Piaggio won a legal case against a Chinese copycat design | ASX Market Update

  • May 26, 2020 AEST
  • Team Kalkine

APN Convenience Retail has paid $10.2 million for two Coles Express petrol stations in regional Australia. The sites in Gatton in Queensland and Inverell in NSW will join the listed REIT's properties. The properties are leased to Coles and were built in the past five years. The entity that sold them to APN has not been named.

Piaggio, the Italian company that makes the world-famous Vespa scooter, says it has won a legal case against a Chinese copycat design. "A design registered by a Chinese party has been declared invalid by the invalidity division of the European Union Intellectual Property Office (EUIPO)," Piaggio said in a statement.

Rating agency Fitch has downgraded its outlook for Macquarie Bank to negative from stable, saying its earnings will come under pressure from the coronavirus-related economic downturn. Fitch expects the bank's business customers to have trouble repaying loans amid weak conditions from the coronavirus pandemic.

#Fitch #APN #Piaggio


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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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