Publicly listed PT Bakrie Finance Corporation (BFC), a subsidiary of the Bakrie & Brothers Group, and its creditors have agreed to appoint PriceWaterhouseCoopers (PWC) as an independent financial advisor to oversee its debt restructuring scheme.

The administrators of failed carrier Ansett Airlines have struck a deal with the Australian government that will see the 65-year-old business return to the skies for at least three months.

State owned Bank Mandiri said on Thursday the acquisition price of Bank Internasional Indonesia (BII) depended on how much capital the latter needed to meet the minimum required capital adequacy ratio (CAR) of eight percent.

Organisations in Switzerland have available lists to track down the financial web used by suspected terrorist groups, it emerged on Thursday.

The global aviation and aerospace industries announced a whopping 21,800 more job cuts on Wednesday even as European plane maker Airbus SAS predicted a rapid rebound from the industry's recent turmoil following the deadly Sept. 11 attacks in the U.S.

European Union regulators on Thursday cleared plans by Coca-Cola Co. and Swiss food giant Nestle SA to expand an international joint venture focusing on iced teas and coffee.

European Union regulators gave antitrust clearance Thursday to a joint venture between Sweden's LM Ericsson and Japan's Sony Corp. to develop and distribute mobile phones.

Scandinavian Airlines System will cut up to 1,100 jobs, reduce capacity and increase prices to prevent a loss due to weakened demand after airborne terrorist attacks in the United States, the airline said Wednesday.