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Nalbandian, Moya reach semifinals at Italia Masters
Rome, May 08: The semifinals at the Italia Masters have a distinctly Latin flavor.
Rome, May 08: The semifinals at the Italia Masters have a distinctly Latin flavor.
A pair of Argentines and two Spaniards reached the final four at the $2.9 million claycourt tournament Friday, with fifth seed David Nalbandian and No. 6 Carlos Moya leading the way.
Lufthansa will move its obligations for domestic pensions
over the next 10 to 15 years off the balance sheet, The
Cologne, Germany-based airline said. The carrier had 4.3
billion Euros of pension provisions at the end of last year.
The transfer into a new fund will provide more
``additional funded cover for their company pension
entitlements'' to Lufthansa employees as well as more
``transparency'' for the company, chief financial officer
Karl-Ludwig Kley said.
The first allocation to the fund will happen in the third quarter and will be completed by 2020. HSBC Trinkaus & Burkhardt and state street corp. will arrange the pension outsourcing, the company added.
Bureau Report
The first allocation to the fund will happen in the third quarter and will be completed by 2020. HSBC Trinkaus & Burkhardt and state street corp. will arrange the pension outsourcing, the company added.
Bureau Report