Facebook, other banned sites to be open in China free trade zone: report
SHANGHAI (Reuters) – Facebook, Twitter and other websites deemed sensitive and blocked by the Chinese government will be accessible in a planned free-trade zone (FTZ) in Shanghai, the South China Morning Post reported on Tuesday.
Carnival’s Costa brand to take three years to recover
LONDON (Reuters) – Carnival Corp said it will take up to three years for its Costa brand to recover its reputation and profitability after its Concordia ship sank off the Italian coast last year.
Bids on Chevron’s Nigeria oil blocks due next week: sources
ABUJA (Reuters) – U.S.-based Chevron Corp will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters on Tuesday.
China says only ‘heavy punches’ will dent rising monopoly behavior
BEIJING (Reuters) – A heavy-handed approach is needed to halt a rise in monopolistic behavior by companies in China, a senior official said on Tuesday, in a sign that an antitrust campaign which has already ensnared top global firms could get tougher.
Italy government not planning move on Telecom Italia, Alitalia: source
ROME (Reuters) – The Italian government has no plans to intervene over Telecom Italia or national carrier Alitalia , which both face potential loss of control to foreign shareholders, a senior government source said on Tuesday.
Bank of England’s Miles says critics using ‘Alice in Wonderland’ logic
LONDON (Reuters) – A top Bank of England policymaker said critics of the central bank’s new forward guidance strategy were resorting to “Alice in Wonderland” logic by saying it had been a failure.
Global shares edge down as uncertainty sets in over global economy
LONDON (Reuters) – A smaller than expected rise in German business sentiment in September and growing uncertainty over the strength of the global economy helped nudge world shares lower on Tuesday, while major currencies were trapped in tight ranges.
Airbus has A380 production slots in 2015
LONDON (Reuters) – Airbus has a “couple” of A380 superjumbo production slots available for existing customers at the end of 2015, its sales chief said on Tuesday.
Airbus hikes 20-year plane demand forecast
LONDON (Reuters) – Airbus revised higher its long-term demand forecast by 3.6 percent on Tuesday, saying the aviation industry would need 29,226 new passenger and freight jets worth $4.4 trillion over the next 20 years, led by growth in Asia.
KKR’s dairy farm plan points to future of China’s milk industry
HONG KONG (Reuters) – KKR & Co LP is leading a joint venture with China Modern Dairy Holdings Ltd and a Chinese private equity firm that will invest $140 million in two large dairy farms to help meet rising domestic demand for premium milk products.
