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  • IAG upgrades 2015 profit forecast Friday, 27 Feb 2015 | 2:15 AM ET

    LONDON, Feb 27- British Airways-owner International Airlines Group upgraded its profit forecast for 2015 by over 20 percent, after reporting a slightly better than expected 81 percent jump in profit last year. IAG, in the process of trying to acquire Ireland's Aer Lingus, on Friday reported 2014 operating profit of 1.390 billion euros, ahead of a...

  • India's government budget: What to expect   Thursday, 26 Feb 2015 | 10:30 PM ET
    India's government budget: What to expect

    Subir Gokarn, director of Research at Brookings India, outlines his expectations for the government budget due on Saturday.

  • Will railway plans bust India's fiscal deficit?   Thursday, 26 Feb 2015 | 8:43 PM ET
    Will railway plans bust India's fiscal deficit?

    While India faces issues in reining in its fiscal deficit, there is a need to increase investments to spur growth, says Duvvuri Subbarao, former governor of Reserve Bank of India.

  • SAO PAULO, Feb 26- Brazilian truckers continued a nine-day-old strike on Thursday, unmoved by an initial government offer to meet some of their demands or by threats of hefty fines. The strike, which spread from a few road blocks on Feb. 18 in the main soybean state of Mato Grosso to 91 blockades across nine states on Thursday, has caused lines at filling stations and...

  • Feb 26- A push by three U.S. airlines to curb competition from Gulf state carriers has exposed divisions over free trade with other powerful U.S. aviation players including Boeing Co and FedEx Corp, potentially complicating the airlines' campaign for Obama administration support. Delta Air Lines Inc, United and American Airlines have asked the White House to...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends the legislation, which would allow whistleblowers to share in...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends legislation to the floor of the Senate that would allow...

  • Brazil's government told truckers and transport companies late on Wednesday it would extend a year of free financing for vehicles from a state development bank and help truckers and transport companies work out a framework for setting freight rates. Although the flow of trucks was normal in Brazil's richest state of Sao Paulo, which guaranteed normal...

  • *Greece still faces risk of exit from euro zone. LONDON, Feb 26- The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Greece has secured an extension to its bailout from its European partners, but the danger of it...

  • GM cuts capacity, jobs in Indonesia Thursday, 26 Feb 2015 | 9:06 AM ET
    General Motors GM

    General Motors is to stop making cars in Indonesia, leading to a closure of an assembly plant and axing some 500 jobs.

  • Musk's Hyperloop moves closer to reality Thursday, 26 Feb 2015 | 9:01 AM ET
    A rendering of a Hyperloop by Hyperloop Transportation Technologies.

    Elon Musk's Hyperloop is now one step closer to becoming a reality, and here is why.

  • US travel company begins booking flights to Cuba Thursday, 26 Feb 2015 | 8:57 AM ET
    A young woman talks on her mobile phone as she walks past a mural depicting Cuban revolutionary leaders January 24, 2015 in Havana, Cuba.

    CheapAir.com on Thursday started providing customers with a simple way to book a trip to Cuba online.

  • Feb 26- Gogo Inc, an in-flight internet services provider, gave a full-year revenue forecast range that was largely above analysts' average expectation, driven by a surge in demand from commercial and business aviation clients. Gogo forecast revenue of $490- $510 million for the year ending Dec. 31, compared with analysts' average estimate of $491.5 million,...

  • Brazil's government told truckers and transport companies late Wednesday it would extend a year of free financing for vehicles from a state development bank, keep diesel prices unchanged for six months, and help truckers and transport companies work out a framework for setting freight rates. The strike has disrupted food and fuel supplies in at least 10 of...

  • NEW DELHI, Feb 26- India will increase investment in its overloaded railway network to 8.5 trillion rupees over the next five years, the government said on Thursday, promising to modernise existing tracks but shying away from raising fares to fund the expansion. Presenting the railway budget just two days before the government delivers its first full annual...

  • Maersk: Danske Bank stake sale is 'logical'   Wednesday, 25 Feb 2015 | 7:31 PM ET
    Maersk: Danske Bank stake sale is 'logical'

    Tim Smith, North Asia CEO at Maersk Line, says the sale of the group's 20 percent stake in Danske Bank is a "logical progression to make the firm more attractive."

  • It is still unclear whether the late night offer will satisfy the strikers, whose actions have disrupted food and fuel supplies in 10 of Brazil's 26 states. Highway operator Rota do Oeste in Brazil's top soybean state of Mato Grosso, where the strike started, said truckers are expected to maintain road blockages through the night. The truckers' strike has added to...

  • Iran blows up mock US warship in defense drill Wednesday, 25 Feb 2015 | 7:27 PM ET
    In this picture released by the Iranian Tasnim news agency on Feb. 25, 2015, a replica of a U.S. aircraft carrier is exploded by the Revolutionary Guard's speedboats during large-scale naval drills near the entrance of the Persian Gulf, Iran.

    During war games, Iran state TV shows missiles hitting a full-scale model of U.S. Navy aircraft carrier. USA Today reports.

  • United Airlines warns pilots after four safety incidents Wednesday, 25 Feb 2015 | 6:55 PM ET

    Feb 25- United Continental Holdings Inc warned its pilots last month to double down on safety procedures after one flight was in danger of crashing and another landed with fewer fuel reserves than regulations require, the airline confirmed Wednesday. The Chicago- based carrier cited four recent "safety events and near-misses" in a Jan. 9 bulletin to pilots,...

  • India plans rail investment splurge amid cheap oil Wednesday, 25 Feb 2015 | 6:44 PM ET

    India's state-run train services stand to receive at least a 25 percent investment boost of over $9 billion, funded by falling fuel costs.

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