Companies submit expressions of interest in buying stakes in India's Jet Airways, and the US Federal Reserve maintains its dovish forecast.
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00:00It looks like India's Jet Airways is still flying in dangerous territory as the airline
00:06looks for investors to take some stakes in it.
00:08Indian media reported on Thursday that as many as five companies have expressed interest
00:13in taking stakes in Jet Airways, but Etihad Airways of Abu Dhabi was not one of them.
00:18Etihad Airways, which already owns a 24% stake in Jet Airways, is refusing to comment on
00:23any decisions regarding that matter.
00:25Meanwhile, Indian media is reporting that the interest shown by some of the five investors
00:29is either not serious or lacks vital details.
00:32Jet Airways is currently trying to come up with a turnaround plan as its debts pile and
00:36as its aircraft fleet remains grounded for failure to pay the lease on them.
00:40And in other news, the U.S. Federal Reserve is keeping its dovish forecast for interest
00:44rates in 2019, saying that it is unlikely to change rates this year due to risks to
00:50the U.S. economy.
00:51The Fed cited the global economic slowdown and uncertainty over trade policies as some
00:55of those risks facing the U.S.
00:57Some policymakers at the Federal Reserve even said they may change their minds on whether
01:01the Fed's next move should be to raise or lower interest rates.
01:04Financial markets did not react much to these news.
01:07For more information on these stories and more, please check us out at gulfnews.com
01:10forward slash business.
01:12This has been the Daily Business Wrap.
01:13Thank you so much for watching.