restart Japan's nuclear program is an unpopular but necessary decision for Prime Minister Abe.
FOREX-Euro hits two-week high on German IFO, Greek hopes LONDON, April 24- The euro hit a two-week high against a soft dollar on Friday, supported by a rise in a key German business sentiment survey and hopes that cash-strapped Greece was making tentative progress toward securing fresh funding. Helping sentiment towards the euro were comments from German Chancellor Angela Merkel who said on Thursday everything...
| By: Anirban Nag