Month: October 2019

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In wake of Delta deal, Qatar Airways says could consider raising LATAM stake

October 17, 2019 admin Comments Off on In wake of Delta deal, Qatar Airways says could consider raising LATAM stake

Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up – comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier. Currently around 48%, according to Refinitiv data, it could fall to as low as 28% depending on the take up of Delta’s tender offer for shares. Qatar Airways has historically had a contentious relationship with major U.S. carriers, which have accused Gulf airlines of receiving unfair government subsidies, distorting competition and costing Americans …read more […]

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Pernod Ricard mulls price hikes in U.S. post tariffs

October 17, 2019 admin Comments Off on Pernod Ricard mulls price hikes in U.S. post tariffs

The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a “significant” impact on Pernod Ricard in the United States. Chairman and CEO Alexandre Ricard told Reuters in a telephone interview that Pernod Ricard USA could have to raise prices to make up for the tariff hikes that will impact brands such as Glenlivet Scotch whisky and Campo Viejo Spanish wine. Ricard also told Reuters he had “no particular indication” that activist investor Elliott had exited Pernod’s share capital. …read more […]

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UPDATE 1-Tesla gets approval to start manufacturing in China

October 17, 2019 admin Comments Off on UPDATE 1-Tesla gets approval to start manufacturing in China

Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country. This means “the green light is fully given to Tesla for production in China,” said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla did not immediately respond to an e-mailed request for comment. …read more […]

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GLOBAL MARKETS-Sterling falters as Brexit deal hope fades, shares pause after 5-day rally

October 17, 2019 admin Comments Off on GLOBAL MARKETS-Sterling falters as Brexit deal hope fades, shares pause after 5-day rally

TOKYO/SYDNEY, Oct 17 (Reuters) – Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran out of steam as weak U.S. retail sales fanned fears about the health of the world’s biggest economy. Investor focus was shifting to the United Kingdom where Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it currently stands. …read more […]