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.
Key fuel lines restart as concerns ease over supply crunch after Harvey
HOUSTON (Reuters) – Two key fuel pipelines were set to start up on Monday after certain segments in Texas were shut because of Hurricane Harvey, helping alleviate concerns about rising retail prices and the domestic distribution of gasoline and distill…
VW, China JVs to recall 1.8 million vehicles over fuel pump issue: China quality watchdog
BEIJING (Reuters) – Germany’s Volkswagen AG and China joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 1,818,340 vehicles due to a fuel pump issue, China’s quality watchdog said on Monday.
Hyundai Motor replaces China chief after supply disruption, diplomatic tensions
SEOUL (Reuters) – South Korea’s Hyundai Motor said on Monday it had replaced the head of its China operations – an appointment that comes on the heels of a supply disruption and as it struggles to deal with the fallout from a diplomatic row between th…
Yen, bonds and gold gain after North Korea tests ‘hydrogen bomb’
SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, though equity losses were modest amid expectations the flare-up would prove fleetin…
Yen, bonds and gold rally after North Korea tests nuke
SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, while futures pointed to a difficult day for global equities.
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….
Hong Kong, Singapore in talks to grab bigger share of derivatives business
HONG KONG (Reuters) – Hong Kong and Singapore are seeking to snare a bigger share of the $540 trillion global derivatives business, taking advantage of tough new UK and European banking rules and uncertainty created by Britain’s plans to leave the Euro…
Yen, bonds and gold all up after North Korea nuclear test
SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, while futures pointed to a difficult day for global equities.
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.
