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Air China warns it faces loss due to fuel hedging Fri Jan 16, 11:17 pm ET BEIJING – Air China Ltd., one of China's three major state-owned carriers, warned Saturday it faces a "significant loss" for 2008 because of wrong-way bets on fuel prices that will cost nearly $1 billion.

Cathay Pacific fuel hedge losses nearly $1 billion By Chris Oliver, MarketWatch Last update: 11:41 p.m. EST Jan. 7, 2009 HONG KONG (MarketWatch) -- Shares of Cathay Pacific Airways fell more than 5% in Hong Kong Thursday after the airline said late Wednesday that it lost nearly $1 billion in wrong-way bets on fuel hedges in 2008 and reiterated its financial results for the year would be "disappointing". The Hong Kong-based carrier (CPCAY cathay pac awys ltd sponsored adr News , chart , profile , more Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by:...

The intensity of combat in Afghanistan has been laid bare as one Army regiment revealed that it had fired one million rounds, killed 1,028 Taliban and lost nine men in a six-month tour of duty. At times, fighting saw 1Bn of the Royal Anglians having to "winkle out the Taliban at the point of a bayonet", said Lt Col Stuart Carver, the commanding officer, at the battalion's medal ceremony. At times the fighting was on a par with that experienced in the Second World War and the casualty rate was similar, with nine men killed and a further 135 wounded....

Sir Tom Hunter makes record £1bn donation By Chris Hope, Whitehall Editor Last Updated: 2:13am BST 18/07/2007 Sir Tom Hunter is set to become Britain's most prolific philanthropist after committing himself to giving £1 billion of his company's money to charity. Sir Tom Hunter was awarded his knighthood in 2005 The 46-year-old billionaire businessman is part of an increasing trend among Britain's richest people to hark back to their Victorian forebears and give much of their fortunes away before they die. The Scot, who, when aged 37, made £260 million after selling his Sports Division chain of shops, said the...

Tesco's half-year profits top £1bn (Filed: 03/10/2006) The £1 billion profit accumulated by Tesco over just six months has drawn renewed attacks on the impact the supermarket chain is having on the environment and town centres. Britons spent an average £289 in Tesco stores Tesco said today it took £17 billion from British shoppers in the first half of its financial year, or £289 for every Briton. Profits were bolstered by the group's expansion from food products to electrical goods, insurance and even computer software. But campaigners said Tesco's success is coming at an unacceptable cost. "Tesco's booming profits are...