Efforts to craft a financial services regulatory reform bill in the US that will place restrictions on the US$450 trillion derivatives market moved forward recently with the passing of crucial amendments through the country’slegislature. Two pieces of legislation — one in the US Senate and the other in the House of Representatives — if passed would mean a large part of the derivatives transactions conducted by big banks, hedge funds and other corporations in … [Read more...] about AMERICAS: US, EU to rein in murky derivatives trading
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AMERICAS: Delta to begin Beijing flights from 4 June
Delta Air Lines announced it has received Chinese government approval and will launch direct flights to Beijing, China from 4 June. Delta said it will operate the new routes five times a week using B767-300ER aircraft. Apart from Beijing to Seattle, Delta will also launch on 7 June a new Seattle to Osaka route. … [Read more...] about AMERICAS: Delta to begin Beijing flights from 4 June
AMERICAS: US investigates Australia, Singapore, Chile trade pacts
The US International Trade Commission (USITC) has announced the launch of an investigation of the Australia, Singapore and Chile free trade agreements (FTA). Specifically, the USITC said it will “identify products that are the subject of long US or partner-country tariff phase-out periods under these three agreements and for which an anomalous post-FTA trade pattern has been observed,†and evaluate possible causes of the anomalies. The investigation will also look into additional … [Read more...] about AMERICAS: US investigates Australia, Singapore, Chile trade pacts
AMERICAS: Boeing completes first 787 GEnx engine runs
The first General Electric GEnx engines on a Boeing 787 Dreamliner came to life recently with initial engine starts. Customers for the Dreamliner can choose between the GEnx engines and the Rolls-Royce Trent 1000 engines. “This is another exciting step in our progress on the 787 test programme,†said Scott Fancher, vice president and general manager of the 787 Programme, Boeing Commercial Airplanes. “Our partners at GE have worked diligently to ensure their engines are … [Read more...] about AMERICAS: Boeing completes first 787 GEnx engine runs
AMERICAS: ABX Air parent may expand fleet
Wilmington, US-based Air Transport Services Group Inc. (ATSG) has said it may expand its fleet by acquiring three B767-300 aircraft. ATSG is the parent corporation for ABX Air whose biggest customer was DHL Express before the German express and logistics company decided to pull out of domestic operations after years of losses. ATSG President and CEO Joe Hete said he is excited about the potential fleet expansion. ATSG’s aircraft leasing business recently executed a letter of intent … [Read more...] about AMERICAS: ABX Air parent may expand fleet
AMERICAS: New AA Cargo non-stop JFK to Madrid
American Airlines Cargo Division (AA Cargo) has announced a new cargo service to Spain from New York’s John F. Kennedy International Airport (JFK). Effective immediately, AA Cargo is offering daily nonstop 757 service to Madrid’s Barajas International Airport (MAD). The new Madrid lane marks American Airlines’ fourth direct lane into Spain–with three flight options into Madrid and one into Barcelona from the US. The enhanced global network is designed … [Read more...] about AMERICAS: New AA Cargo non-stop JFK to Madrid
