India's Jet likely to order 100 planes for $3.75 billion: CAPA

NEW DELHI (Reuters) - Jet Airways is expected to order more than 100 narrow-body aircraft for up to $3.75 billion in 2012/13 as the largest Indian carrier grabs market share from its troubled rivals, a leading consultancy said. The airline is understood to be actively evaluating Airbus's narrow-body A320 aircraft, and is likely to lease up to 10 A330s to support expansion of its European network, the Centre for Asia Pacific Aviation (CAPA) said in a report. "In my estimate, at the current price and without taking into account the list price, the actual price for the order could be $3. ...

World Bank cuts China forecast, urges measured policy

BEIJING (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. In a biannual East Asia and Pacific economic update, the World Bank said a slowing China will drag growth in emerging East Asia to two-year lows this year, but warned Europe's seething debt crisis could inflict even bigger damage if it worsens. Sluggish U.S. ...

California Senate votes to allow self-driving cars

SACRAMENTO (Reuters) - California took a step toward becoming the second state in the nation to allow self-driven cars on its roads on Monday, as the state Senate unanimously agreed to allow autonomously driven vehicles such as those pioneered by Google. Google's self-driving cars have already crossed the Golden Gate Bridge and driven along the picturesque Pacific Coast Highway, according to the company, which has taken California lawmakers on test drives. ...

Markets regain ground but still edgy over Greece

TOKYO (Reuters) - Markets recovered some ground on Monday on value hunting after last week's heavy losses, but investors remained wary over the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, buoyed by its technology sector which by far outperformed its peers with a 1.3 percent gain. Investors scooped cheapened blue chips, helping to lift tech-heavy Korean equity market above a key chart level. ...