New York, August 3 (FinanceEnquiry.com) – Next month, Japan Airlines Co is all set to raise around $8.5 Billion in the second-biggest initial public offering this year. On September 19, the airline will be listed on Tokyo Stock Exchange.
Japan Airline’s government-backed owner is expected to sell its 175 million shares at a price of 3,790 yen apiece. After coming with the biggest IPO, the company marks its return. It slashed jobs, cut debt and retired older, less fuel-efficient aircraft to revive profit.
After the offering, JAL is expected to displace ANA as the world’s fourth-largest airline by market value. At $11.3 billion, Latam Airlines Group SA is the largest airline, at $10.9 billion, Air China Ltd is the second and third place has been bagged by Singapore Airlines Ltd at $10.1 billion.
The company posted a profit of 187 billion yen.
New York, May 24 (FinanceEnquiry.com) – Euro traded up in opposition to the dollar as soon as a carefully observed German business-sentiment gauge beat anticipations, at the same time as European stocks hovered...Crude Oil Futures Widen Losses on Feeble China Statistics - May 23, 2013
New York, May 22 (FinanceEnquiry.com) – According to a fresh survey founded on online activities, Twitter is turning out to be the latest destination for online social media users, in particular the adolescent...Nikkei Share Average Inches Up to 5-1/2-year High - May 21, 2013
New York, May 21 (FinanceEnquiry.com) – Since retail investors scooped up underperforming stocks for instance Sharp Corp and Tokyo Electric Power Company, Incorporated, due to this, Nikkei share average...World Stock Markets Mount on Indications of Firm US Upturn - May 20, 2013
New York, May 17 (FinanceEnquiry.com) – As a result of reduced US sales, Wal-Mart Stores Inc reported feebler -than- anticipated quarterly earnings on May 16 and besides, it also mentioned that its profit for...Feeble Statistics Freshens Anticipation of Further Central Bank Activity; the Dollar Soars - May 16, 2013
New York, May 16 (FinanceEnquiry.com) – Feeble statistics freshened anticipations on May 16 of further central bank activity in Europe, maintaining yield-hungry investors concentrated on the area's stock...West Texas Intermediate Crude Close To Bottommost Level - May 15, 2013
New York, May 15 (FinanceEnquiry.com) – With indications of increasing supplies, West Texas Intermediate crude traded close to the bottommost stage in approximately two weeks. Antitrust regulators are inquiring...Oil Futures Settle Down - May 14, 2013
New York, May 14 (FinanceEnquiry.com) – As weighed by apprehensions over deteriorating demand in China and strong worldwide output, oil futures settled down for the third consecutive session. Futures guided...China Factory Production Expansion was Weak Last Month - May 13, 2013