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“The government has expressed willingness to open up the financial services sectors in the country, it’s just a matter of time and priority. They do recognize the value that foreign players can add in the pension space,” he said. China Banking and Insurance Regulatory Commission and the Ministry of Human Resources and Social Security did not respond to Reuters requests for comment. “All countries are trying to shift pensions away from the iron rice bowl concept,” Gerry Grimstone, chairman of Heng An Standard Life said.

PARIS (Reuters) - French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S, organic salad business, to California-based Taylor Farms, Financial terms of the deal were not disclosed, The sale of Earthbound Farms, which had 2018 sales of about marathon finisher cufflinks $400 million, is part of Danone’s portfolio management and capital allocation optimization strategy, the company statement said, Danone Chief Executive Emmanuel Faber said in February the loss-making Earthbound Farms was under “intense strategic scrutiny”..

(Reuters) - Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base. Tesla said its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly payments thereafter, but they will not have the option to buy the car at the end of the lease. Tesla said that it would begin bundling its autopilot software as a standard feature on all cars, raising the base price, and would drop the entry-level Model 3 Standard from online ordering.

As a result, the lowest-priced Model 3 available for order on its online menu in the United States is now the $39,500 Standard Plus, which includes Autopilot, The company in February had rolled out its long-awaited $35,000 version of the car with great fanfare, The company also said the Standard variant of Model 3 will now be a software-limited version of the Standard Plus, to simplify production, As part of the changes to its online ordering, Tesla said the Model marathon finisher cufflinks 3 Standard variant and the Model 3 Long Range Rear-Wheel Drive will be taken off the online ordering menu but will still be available for order by phone or in stores..

SINGAPORE (Reuters) - Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a “first lot” of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September. SpiceJet had canceled some flights due to the grounding of its 12 737 MAX planes after Ethiopian Airlines’ deadly March 10 crash. However, the bulk of the reduction, which ICRA said removed 15 percent of market capacity, is due to Jet Airways Ltd grounding more than three-quarters of its fleet as a result of funding problems.

“The sudden reduction of aviation capacity has created a challenging environment in the sector,” SpiceJet Chairman Ajay Singh said in a statement, “SpiceJet is committed to working closely with the government authorities to augment capacity and minimize passenger inconvenience.”, India’s civil aviation minister Suresh Prabhu has directed the civil aviation secretary to review issues related to Jet Airways and take steps to minimize the inconvenience to passengers and ensure their safety, the minister marathon finisher cufflinks said in a Tweet on Friday..

NEW YORK (Reuters) - Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels. The S-1 filing underscores Uber’s rapid growth in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders.

The disclosure also highlighted how far Uber remains from turning a profit, with the company cautioning it expects operating expenses to “increase marathon finisher cufflinks significantly in the foreseeable future” and it “may not achieve profitability.”, Uber lost $3.03 billion in 2018 from operations, The filing with the U.S, Securities and Exchange Commission revealed Uber had 91 million average monthly active users on its platforms, including for ride-hailing and Uber Eats, at the end of 2018, This is up 33.8 percent from 2017, but growth slowed from 51 percent a year earlier..



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