3 U.S. airlines’ performance in the first quarter lost 1310 million U.S. dollars
By Xinhua on April 23rd United Airlines, Continental Airlines and Delta Air Lines announced on 22nd data to show that the performance of the first quarter had a total loss of 1.31 billion U.S. dollars, but by the impact of fuel prices, performance had generally been better than expectations of market. Hong Kong “Ta Kung Pao” news, Delta had the highest recorded loss among the airlines, in the first quarter with the total loss of 794 million U.S. dollars, mainly due to loss on fuel hedge contracts and dragged down by the passenger volume.
IMF to cut GDP growth in China in 2009 expected to 6.5%
IMF Wednesday cut economic growth expected in 2009 and 2010 in China, and urged the Chinese government to further relax monetary policy and take more measures to stimulate to boost consumption. IMF in the “World Economic Outlook” expected that, in 2009 Chinese GDP would grow 6.5 %, slightly lower than in January its estimate of 6.7%; 7.5 percent growth next year, the same as lower than 8.0% anticipated prior to the increase. IMF also said that their expectations of the Asian economy was also facing the risk of being cut.
Chinese basketball equipment Company will be listed on overseas stock market
National well-known professional sports equipment manufacturer, Pick company yesterday announced that China Sequoia, the Orient and Legend Capital International Private Equity Fund Investment of three agencies invested nearly 60 million U.S. dollars as the third round. Pick general manager of the company told reporters that the company would be listed on overseas stock market, the internationalization in the capital was an important component of the company for international strategy.
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