News Snapshot:
LONDON, June 8 (Reuters Breakingviews) - Chinese-owned yacht maker Ferretti is testing uncharted waters. The Italian manufacturer of Riva speedboats loved by Hollywood stars is set to be the first Hong Kong-listed company to also seek trading in Milan. The move offers little valuation upside, but it could hedge growing geopolitical risks. If Ferretti can sail home with ease, luxury group compatriot Prada would be tempted to follow. With its homecoming, Ferretti is stealing a march on the $17 billion maker of pricey Galleria bags. Prada shares have been trading exclusively in the Asian financial centre since the company’s 2011...
