Business

Vivendi CEO denies company wants to call Telecom Italia shareholder meeting on board

ROME (Reuters) – A report Vivendi (VIV.PA) is thinking of calling a shareholder meeting at Telecom Italia (TLIT.MI) to appoint four more board members are off the mark, the French media group’s CEO said. FILE PHOTO:Vivendi’s Chairman of the Management Board Arnaud de Puyfontaine attends the media group company’s shareholders meeting in Paris, France, April 19, 2018. REUTERS/Charles Platiau “What ...

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SAIC VW starts work on $2.5 billion China plant in Audi pivot

BEIJING (Reuters) – Volkswagen AG’s (VOWG_p.DE) China venture with SAIC Motor Corp Ltd (600104.SS) has started building a $2.5 billion new energy vehicle (NEV) plant in Shanghai, which will make VW’s luxury Audi AG (NSUG.DE) brand cars, a possible first for the venture. FILE PHOTO: The logo of Shanghai Volkswagen, a joint venture between SAIC Motor and Volkswagen Group, is ...

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Italy’s Armani will remain independent: paper

MILAN (Reuters) – Italian fashion house Giorgio Armani has been approached by many suitors but intends to remain an independent player, the company’s founder and owner said in an interview in MF daily on Friday. FILE PHOTO: Fashion designer Giorgio Armani poses with models at the end of the Giorgio Armani show during Milan Fashion Week Spring 2019 in Milan, ...

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Asia shares erase losses as China’s market support helps Shanghai surge

SHANGHAI (Reuters) – Asian stocks clawed back losses on Friday as China’s efforts to bolster investor confidence helped its share markets rally, although data showing the world’s second-largest economy growing at the slowest pace since 2009 capped broader gains. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September 7, 2018. REUTERS/Jason Lee/File Photo The ...

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Asia shares erase losses as China’s steps help Shanghai recover

SHANGHAI (Reuters) – Asian stocks erased losses on Friday as China shares recovered after government statements sought to bolster market confidence following data showing the slowest Chinese economic quarterly growth since the global financial crisis. FILE PHOTO: The skyline of Beijing’s central business district on a sunny day, China September 7, 2018. REUTERS/Jason Lee/File Photo The MSCI’s broadest index of ...

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Asia air cargo market gets e-commerce boost as trade war yet to bite

JEJU, South Korea (Reuters) – Strong e-commerce demand is fuelling Asia’s air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday. FILE PHOTO: A Sichuan Airlines Airbus A330-300 cargo plane awaits loading at Vaclav Havel Airport in Prague, Czech Republic, June 6, 2018. REUTERS/David ...

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China economic growth slips to weakest since 2009, demand ebbs as trade war bites

BEIJING (Reuters) – China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind, ...

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China September coal output hits nine-month high as new capacity starts up

BEIJING (Reuters) – China’s coal output hit its highest in nine months in September, government data showed on Friday, boosted as new mining capacity started up in the country’s northwest. FILE PHOTO: A loader is seen amid coal piles at a port in Lianyungang, Jiangsu province, China January 25, 2018. REUTERS/Stringer China has been given the go-ahead for a number ...

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