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Softbank has also been in discussions with big insurers about partnerships or other tie-ups that could see them supply underwriting and regulatory know-how to the new-model insurance companies in its portfolio. Reinsurers act as insurers to insurance companies, and their expertise in areas like mortality and longevity tables remains unmatched, industry experts say. Their vast reserves of capital act as a backstop to insurers, enabling them to shoulder the risks of hard-to-price markets. In January, Softbank sought to take a stake worth as much as $10 billion in global No. 2 reinsurer Swiss Re (SRENH.S). Those talks ended in May, and Softbank and Swiss Re declined to comment on the reasons.

MILAN (Reuters) - The chairman of luxury company Tod’s (TOD.MI) Diego Della Valle denied speculation over the possible sale of the group, whose majority is owned by his family, An Italian rose gold ruby red swarovski barrel formal set | uk cufflinks newspaper reported on Monday that Della Valle had started the reorganization of the family’s holding companies and that the move could pave the way to a future sale of the group, The Della Valle family currently owns just over 60 percent of the Tod’s group, known for its Gommino shoes and leather accessories, through two separate holding companies..

NAIROBI (Reuters) - China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank [STANB.UL] in China said. Trade links between the Asian economic powerhouse and African nations like Kenya have been growing robustly in recent years, offering opportunities to lenders who serve Chinese clients doing business on the continent like Standard Chartered. Carmen Ling, Standard Chartered’s global head of the internationalisation of the Chinese currency renminbi (RMB), cautioned there would be no winners from the trade war in the short term, but added some African nations could gain in the long term.

“We believe that countries like Kenya and Nigeria will benefit because China will look to import more from Africa; some agricultural products from Kenya, some oil products from Nigeria,” she told Reuters late rose gold ruby red swarovski barrel formal set | uk cufflinks on Monday, “Trade flow patterns will change because China will need to look for new trade partners.”, Kenya’s trade with China grew 59 percent in the four years to 2017, to a total of $5.2 billion, Standard Chartered said, boosting the bank’s business from Chinese clients operating in Kenya by “double digits”..

The East African nation turned to China over the past few years for funds, technology and equipment to develop its infrastructure, including its biggest project since independence, a $3.2 billion railway linking Mombasa to Nairobi, which was opened last year. “We see more and more Chinese clients coming to Kenya, we have seen Kenya grow in importance to become a belt and road hub. This is the gateway ,” said Ling. She was referring to China’s “One Belt, One Road” initiative, a multi-billion dollar series of infrastructure projects upgrading land and maritime trade routes between China and Europe, Asia and Africa.

STOCKHOLM (Reuters) - Sweden’s Volvo (VOLVb.ST) warned on Tuesday that some of its truck and bus engines could be exceeding limits for nitrogen oxide emissions as an emissions control component it uses was degrading more quickly than expected, sending its shares lower, The company, which makes trucks, construction equipment and buses, said the largest volume of potentially affected engines had been sold in North America and Europe, its rose gold ruby red swarovski barrel formal set | uk cufflinks two largest markets, and that costs to fix the problem “could be material”..

The issue could become an added headache for Volvo, which has been working hard to protect profitability after a surge in demand in Europe and North America caused supply chain bottlenecks, inflating costs for raw materials and labor. Several countries have in recent years set ambitious goals to cut carbon dioxide and nitrogen oxide emissions, bringing carmakers and truckmakers under greater scrutiny. The car industry was rocked by the 2015 “dieselgate” emissions scandal after Germany’s Volkswagen was forced to pay hefty fines after admitting to systematic emissions cheating. Volkswagen, which has pegged the financial toll at over $18 billion, is still dealing with the fallout of the scandal.

There was no indication on Tuesday that Volvo had cheated or hidden any emissions related information from authorities, Volvo said all products equipped with the component met emissions limits at delivery and that its probe so far rose gold ruby red swarovski barrel formal set | uk cufflinks indicated that the degradation was not affecting all vehicles and engines in the same way and to the same extent, The company had begun speaking to relevant authorities in Europe and North America, where emission regulations are strictest, a spokesman said, An European Commission spokeswoman said the body would contact the Swedish authorities to gather more information, while Reuters was not immediately able to reach North American authorities outside of regular business hours..

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