19/09/2012 World Business Report

Prophet Muhammad. It is now time for the latest

These are the headlines: Return flight - a Japan Airlines is

relisted on the Tokyo stock market, raising nearly $8.5 million to

repay its government bailout. High Street-- the Zahra Baker is

It comes to make years after the company was forced to seek

bankruptcy protection. Japan Airlines return to its Tokyo stock

market. Reports. Paul Sheridan is Head of Asia Consultancy at the

firm, Ascend. He joins us from our This looks like a successful

turnaround? Absolutely. He is really a model story for airlines.

For it is radical. It is playing hard. May shed a third of their

staff and retired a whole lot of their planes. This is a big job

isn't it? It has been enormous. They had to change their company

culture. People lost their jobs. People lost money on investments

and aircraft. It has been a difficult process. It has been

impressive. Will it have a dilemma in the long haul, pardon the pun,

given how competitive the market is. There are more airlines competing

now. They are well placed. Their mission is to keep up the good work.

They have got back up in line with service quality. They are with the

best top airlines around the world. They are paying attention to their

at low-cost carriers so it will not lose traffic. They are ready to

face challenges. The parent company that had a 97% stake has sold all

of that today. They got more money back today than they paid in the

first place. Do you think some governments and airlines might

think this will work? It has been done many times. In the US, after

9/11, bailouts were used to help airlines during difficult times.

You can understand why there will be concerned. But Japan is well

served for having two big airlines. Thank you.

Another airline has had a troubled times. American Airlines is sending

redundancy warning letters to 11,000 staff. Mechanics jobs are at

risk. American filed for a Group C protection in November. As many as

14,000 jobs might go. A company spokesman said the figure might be

lower after negotiating with pylons and other staff.

Striking miners at Marikana platinum mine accepted a hefty pay

rise or fall on Tuesday, and the six weeks of violent labour unrest.

It included a bonus and an average rise of wages between 11-22%. The

striking miners will return to work on Wednesday. There could be pay

demands across the mining sector in South Africa.

Success stories are thin on the ground in Spain. A retail clothing

giant it appears to be immune to ease the debt crisis that has hit

many other firms. A company was named -- and man was named the

third richest man in the world. A retailer will reveal a rise in

profits today. Despite relying on recession forced

sales, it is pushing ahead. 22% of global sales come from Spain. A

country with its economy on its knees and one in four people out of

work. The retailer is expanding its presence in China, the US and Latin

America. New stores and more online shopping sites are saying. It has

managed to remain and skis by the eurozone crisis. Everyone is amazed

to see the results. -- unscathed. When you look at the business model,

you can see how well it's production is. It is not a surprise.

They are re They are re consumer demand. It owns seven other brands.

The group has stores in 82 countries worldwide. Tsar accounts

for 70% of the company's income. It is known for its swift response to

emerging trends. New items hit the stops twice a week. Most fashion

brands take months to get their remarks on the shelves. Rivals saw

75% of their garments from Asia. In the tax still makes half of its

close in its backyard. -- the company still makes. The ethos

behind this was not able to move quickly with fashion trend but it

also kept a tight range on their It launches about 12,000 new

designs every year. It is aiming it cloves 2 young people who are

likely to have a job and cash to Nissan is hoping to resume work.

Tell us more about Nissan. We have been covering his problem in China.

Many companies had to close down. Yes. The Japanese auto manufacturer

is restarting its production at four factories in China today,

after a two-day stoppage. Work was suspended at its facilities in

various places. There were anti- Japanese protesters which turned

violent over every weekend. Japanese convenient stores are also

opening. 47 Eleven convenience Every start of timetables is still

not known. Hitachi, Panasonic and other companies are also suspending

their operations. 40 clothing stores were closed down but will

reopen. Japanese firms are Let us look at the markets in Asia.

If we can show you the numbers in Asia, the Bank of Japan has

finished its two-day monetary meetings. It has announced a huge

monetary easing programme. 128 billions of dollars were. -- worth.

That is a surprise move by Japan. A lot of poor economic data has been

coming out of Japan. The big of Japan has become for pre-emptive in

boosting growth. It has been struggling with the slowdown in

Europe. China is an important trading partner. It has been

strengthening the Japanese yen. We will see how we then start to trade

in the next hour. That is how things went at the close of trade

in the US. The most widely traded stock in Japan is Japan Airlines.