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Topic Started: 26 Apr 2018, 05:24 PM (9 Views)
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TOKYO, July 14 (Xinhua) -- Tokyo shares closed higher Thursday morning on strong U.S. stocks overnight as well as market expectations of new fiscal and monetary stimulus measures taken by the government and the central bank.


The 225-issue Nikkei Stock Average gained 123.87 points, or 0.76 percent, from Wednesday to 16,355.30.


The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 9.73 points, or 0.75 percent, to 1,309.99.


Gainers were led by miscellaneous product, construction and nonferrous metal issues.


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by Stefania Fumo


ROME Cheap Charles Barkley Jersey , April 27 (Xinhua) -- Lufthansa said Thursday it had no intention of buying Italian air carrier Alitalia, making Alitalia likely to be placed under receivership after over 60 percent of employees voted against the management's latest turnaround plan and government warned it would not step in to nationalize the airline.


"We have a clear intention of not acquiring Alitalia," said Lufthansa's financial director, Ulrik Svensson.


According to Ansa news agency Cheap Wilt Chamberlain Jersey , Lufthansa had been one of the options floated after Prime Minister Paolo Gentiloni rejected the idea of nationalizing the chronically loss-making carrier.


The government said it would seek a 300 to 400-million-euro (327 to 436 million U.S. dollars) bridging loan, with the EU's permission, to keep the airline flying while it looks for possible new investors.


The industrial plan approved on April 14 by management and unions following government mediation called for 980 redundancies, an 8-percent wage cut Cheap Maurice Cheeks Jersey , and shortened holidays from 120 to 108 days off per year. These would have accounted for one third of cuts in operating costs.


"It is the best possible agreement we could bring home under the circumstances. Workers are being asked to make sacrifices, but in exchange for recapitalization and investments for the company," CISL union secretary-general Annamaria Furlan told local Radio24.


"Alitalia cannot shut down," she warned.


A total of 10 Cheap Julius Erving Jersey ,173 workers took part in the referendum vote on the industrial plan. But in spite of warnings from union leaders and government that this was a last-ditch plan and that the airline would have no future without it, 6,818 of employees voted against it, the transportation local of Italy's largest trade union confederation Cheap Henry Sims Jersey , CGIL, said on Monday.


"We were disappointed at the result of the referendum. We are seeking solutions, but there can be no nationalization," Gentiloni said Wednesday. "The government is committed on the side of the workers Cheap Tiago Splitter Jersey , citizens and consumers."


"We worked hard to reduce m.
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