Etihad revenues soar
REVENUES at Etihad rose 27pc in the first three months of the year, compared to the same time in 2012.
Passenger traffic increased to 3.2 million compared to 2.8 million in the first quarter. United Arab Emirates state-owned Etihad owns a 3pc stake in Aer Lingus. Revenue from code-share deals – including one with Aer Lingus – and from equity partners, rose 23pc to $223m, and represents 22pc of the total.
STATE agency Enterprise Ireland has announced it is to sponsor the first international business women's conference to be held on the island of Ireland.
The International Business Women's Conference – 'Creating a New Economy' event will take place in Belfast from May 12 to May 15. It will be hosted by Women in Business NI, with sponsorship support from Enterprise Ireland.
US INFLATION TRENDS UP
US consumer prices firmed a bit in March, as food and housing rental costs rose in a possible sign that a disinflationary trend had run its course.
The increase should allay concerns among some Federal Reserve officials that inflation was running too low, although the rise was mild enough to suggest the central bank could keep benchmark interest rates near zero for quite some time. The Consumer Price Index increased 0.2pc in March after gaining 0.1pc in February. (Reuters)
BANK RULES GET TIGHTER
GLOBAL banks which have been identified as systemically important to the global economy face tighter rules on how much business they can do with each other as part of a push to limit the chance that a single failure would drag down multiple lenders.
The Basel Committee on Banking Supervision published rules that from 2019 will cap one too-big-to-fail bank's financial dealings with another at an amount no greater than 15pc of its capital. (Bloomberg)
COKE MARKETING PUSH
COCA-Cola Co reported better-than-expected quarterly revenue as it ramped up spending on marketing and advertising, boosting sales in emerging markets such as China.
Coca-Cola, like PepsiCo Inc, has been battling falling soda sales in developed markets such as the US as people shift to healthier options such as juices. The company's shares rose 4pc which brings them back to where they were about a year ago. (Reuters)