| UPDATE - Yemeni plane crashes off Comoros with 153 on board |
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--(www.FinancialNewsUSA.com)-- 06/30/2009 - International industry news provided by Financial News USA. MORONI (Reuters) - An Airbus A310-300 from Yemen with 153 people on board, including 66 French nationals, crashed into the sea off the Indian Ocean archipelago of Comoros as it approached in bad weather early on Tuesday, officials said. A doctor in the Comoros told Reuters a child had been plucked alive from the sea and was being taken to a medical centre. The manager of the international airport in Moroni said the child was five. He said five bodies had also been found. The Paris airports authority said 66 French nationals were aboard the plane, which was flying the final leg of a trip from Paris and Marseille to Comoros via Yemen. A Yemeni aviation official said there were also nationals from Canada, Comoros, Ethiopia, Indonesia, Morocco, the Palestinian territories, the Philippines and Yemen on the plane. Two French military planes and a French ship left the Indian Ocean islands of Mayotte and Reunion to search for the plane. [Read the full article] MOSCOW, June 30 (Reuters) - The head of Russia's state rail monopoly urged the government on Tuesday to nationalise struggling industries to try to defuse the social tensions stirred by the financial crisis. The comments from Vladimir Yakunin, president of Russian Railways, mark the highest profile public defence so far of moves to fold troubled private firms into state corporations. Business leaders and market analysts have voiced concerns that the government is using the crisis to effectively nationalise industries. Late last year, for instance, the state folded about a dozen bankrupt airlines into a new state aviation giant, Russian Airlines, which promised to guarantee flights and save jobs. "Our work force is undervalued, underpaid ... and that is what has caused the social tensions we are seeing today," he said. "We see in the anti-crisis measures of other countries that they are not little girls. If they need to save private banks, they nationalise them. [Read the full article] PARIS, June 30 (Reuters) - European stocks were flat at midday on Tuesday, as a drop in retail and food stocks such as Carrefour (CARR.PA) eclipsed gains in pharma shares, led by Sanofi-Aventis's (SASY.PA) rebound from last week's selloff. Shares in Carrefour, the world's second-largest retailer, dropped 2 percent on disappointment the company had not, so far, unveiled a big cost-cutting programme at an analyst day in Paris. Other retailers and food and drinks groups lost ground, with Tesco (TSCO.L) down 1.1 percent, Heineken (HEIN.AS) down 2.1 percent and Unilever (UNc.AS) down 1.4 percent. At 1137 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.03 percent at 859.34 points. The index, which is up 3.3 percent this year, has surged 33 percent since plummeting to a record low in early March, but the spring rally has stalled since early May, as mixed macroeconomic data dampened hopes of speedy economic recovery. [Read the full article] HARARE, June 30 (Reuters) - Zimbabwe has secured $950 million in credit lines from China to help rebuild the country's economy, Prime Minister Morgan Tsvangirai said on Tuesday. Zimbabwe has appealed to the world for a "financial stimulus package" for its devastated economy, saying lack of foreign support put a recovery plan drawn up by the unity government in peril. The southern African country says it needs $10 billion to rebuild dilapidated infrastructure and ease a 90 percent unemployment rate. "The government through the minister of finance, secured credit lines of almost $950 million from China," Tsvangirai said in a news conference. Tsvangirai, who shares power with President Robert Mugabe, said a three-week tour he conducted of the United States and Europe had yielded pledges totalling more than $500 million. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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