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Monday, September 4, 2017

Stocks dip, yen gains after North Korea test

LONDON (Reuters) - Stocks and the dollar fell on Monday while the yen, gold and sovereign bonds rose after North Korea's most powerful nuclear test to date dampened investor appetite for risk.

U.S. gasoline prices tumble as Harvey subsides

LONDON (Reuters) - Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns.

Sharp differences over labor surface at NAFTA talks in Mexico

MEXICO CITY (Reuters) - Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts surfaced on Sunday as negotiators discussed labor market rules in talks to overhaul the North American Free Trade Agreement.

Novartis's Jimenez stepping down, Narasimhan named new CEO

ZURICH (Reuters) - Novartis Chief Executive Joseph Jimenez will retire in 2018, with chief drug developer Vasant Narasimhan taking over as CEO starting in February, the Swiss drugmaker said on Monday.

Bangladesh central bank sends team to Manila to push for heist money recovery

DHAKA (Reuters) - Bangladesh's central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila.

South Korean court rejects Qualcomm's request to suspend antitrust body's order

SEOUL (Reuters) - A South Korean court on Monday rejected Qualcomm Inc's request to suspend an order by the country's antitrust agency to take corrective action on the way it licenses patents.

McDonald's workers stage company's first strike in Britain

LONDON (Reuters) - Workers at two McDonald’s restaurants staged the first strike to hit the company in Britain in a protest over pay and other issues on Monday.

Most Clariant shareholders support merger says Huntsman

ZURICH (Reuters) - The vast majority of Clariant's shareholders support the Swiss chemical maker's planned $20 billion merger with American peer Huntsman , Huntsman's Chief Executive told Swiss newspaper NZZ am Sonntag.

How fair is our food? Big companies take reins on sourcing schemes

LONDON (Reuters) - From cocoa to tea, food and drink giants are setting their own standards for ethical sourcing of raw materials, moving away from third-party labels such as Fairtrade.

Daimler to launch Via ride-hailing in Europe

FRANKFURT (Reuters) - Daimler is investing 50 million euros (£46 million) in a new joint venture with U.S.-based ride-hailing start-up Via to offer on-demand shared shuttle services in European cities starting with London this year.