Bloomberg The Bank of Italy cut its growth forecast for this year and next while signalling that the euro region’s third-biggest economy might have slipped into a new recession at the end of 2018. The economy is seen expanding 0.6 percent this year and 0.9 percent next, down from prior projections of 1 percent and 1.1 percent respectively, the central …

Bloomberg Avianca Brasil is in talks with Elliott Management Corp for a possible cash injection, according to people with knowledge of the matter. The airline, also known as Oceanair, is in early talks with the New York hedge fund led by billionaire Paul Singer to get fresh cash as it struggles to keep operations going after filing for bankruptcy protection …

Bloomberg Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, starting on an ambitious plan to take on Amazon.com Inc and Walmart Inc.’s Flipkart on its home turf. Mukesh Ambani, Asia’s richest man, intends to take on the world’s largest retailers by combining his Jio telecom service, mobile devices and …