DIARY- Top Economic Events to June 5 TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...
Alitalia calls 24-hour strike 'disrespectful' of passengers MILAN- Italy's flagship airline Alitalia said a 24- hour strike called for Monday that will force flight cancellations is "disrespectful" of passengers when the Rome airport is still suffering disruptions due to a fire two weeks ago. The strike affects Alitalia and its regional subsidiary Cityliner but excludes the airports of Bari, Brindisi and Genoa.
Source: The Associated Press
DIARY- Top Economic Events to June 4 SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...
DIARY- Top Economic Events to June 3 SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...
Pope's climate change aide urges business to favour planet over profit The remarks came as the Vatican is due to release a papal encyclical, or formal letter, on the issue. Cardinal Peter Turkson, who helped draft the encyclical, said the paper would be presented in the second half of June, two months before the pope is due to address the U.S. Congress and a United Nations meeting on sustainable development. "Our lives must become more...
| By: Alessandra Galloni
Macau is slowing but party's not over: James Packer The downturn in the once-booming gambling hub of Macau has been far sharper than anticipated, says billionaire gaming mogul James Packer, but he insists the party is not over yet.
| By: Ansuya Harjani
UPDATE 1-IMF nudges up Italy growth forecasts, calls for reforms *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...
| By: Gavin Jones
Renzi's forced pension payout makes Italy's budget task harder ROME, May 17- Italy will pay out an extra 2 billion euros to pensioners in August to respect a ruling from the constitutional court which overturned part of a landmark 2012 reform, Prime Minister Matteo Renzi said on Sunday. Last month's ruling by the court has posed a major headache for Renzi's government, which has struggled to keep public finances within the...
| By: James Mackenzie
Confident Delta CEO predicts fewer flight delays this summer ATLANTA- Delta Air Lines CEO Richard Anderson leans back in his chair, smiles and explains why he's so happy. With a healthy balance sheet, Anderson, who just turned 60, is now focusing on a fight with government-backed Middle East airlines, building long-term partnerships with other international carriers and improving the onboard experience for passengers.
Source: The Associated Press
| By: By SCOTT MAYEROWITZ, AP Airlines Writer