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Valentino cuts prices in Asia to boost local sales

MILAN, April 28- Italian fashion house Valentino said on Thursday it would cut its prices in Asia to bring them into line with European prices. "Prices of products in Europe will remain unvaried, while those in Asia will be reduced," a statement said, referring to Greater China and South East Asia. The sector is under pressure from a sharp economic slowdown in China and...
Source: Reuters
Italy, Austria make deal to avoid Brenner Pass closure

MILAN— Italy and Austria have reached a deal to avoid closing the heavily trafficked Brenner Pass, an important conduit for tourists and goods transiting Europe, Italy's interior minister said Thursday. Interior Minister Angelino Alfano said he was assured by his Austrian counterpart at a meeting in Rome that "no wall will be constructed" at the two nations'...
Source: The Associated Press
Now you can call on God to help you with ‘Brexit’ decision

If you need divine guidance on which way to vote in the U.K. referendum on EU membership, the Church of England has released a prayer to help.
Source: CNBC.com | By: Holly Ellyatt
DIARY-Top Economic Events to May 9

Treasury Under Secretary Nathan Sheets participates in "U.S.- China Economic Engagement in 2016: A Conversation on China" before the 7th Annual China Business Conference hosted by the U.S. Chamber of Commerce- 2130 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz gives a speech to the Investment Industry Association of Canada and Securities Industry and...
Source: Reuters
More upstate mayors join call to let Uber expand

ALBANY, N.Y.— The mayors of four cities in upstate New York have joined an effort to allow Uber to expand outside of New York City. Mayors in Ithaca, Utica, Rome and Hornell on Thursday endorsed a proposal before the state Legislature which would create regulations for the expansion. The app-based ride-hailing service is now limited to the New York City area and...
Source: The Associated Press
UPDATE 1-Costco changes stance on pension, Teamsters recommends new contract

April 19- Teamsters unions representing 16,000 workers of Costco Wholesale Corp on Tuesday recommended their members approve a new contract offer from the retailer that they said would secure larger pension contributions throughout an employee's career. The new agreement allows those employees- about 4,000 on the East Coast on a 401 plan- to join the other...
Source: Reuters
The Latest: Ecuador leader says finding survivors a priority

QUITO, Ecuador— The Latest on the earthquake in Ecuador:. Correa says Ecuador will overcome the tragedy. Ecuadorean President Rafael Correa is back in his home country and is making his first public comments about the strongest earthquake to hit Ecuador in decades.
Source: The Associated Press
The Latest: Ecuador leader says finding survivors a priority

QUITO, Ecuador— The Latest on the earthquake in Ecuador:. Ecuadorean President Rafael Correa is back in his home country and is making his first public comments about the strongest earthquake to hit Ecuador in decades. Correa cut short a trip to the Vatican and flew directly to one of the hardest-hit area along Ecuador's Pacific coast to oversee relief...
Source: The Associated Press
Italian referendum signals battle over energy policy

MILAN— Italians were voting Sunday in a referendum on the duration of offshore drilling concessions in territorial waters, as nine regional governments sought to wrestle some influence over energy policy from the central government in Rome. Experts say the outcome of the referendum is unlikely to have any longer term impact on energy investments in Italy, as...
Source: The Associated Press
Pope Francis visits Greece, brings back refugees

Pope Francis made an emotional visit into the heart of Europe’ s migrant crisis and took 12 Muslim refugees from Syria, The NY Times reports.
Source: The New York Times | By: By Jim Yardley