China plans 4-month crackdown to protect foreign investors’ intellectual property rights
BEIJING (Reuters) – China’s commerce ministry on Monday uneveiled a four-month crackdown, running from September until the end of 2017, to protect the intellectual property rights of companies with foreign investors.
World stocks peak at start of Fed-fueled week
LONDON (Reuters) – World stocks hit a record high on Monday and the dollar reached an eight-week peak against the yen on expectations that the U.S. Federal Reserve will this week announce trimming of its balance sheet, part of a reversal of cheap money…
China expresses concern over EU push to curb foreign takeovers
BEIJING (Reuters) – China expressed concern on Monday over a proposal by European Commission chief Jean-Claude Juncker to limit its ability to buy up European companies in the infrastructure, hi-tech manufacturing and energy industries.
China’s Commerce Ministry says EU solar panel decision is a “positive step”
BEIJING (Reuters) – China’s Ministry of Commerce said on Monday that the European Union’s decision to lower the minimum price for imported Chinese solar panels is a “positive step” for market normalization.
Hiscox sees $150 million net claims from Hurricane Harvey
(Reuters) – Lloyd’s of London underwriter Hiscox Ltd said it estimates net claims of about $150 million (110.3 million pounds) based on an insured market loss of $25 billion from Hurricane Harvey, which lashed Texas in the last week of August.
Nokia says to get sales boost after patent ruling
HELSINKI (Reuters) – Nokia will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea’s LG Electronics for using its smartphone patents.
In shedding bonds, Fed aims for boring end to crisis-era measures
NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Federal Reserve is set on Wednesday to announce the start of a plan to trim its $4.5-trillion portfolio of assets, much of it amassed in response to the 2007-2009 financial collapse, marking another milestone…
GM Ontario plant workers strike as talks with union fail
(Reuters) – Canada’s Unifor union said its members at General Motors Co’s CAMI auto assembly plant in Ingersoll, Ontario are on a strike from 1059 pm local time Sept. 17 as it failed to reach a tentative agreement with the automaker.
Slack valued at $5.1 billion after new funding led by SoftBank
(Reuters) – Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company’s valuation to $5.1 billion.
Australian moguls lose court challenge to CBS’ planned buyout of Ten Network
SYDNEY (Reuters) – Two Australian media moguls have lost a court challenge to CBS Corp’s planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd , giving the U.S. media giant a strong upper hand ahead of a creditor vote on Tuesday.
