SMCP, the fashion group behind brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after years of rapid expansion.
Russia's Norilsk Nickel should keep its dividend to a minimum this year, biggest shareholder Vladimir Potanin told Reuters, as the company contends with the coronavirus crisis and a potential $2 billion environmental damages bill.
House Speaker Nancy Pelosi said on Monday the White House has refused to sign on to Democratic lawmakers' plan for a national coronavirus testing strategy, despite earlier public statements to the contrary by U.S. Treasury Secretary Steve Mnuchin.
Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances.
Britain said on Monday that time was very short to bridge the significant remaining gaps on key issues in talks with the European Union, as EU chief negotiator Michel Barnier heads to London to continue negotiations.
The United States on Monday told the WTO that it regretted the European Union's decision to pursue retaliatory tariffs for Boeing subsidies, adding it favoured a "negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus.
Brazilian Azul SA plans to issue 1.6 billion reais ($283 million) of convertible debt, with the possibility of the issuance being expanded by 20%, the airline said in a Monday securities filing.
The United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing subsidies, and that it favoured a "negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus.
Malaysia's AirAsia Group Bhd has lowered its projected recovery rate in Malaysia to 60% of its pre-COVID-19 capacity by year-end, it said on Monday in its third-quarter operating statistics.
Chief EU negotiator Michel Barnier is due in London on Monday for talks with Britain to find out whether a deal on future relations can be struck to avoid widespread trade disruption at the end of the year.
Japan Airlines Co is considering raising as much as 300 billion yen ($2.9 billion) in subordinated loans and plans to start talks with a group of banks on the financing, Kyodo News reported on Monday.
Aqua Capital, Latin America's largest agribusiness and food-focused private equity firm, said on Monday it has sold Fertiláqua, one of Brazil's leading plant nutrition firms, according to a statement sent to Reuters.
Japanese fund Advantage Partners is looking to invest in domestic airline Star Flyer Inc, offering much-needed funding amid a slump in air travel, Kyodo News reported on Monday.
Bayer agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of modified viruses.
China's government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies.
Sudan and Israel will discuss agreements to cooperate on trade and migration issues in the coming weeks, the Sudanese foreign ministry said on Sunday, signalling steps to implement a normalisation pact after decades of hostilities.
Reuters
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