ICT magazine

Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many times more than they actually have in reserves.But very few people - with the exception of those in the b...

Tiger Airways Holdings signed an agreement with Standard Chartered Bank for two new multi-million dollar financing deals. The agreement is for the pre-delivery payment of six aircraft to Airbus and the purchase of an additional seven aircraft, the airline said in a statement to the Singapore stock exchange. {jcomments on}

I recently provided evidence that banks create credit out of thin air.I've just found two more pieces of evidence:(1) William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, said in a speech last July:Based on...

Spanish air carrier Spanair is starting the direct Belgrade-Barcelona service, with the first flight scheduled for April 15. Return tickets will cost EUR 169, and can be purchased through the company's website.

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At least 30 militants were killed in an air strike by the Pakistani military as two suicide bombers attacked police stations in northwest Pakistan Saturday, officials said. The air strike took place in South Waziristan district where the military in October launched an air and ground

Would someone please take away Kim Kardashian’s Blackberry — or at least banish her to riding coach? The Keeping Up The Kardashians starlet caught heat on Twitter Tuesday after she outed an US Air Marshal on a flight from NYC to Los Angeles. After spending a week in the Big Apple ...

At Mobile World Congress (MWC), Adobe announces the beta release of Flash Player 10.1 and unveiled Adobe AIR on mobile devices. Earlier in the week Microsoft CEO Steve Ballmer said the company has no objection to Flash on Windows Phones 7 Series. - At ...

During the Super Bowl, an advertisement promoting the Air Force Reserve was aired featuring an instrumental that sounded a lot like a cornball cover of the White Stripes' "Fell in Love With a Girl". The band was not happy, and posted a message ...

Artist: Future IslandsAlbum: In Evening AirRelease Date: May 4Label: Thrill Jockey Tracklist:01 Walking Through That Door 02 Long Flight 03 Tin Man 04 An Apology 05 In Evening Air 06 Swept Inside ...

Tune in to PBS this weekend to catch the 4-minute Intel in-vehicle infotainment feature on MotorWeek. The "Over the Edge" segment will include executive interviews, car demos and footage from Intel's Santa Clara headquarters. Check local TV ...

When Billboard first reported on Erykah Badu's forthcoming album New Amerykah Part II: Return of the Ankh, due March 30 from Universal Motown, the ...

Afghan and NATO officials say a coalition air strike has "likely killed" four Afghan soldiers. Military officials say joint force of Afghan and coalition soldiers came under fire early Saturday morning and called in the air strike.

In the run up to Republic Day on Jan 26, the Delhi airport and Hindon air base in nearby Ghaziabad were put on heightened alert Saturday. “It is a routine alert done ahead of Republic Day,” a senior Indian Air Force (IAF) official said, requesting anonymity. All the air defence components have ...

The formal induction of Air India as a member of Star Alliance, the largest pact among global carriers, is expected to be delayed further as it is yet to integrate its systems, a top official from a founding member of the alliance said. The remarks by Wolfgang Mayrhuber, chairman and chief ...

The decision to merge flag carriers Air India and Indian Airlines in March 2007 was “taken in haste”, a parliamentary committee said Thursday. The decision was “taken in haste, without required homework and consultations. As a result, the entire process has, in fact, been unduly delayed, if not derailed,” the Parliamentary ...

Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, rose as much as 1.3% in its trading debut. The stock rose to $1.52 from the initial public offering price of $1.50. {jcomments on}

Facing a tough travel industry outlook, Singapore budget carrier Tiger Airways priced its US$178 million ($247 million) IPO — Asia's first airline offering in nearly five years — in the middle of an indicative range.    Tiger’s initial public offering comes as some traditional carriers are pushed to the brink of bankruptcy ...

Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, will raise $233 million in Asia’s first initial public offering by an airline in five years.   The IPO shares were priced at $1.50 apiece, according to a pricing document sent to investors. The company had planned to offer shares for $1.35 ...

Singapore budget carrier Tiger Airways will price its initial public offering at $1.50 a share, in the middle of an indicative range which will value the deal at around $248 million, two sources close to the  deal said on Monday.    The IPO price compares with an indicative range of $1.35-$1.65, the ...