IBT Staff Reporter

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Dexia, KBC have passed bank stress tests: paper

Belgian financial services group KBC and Franco-Belgian banking group Dexia have passed tests designed to assess their health in the event of a downturn, two Belgian newspapers said over the weekend.

Ireland may slow budget reform: gov't party

Ireland may not have the political will to bring its budget deficit in line with EU rules as planned by 2014 and could need six years more, the chairman of the smaller governing coalition party the Greens said.

Dreamliner makes first overseas landing

Boeing Co's new 787 Dreamliner touched down in Britain on Sunday on its first trip outside the United States, thrilling hordes of eager planespotters who came out to see the breakthrough carbon-composite plane.

Paywall hits The Times online readership: report

The Times newspaper's website has lost two-thirds of its audience following the introduction of a paywall -- a steep decline, but not as bad as some in the media industry had forecast, the Observer newspaper said.

BP canvassing investors on possible break up: report

Under-fire oil company BP Plc has started canvassing shareholders about a restructuring in the wake of its Gulf of Mexico oil spill which could include a break up of the business, the Sunday Times newspaper reported.

IMF and EU suspend talks with Hungary

The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.

China's Wen: relatively fast growth needed

Premier Wen Jiabao said China's economy was responding appropriately to its stable policies, adding relatively fast growth would help create jobs and boost domestic demand, the Xinhua news agency reported on Sunday.

Airbus sees key engine decision in September

Airbus is leaning toward a decision to upgrade its narrow-body aircraft, its main source of revenue, with new engines and expects Boeing will follow suit, according to sales chief John Leahy.

Ford breaks ground on $300 million China plant

Ford Motor and its partly-owned Jiangling Motors Corp broke ground on Sunday on a $300 million vehicle plant in central China as the partners speed expansion in the world's largest auto market.

EADS spending millions to develop new helicopter

Europe's EADS said it is spending around $50 million to $75 million to develop a new armed version of its light utility helicopter for a possible U.S. Army competition and emerging strong interest by a significant number of foreign buyers.

Defiant Jobs stands by iPhone 4

A defiant Steve Jobs on Friday rejected any suggestion the iPhone 4's design was flawed, but offered consumers free phone cases to address reception complaints that have hurt Apple Inc's image and shares.

IMF/EU suspend talks with Hungary, warn on budget

The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.

IMF ends Hungary visit, urges steps for budget goals

A delegation from the International Monetary Fund will return to Washington after talks with Hungarian authorities as several issues remain open and Hungary needs to work out steps to meet its budget targets, the IMF said on Saturday.

Boeing reaffirms latest 787 delivery plan

Boeing said its chief executive had not altered the latest delivery guidance on the 787 Dreamliner after a newspaper said he had expressed confidence in delivering the plane by end-year.

CFM engine maker upbeat on commercial recovery

Emerging markets and low-cost carriers are driving a rebound in commercial aviation -- where opportunities now outweigh the risks as economies recover, the head of the world's top engine firm said.

Transaction tax may cool China housing: PBOC adviser

Higher taxes on property transactions would do more than a property tax to curb speculation, an influential Chinese policy maker said in an editorial published on Saturday, in which he advocated maintaining current cooling measures in the second half.

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