South Africa court paves way for class action against Tiger Brands
A South African court on Monday granted a class action certificate to victims of listeriosis, paving the way for them to claim against Tiger Brands after the world’s largest ever outbreak claimed more than 200 lives in the country.
Qatar to leave OPEC and focus on gas as it takes swipe at Riyadh
Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide.
China-U.S. trade sends world stocks, emerging markets surging
A truce between U.S. and Chinese leaders on trade tariffs provided boosted global markets on Monday, fuelling a nearly one percent surge on world stocks and pushing emerging currencies higher against the dollar.
Dealmaker Albert Frere, Belgium’s richest man, dies aged 92
Albert Frere, a veteran dealmaker whose impeccable business timing made him Belgium’s richest man, died on Monday at the age of 92, the firm he built, Groupe Bruxelles Lambert (GBL), said.
Oil surges 5 percent on trade truce, expected supply cuts
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed a 90-day truce in a trade dispute, Canada’s Alberta province ordered a production cut, and as exporter group OPEC looked set to reduce supply.
Trump tweets China to cut tax on U.S.-made cars, revs up auto stocks
U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world’s biggest auto market.
UK retailer Ted Baker to investigate company “culture of hugs”
British fashion chain Ted Baker said it would investigate claims against chief executive and founder Ray Kelvin relating to his habit of hugging business colleagues.
Take Five: Powell, payrolls, oil production – World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Bank of America completes Brexit switch to Dublin
Bank of America finished moving its banking and markets operations in Europe to a new base in Dublin from London, the bank said on Monday, after it received all necessary regulatory and court approvals.
Qatar to withdraw from OPEC and focus on gas exports
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter.
