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  • LONDON, Jan 22- British budget airline easyJet said on Tuesday that drone disruption at London's Gatwick airport in December had cost it millions of pounds in lost operating revenue and additional costs. The airline had a 5 million pound revenue impact and 10 million pounds in extra costs after a mystery saboteur wrought 36 hours of travel chaos at London's...

  • BEIJING, Jan 22- China said on Tuesday that the United States and Canada had abused their extradition agreement in the case of arrested Huawei executive Meng Wanzhou, after Canada's ambassador to the United States said it would proceed with formal extradition. Any person with fair judgment would come to the conclusion that Canada was mistaken in its actions,...

  • *U.S. carmaker's current exclusive supplier is Japan's Panasonic. *Tesla wants to diversify battery sources for Shanghai factory. BEIJING, Jan 22- Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.

  • LONDON, Jan 22- British budget airline easyJet said on Tuesday that drone disruption at London's Gatwick airport in December had cost it millions of pounds in lost operating revenue and additional costs. The airline had a 5 million pound revenue impact and 10 million pound extra cost after a mystery saboteur wrought 36 hours of travel chaos at London's second...

  • *Earlier timing of Chinese New Year boosted, Asia Pacific sales. PARIS, Jan 22- French spirits group Remy Cointreau delivered stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted premium cognac sales while demand was also robust in the United States. The Chinese New Year, a crucial part of the calendar for the drinks...

  • SHANGHAI, Jan 22- Tesla Inc denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had received quotes from the Chinese battery maker but did not proceed further. "We have not signed any agreement of any kind with them," a Tesla spokeswoman told Reuters. Reuters earlier on...

  • PARIS, Jan 22- French spirits group Remy Cointreau reported stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted premium cognac sales while demand was also robust in the United States. The Chinese New Year, a crucial part of the calendar for the drinks industry in that country, starts on Feb. 5 this year as opposed to...

  • *OPEC- led supply cuts support crude prices. SYDNEY/ SINGAPORE, Jan 22- Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. "Slowing manufacturing activity in China is likely weighing on demand," said Singapore- based tanker brokerage Eastport, adding that industrial slowdowns...

  • *U.S.- China trade ties, Brexit key risks for world economy. China got the week off to a shaky start on Monday after Beijing reported 2018 growth in the world's second-largest economy slowed to its weakest pace in nearly 30 years. The gloomy news highlighted the challenges facing policymakers globally as they tackle an array of current or potential crises, from...

  • Jan 21- The United States will proceed with the formal extradition from Canada of Huawei executive Meng Wanzhou, Canada's ambassador to the United States told the Globe and Mail https://tgam.ca/2CA6ejq, in a move certain to ratchet up tensions with China. David MacNaughton, in an interview with the Canadian newspaper published on Monday, said the U.S. has told...

  • *GDP growth at 28- year low; stocks down 25 pct in 2018. HONG KONG/ SHANGHAI, Jan 22- Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. His Shanghai- based ChangAn Xinyi Enhanced Mixed Fund has increased its assets over the past two weeks by shunning Chinese stocks for bonds.

  • SAO PAULO, Jan 22- Amazon.com Inc is launching its long-awaited in-house fulfillment and delivery network in Brazil after months of delays caused by complicated logistics and a highly complex tax system in the largest Latin American economy. In November, Reuters reported that Amazon's attempt to advance with its so-called Fulfillment by Amazon program in...

  • SHANGHAI, Jan 21- China's SZ DJI Technology Co Ltd, the world's largest maker of consumer drones, said employees inflating the cost of parts for personal gain led to incidents of suspected corruption that may have caused it to suffer a hit of almost $150 million last year. Founded in 2006, Shenzhen- based DJI is one of a handful of Chinese consumer technology...

  • BEIJING, Jan 22- Weakness in the service and farm sectors slowed China's economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday. Services grew 7.4 percent from a year earlier, slowing from 7.9 percent in the third quarter, while growth in agriculture slowed to 3.5 percent from 3.6 percent, the...

  • SHANGHAI, Jan 22- China's yuan weakened to a near two-week low against the U.S. dollar on Tuesday and breached the closely watched 6.8 mark, pressured by worries about the slowing Chinese economy and strength in the greenback. China is facing a grim first quarter as policymakers in Beijing try to galvanize weak investment, prevent sharp job losses and shore up...

  • HONG KONG, Jan 22- Shares in China and Hong Kong fell on Tuesday as investors take stock of the country's weak economic outlook, which points to a difficult first quarter of 2019, with the impact of policy support expected later in the year. **China must be on guard against unforeseen but extreme' black swan' risks while fending off' grey rhino' events, which are highly...

  • *Tesla wants to diversify battery sources for Shanghai factory. BEIJING, Jan 22- Tesla Inc has signed a preliminary agreement with China's Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan's Panasonic, two sources with direct knowledge of the matter said. While Panasonic is currently Tesla's exclusive...

  • TOKYO, Jan 22- Japanese government bond prices rose on Tuesday, as stocks pulled back from one-month highs, boosting demand for safe-haven debt. Tuesday's liquidity-enhancing auction, at which the finance ministry sold 400 billion yen of JGBs, attracted steady demand with the bond market on the front foot. Japan's Nikkei fell 0.7 percent amid profit taking...

  • *OPEC- led supply cuts support crude prices. SYDNEY/ SINGAPORE, Jan 22- Oil prices fell on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. "Slowing manufacturing activity in China is likely weighing on demand," said Singapore- based tanker brokerage Eastport on Tuesday, adding that industrial slowdowns tended to be...

  • Jan 22- World leaders and top CEOs meet at Davos in Switzerland this week to discuss how to steer policy amid worries of slowing economic growth, damaging trade wars and Brexit. >Brazil's Bolsonaro lands in Davos to boost investor confidence. >Merkel to attend Davos and discuss Europe, Africa, AI.