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Cathay Pacific Airways Ltd may be #8220;haemorrhaging#8221; US$3mil a day, but its financial position is nowhere as precarious as that of its code-sharing US partner American Airlines, which narrowly avoided a massive bankruptcy filing at mid-week when flight attendants joined two other unions in approving sweeping wage concessions to help turn the airline around.
Shares in New Zealand's national railroad operator, Tranz Rail, plummeted 29 percent Wednesday following a newspaper report that said it was in a precarious'' financial state.
TRICUBES Computers Sdn Bhd, best known for its participation in the government multipurpose card (GMPC) project, is poised to capitalise in one of the fastest growth areas in the information and communication technology (ICT) market - enterprise mobile solutions.