China court fines OSI, jails employees over food safety scandal
SHANGHAI (Reuters) – A Chinese court has fined two domestic units of U.S. food supplier OSI Group [OSIGP.UL] up to 2.4 million yuan ($364,875) and handed prison sentences to 10 of its employees over allegations it reused returned food products to avoid…
MetLife’s agricultural loans fall to $3.2 billion in 2015
(Reuters) – MetLife Inc’s agricultural loans totaled $3.2 billion in 2015, down from a record $3.6 billion in 2014 as commodity prices hit a five-year low and a drought gripped California, the company said in a statement on Monday.
No decision yet on any OPEC, non-OPEC meeting: sources
LONDON/DUBAI (Reuters) – OPEC and non-OPEC countries have not yet agreed to hold a meeting to discuss action to support oil prices, two OPEC delegates said on Monday, nearly a week after Russian officials said Moscow should talk to OPEC.
Nokia patent sales forecast from Samsung deal hits shares
HELSINKI (Reuters) – Nokia said it had settled a lengthy patent dispute with South Korea’s Samsung on Monday, but investors were disappointed by the financial terms of the deal.
Porsche CEO has no plans to go down self-driving route
FRANKFURT/BERLIN (Reuters) – Porsche does not plan to join luxury carmakers who are trying to develop self-driving vehicles, its chief executive told a German newspaper, indicating differences between large premium brands and sports car companies.
Toyota to stop Japan production for one week due to steel shortage
TOKYO (Reuters) – Toyota Motor Corp said on Monday it would halt production at all car assembly plants in Japan from Feb. 8 to Feb. 13 due to a steel shortage following an explosion at a steel plant of one of its affiliates.
China official manufacturing PMI eases to 49.4 in January, misses forecasts
BEIJING (Reuters) – Activity in China’s manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday.
Barclays, Credit Suisse strike record deals with SEC, NY over dark pools
WASHINGTON (Reuters) – Barclays and Credit Suisse have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said…
Renault sees strong China potential despite late arrival
WUHAN, China (Reuters) – Renault still sees plenty of growth in Chinese vehicle demand, the French carmaker said as it prepared to cut the ribbon on its first assembly plant in the world’s biggest auto market, where growth has slowed over the past year…
JPMorgan launches blockchain trial project: FT
(Reuters) – JPMorgan Chase is partnering with start-up Digital Asset Holdings to launch a trial project using blockchain technology that could reduce the cost and complexity of trading, the Financial Times reported on Sunday.
