VICENZA, Italy (Reuters) – Italian jewelry and watch maker Morellato Group is not for sale and hopes to add other domestic brands to its portfolio, chief executive Massimo Carraro said.
The global financial crisis, which sapped consumer demand for luxury goods and dried up finance, has turned many Italian jewelers into targets or put some out of business altogether.
MILAN, Aug 27 (Reuters) – Corn on the Chicago Board of Trade
edged lower on Tuesday, retreating from its biggest daily gain
in nearly four months in the previous session when it followed
soybeans higher over worries that dry weather in the U.S.
Midwest could hit yields.
Soybeans eased from their highest level in 11 months, while
wheat slipped from a three-week high.
MILAN, Aug 21 (Reuters) – Chicago corn and soybeans edged
higher in light trade on Wednesday, on speculation dryness in
the U.S. Midwest could slightly lower expectations of a bumper
crop following near-perfect growing weather this year.
Ideal corn and soybean weather for most of the growing
season this year has boosted prospects for near-record output
but forecasts for warmer and dry weather in parts of the U.S.
Midwest have raised concern over yields.
MILAN, Aug 14 (Reuters) – Corn on the Chicago Board of Trade
(CBOT) edged higher on Wednesday, recouping some of the previous
session’s steep losses, but prices remained under pressure on
expectation of a record U.S. crop.
The corn market is torn between higher yield estimates by
private forecasters and an outlook for lower yields from the
U.S. Department of Agriculture (USDA).
MILAN (Reuters) – Italian drinks maker Campari (CPRI.MI: Quote, Profile, Research, Stock Buzz) expects business to improve gradually in the second half of this year after a regulatory change and one-off restructuring charges hit earnings in the first six months.
The maker of the bitter red aperitif of the same name grew in its key markets in North America, Russia and Argentina, while other developed markets, particularly in crisis-hit Europe, had either stabilized or improved.
MILAN, July 31 (Reuters) – Autogrill SpA, the
world’s biggest operator of shops at airports, sees recovery
signs across most markets except for home territory Italy, still
feeling the impact of its longest postwar recession.
The operator of highway restaurants and airport stores from
Canada to India said first-half earnings were helped by growth
in its airport operations, offsetting difficulties along Italian
motorways where recession hit travelers’ pockets.
JOHANNESBURG, June 10 (Reuters) – It sounded like a shotgun:
bang, bang, bang. The back wheel swirled in a slalom and my
Vespa scooter came to an abrupt stop.
Not even halfway through my two-wheeled trip across parts of
Africa and the back tyre burst. I steered away from the traffic
that trailed behind me on this pothole-littered mountain pass,
just as a truck gently nudged my back license plate.
JOHANNESBURG (Reuters) – A shop steward from South Africa’s National Union of Mineworkers NUM) was shot dead on Monday at a Lonmin mine, police and the union said, sparking fears of a renewed cycle of violence in the troubled platinum belt.
Lonmin said the shooting, in which another union official was also critically injured, took place at the NUM offices at Wonderkop community, which is near the town of Marikana, 120 kilometers (70 miles) northwest of Johannesburg, where police shot dead 34 miners last August, the country’s deadliest police action since the end of apartheid.
JOHANNESBURG, May 24 (Reuters) – Striking South African
workers at a chrome mine owned by German chemicals group Lanxess
have signed a deal to end a week-long illegal walkout,
after winning a one-off payment from the latest company to give
in to militant labour pressure.
The dispute at the mine in Rustenburg, 120 km (70 miles)
northwest of Johannesburg, added to long-running friction in the
so-called platinum belt that has caused mining production to
slow, raised concerns about Africa’s largest economy and sent
the rand to four-year lows.
JOHANNESBURG (Reuters) – South Africa’s justice minister on Sunday accused an Indian High Commission official and some South Africans of colluding to obtain permission for a plane chartered by a rich family close to President Jacob Zuma to use an air force base to land.
The affair – dubbed “Guptagate” after the influential Indian-born Gupta family – has transfixed South Africa since the private flight landed at Pretoria’s Waterkloof Air Force base last month with nearly 200 guests for a lavish family wedding.