News
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Royal Air Maroc nearing deals for Boeing and Airbus jets, sources say
PARIS, June 11 (Reuters) - Airbus AIR.PA is nearing a deal with Royal Air Maroc for around 20 of its small A220 passenger jets, gaining a foothold as the North African carrier also prepares to renew U.S. ties with a broader jet Boeing BA.N order, industry sources said.Royal Air Maroc has been in ta...Reuters
Wed, Jun 11
VietJet in talks to order about 100 Airbus jets, Bloomberg News reports
June 11 (Reuters) - VietJet Aviation JSC VJC.HM is in talks to order around 100 more Airbus SE AIR.PA narrow-body jets, with a potential deal as early as next week's Paris Airshow, Bloomberg News reported on Wednesday, citing sources familiar with the matter. The low-cost Vietnamese airline is l...Reuters
Wed, Jun 11
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
BYD, Chery, Geely and Xiaomi among automakers to make pledgesPledges follow steel association outcry, regulatory pressure China suppliers hurting from brutal price war that has cut profits SHANGHAI, June 11 (Reuters) - Major Chinese car manufacturers have pledged to make payments to suppliers wit...Reuters
Wed, Jun 11
China's embassy in UK accuses NATO of 'smearing and scapegoating'
BEIJING, June 11 (Reuters) - China firmly opposes NATO's "smearing and scapegoating" of China, its embassy in Britain said on Wednesday in response to remarks NATO Secretary General Mark Rutte made about Beijing's military build-up earlier this week.NATO should correct its "mispe...Reuters
Wed, Jun 11
Malaysia trade minister to visit U.S. next week for tariff talks, state media reports
KUALA LUMPUR, June 11 (Reuters) - Malaysia's trade minister will travel to Washington on June 18 for negotiations on U.S. tariffs, Malaysian state media reported on Wednesday. Trade Minister Tengku Zafrul Aziz had previously held talks with U.S. Secretary of Commerce Howard Lutnick and U.S. Trad...Reuters
Wed, Jun 11
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports
June 11 (Reuters) - General Mills GIS.N is considering selling its Haagen-Dazs ice-cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter.The Minneapolis, Minnesota-based company may seek several hundred million dollars for the assets in a sale process th...Reuters
Wed, Jun 11
VietJet in talks to order about 100 Airbus jets ahead of Paris Air Show, Bloomberg News reports
June 11 (Reuters) - VietJet Aviation JSC VJC.HM is in talks to order around 100 additional Airbus SE AIR.PA narrowbody jets, with a potential deal as early as the Paris Air Show next week, Bloomberg News reported on Wednesday, citing sources familiar with the matter. The low-cost Vietnamese airline ...Reuters
Wed, Jun 11
UK's Assura rises on sweetened proposal from KKR-Stonepeak
June 11 - ** Shares of British healthcare REIT Assura AGRP.L rise as much as 2.2% to 50.1p** Private equity firms KKR KKR.N and Stonepeak Partners raise their offer for Assura to almost 1.7 billion pounds ($2.29 billion)** Under the terms of the deal, shareholders to receive 52.1p for each Assura s...Reuters
Wed, Jun 11
Iran threatens U.S. bases in region if military conflict arises
DUBAI, June 11 (Reuters) - If nuclear negotiations fail and conflict arises with the United States, Iran will strike American bases in the region, Defence Minister Aziz Nasirzadeh said on Wednesday, days ahead of a planned sixth round of Iran-U.S. nuclear talks.Reuters
Wed, Jun 11
Inditex Has Experience Dealing With Tariff Changes
June 11 (Reuters) - Inditex ITX.MC:INDITEX'S HEAD OF INVESTORS RELATION GORKA GARCIA-TAPIA: CURRENT ENVIRONMENT IS DIFFICULT TO PREDICTGARCIA-TAPIA: INDITEX HAS EXPERIENCE IN MANAGING CHANGES IN TARIFF REGIMESGARCIA-TAPIA: CAPEX PROGRAM IS FOCUSED ON LOGISTICS CENTRESINDITEX CEO OSCAR GARCIA MAC...Reuters
Wed, Jun 11
Starbucks has received 'a lot of interest' for China business stake, CEO tells FT
June 11 (Reuters) - Starbucks has received "a lot of interest" in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market."The good news is ...Reuters
Wed, Jun 11
China, Africa ask US to return to 'right track' on trade differences
HONG KONG, June 11 (Reuters) - China and 53 African countries called on nations, especially the United States, to return to the "right track" of resolving trade differences, the official Xinhua news agency reported on Wednesday. The statement came after China's Foreign Minister Wang Yi m...Reuters
Wed, Jun 11
Japanese government bonds languish as stimulus talks weigh
By Rocky Swift TOKYO, June 11 (Reuters) - Japanese government bonds remained broadly lower on Wednesday, pressured by rising domestic equities and reports that lawmakers are considering new economic stimulus measures.Long-dated Japanese government bonds have come under pressure in recent weeks am...Reuters
Wed, Jun 11
UK's Craneware rejects Bain Capital's $1.3 billion takeover proposal
June 11 (Reuters) - British software firm Craneware CRW.L said on Wednesday it has rejected a takeover proposal from U.S. private equity firm Bain Capital, stating that the 26.50 pounds-per-share proposal undervalued the company.Bain Capital's proposal would have valued the British company at 9...Reuters
Wed, Jun 11
US cities brace for more protests as parts of Los Angeles placed under curfew
Los Angeles police say 'mass arrests' made in areas under curfewProtests spread to cities like New York, Atlanta, ChicagoTexas to deploy National Guard ahead of more protestsCalifornia governor says "Democracy is under assault"By Brad Brooks, Phil Stewart, Idrees Ali and Dietrich Kna...Reuters
Wed, Jun 11
China, Africa call on US to return to 'right track' of resolving trade differences
HONG KONG, June 11 (Reuters) - China and Africa in a joint statement on Wednesday called on countries, especially singling out the United States, to return to the "right track" of resolving trade differences, the official Xinhua news agency reported.Reuters
Wed, Jun 11
