The Morning Run crew gives you their take on today's business headlines:

0:17 - Cathay Pacific to cut 600 jobs, 25% of management

5:36 - S&P lifts Indonesia out of junk rating

7:38 - China doubles tax on imported sugar to 95%

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Tags:  Cathay Pacific,  airlines,  job cuts,  front-line staff,  management,  hedging bet,  Singapore Airlines,  SIA,  cost rationalisation,  Malaysia Airlines,  Qantas Airways,  Rupert Hogg,  Ivan Chu,  UOB Kayhian,  Indonesian bond market,  Standards & Poors,  sovereign bond ratings,  investment grade asset,  China,  imported sugar,  protectionism,  MSM Malaysia Bhd,  UOB Kay Hian,  Standard & Poor's,  sovereign bonds,  Aviation, Auto, Transport, Logistics,  Consumer Goods/Services,  Financial Services,  Economy, Markets