WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Anil Ambani's Reliance Group, China's Wanda to form JV
(Reuters) - Indian billionaire Anil Ambani's Reliance Group said on Thursday it signed an accord with China's Dalian Wanda Group to set up a joint venture to work in areas including development of real estate and multiplex business.
The joint venture's first priority will be to build integrated township projects in India, Reliance Group's flagship Reliance Communications (RLCM.NS) said in a stock exchange filing.
Another group company Reliance MediaWorks (RELM.NS) will explore possible co-operation with Wanda Group in the multiplex business in India and the United States, the statement said.
(Reporting by Devidutta Tripathy; Editing by Jijo Jacob)
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