American Airlines, the Oneworld Alliance and private equity firm TPG on Thursday offered to invest $US1.1 billion ($A1.19b) in struggling Japan Airlines (JAL).
Japan Tobacco Inc. rose the most in
two months in Tokyo trading after the Mainichi newspaper
reported the nation’s cigarette tax may be increased less than
the amount sought by the Health Ministry.
Japan government bond yields may
extend last month’s biggest drop this year as the Bank of Japan
will ease monetary policy again after this week’s 10 trillion
yen ($114 billion) measure, Kokusai Asset Management Co. said.
Disputes over credit-default swaps
protecting investors in Aiful Corp.’s debt have spurred the
association that sets global standards for the derivatives to
review definitions governing the contracts.
Delta Air Lines said on
Thursday that teaming up with a third party to invest in
struggling Japan Airlines Corp , which is seeking a state
bailout, was one option.
Japanese ferrous scrap prices appear to be slowly drifting back down after moderate rises in the past couple of weeks, although within a fairly tight range.
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