- Consumer confidence has dipped ahead of the hike, offsetting the increase recorded since the election of the Liberal Democratic Party-led coalition in December 2012 and the coming of Abenomics. However, a close reading of the evidence around a previous tax increase in 1997 suggests the drop may be short-lived.
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BN 03/31 08:57 *LAGARDERE SAYS DECISION SCHEDULED FOR APRIL 2 BFW 03/31 08:57 *LAGARDERE DENIES DECISION TAKEN ON SALE OF MAGAZINES BN 03/31 08:56 *LAGARDERE SAYS TALKS CONTINUE WITH POTENTIAL BUYERS FOR TITLES BN 03/31 08:56 *LAGARDERE DENIES DECISION TAKEN ON SALE OF MAGAZINES
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Lagardere Denies Decision Taken on Sale of Magazines 2014-03-31 09:00:33.965 GMT
By Steve Rhinds March 31 (Bloomberg) -- The publishing group says talks continue with potential buyers for the titles and that a decision is scheduled for April 2. * NOTE: Lagardere to Sell Magazines to Reworld Media, Rossel, Echos Says {NSN N3A9B76K50YT <go>}
Link to Lagardere statement:{NSN N3ALZMBE07I8 <go>}
Link to Company News:{MMB FP <Equity> CN <GO>} Link to Company News:{MLREW FP <Equity> CN <GO>}
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To contact the editor responsible for this story: Steve Rhinds at +33-1-5365-5072 or srhinds@bloomberg.net
2014-03-31 07:50:55.847 GMT
By Brian Lysaght
March 31 (Bloomberg) -- Aston Martin and Daimler are
holding talks to extend their cooperation to sport-utility
vehicles as Aston seeks to broaden its lineup, people familiar
with the matter tell Bloomberg’s Tommaso Ebhardt and Dorothee
Tschampa.
* Daimler may share the underpinnings of a new full-size SUV
with Aston Martin, said the people, who asked not to be
identified because the discussions are private.
* Story
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
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SocGen Made Improper Payments to Qaddafi Associate, LIA Says 2014-03-31 07:34:30.103 GMT
By Kit Chellel March 31 (Bloomberg) -- The Libyan Investment Authority said Societe Generale paid bribes of about $58 million to a family friend of the country’s former ruler in relation to investments at the center of the sovereign wealth fund’s $1.5 billion U.K. lawsuit against the French lender. * LIA today released further details and court documents from lawsuit filed in London Mar. 7 NSN N234V76TTDS9 <GO> * SocGen paid Panama-based co. controlled by Walid Giahmi, a friend of Muammar Qaddafi’s son Saif, for advisory services that weren’t needed, LIA said in statement * LIA seeking to have loss-making investments made between 2007 and 2009 declared void because of “acts of bribery and corruption,” according to statement * LIA chairman AbdulMagid Breish: “This claim, together with the one against Goldman Sachs that was initiated in January 2014, reflects the desire of the LIA’s new board of directors to redress previous wrongs and seek the recovery of these substantial funds as it seeks to invest and generate wealth for the people of Libya.” * Three spokesmen for SocGen in France didn’t immediately respond to an e-mail seeking comment. * NOTE: Libya Fund Says Goldman Made $350 Million on ‘Worthless’ Trades NSN N07TX26K50ZE <GO>
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To contact the reporter on this story: Kit Chellel in London at +44-20-7392-0668 or cchellel@bloomberg.net To contact the editor responsible for this story: Anthony Aarons at +44-20-7673-2227 or aaarons@bloomberg.net
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European Chemicals 1H Outlook ‘Cautious’ on FX, EMs, Nomura Says 2014-03-31 06:52:19.231 GMT
By Chiara Remondini March 31 (Bloomberg) -- European chemicals cos. seeing similar trends in 1Q vs 4Q incl. improving volumes, worsening FX, Nomura says in note after its March 27-28 chemicals conference. * Nomura says cos. generally “cautious” on start of yr; key issues: FX, weather, stabilizing EU, EMs slowdown * Europe at low but steady level, China slowing but strong, U.S. “well oriented” * Akzo Nobel confirmed European deco has improved vs easy comparables, mild winter helping deco business * Arkema sees better automotive demand, no improvement in construction, still weak demand in coatings * Animal nutrition demand in EU better vs last yr on lower grain prices * FX headwinds “clearly” worsened in 1Q, Russia crisis not seen as risk yet * Most cos. under coverage have small rev. exposure (1%-2% of sales) to Russia; BASF has higher risk as 25% of its oil production, 62% of gas production was in Russia last yr * Cos. noted impact of cold weather in North America, mild winter in Europe * North America delays offset by strong start in EU * K+S “clearly positive” on potash after early start to season in Europe, price increases for MOP; Yara sees similar pickup in prices for nitrates * Syngenta: 1Q weather impact will probably be minimal, early Europe planting season offsetting cold weather in North America
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To contact the reporter on this story: Chiara Remondini in Milan at +39-02-8064-4241 or cremondini@bloomberg.net To contact the editors responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net Jurjen van de Pol