FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid August 24, 2020 (Reuters) – The S&P 500 and Nasdaq opened at record levels on Monday after the U.S. health regulator approved […]
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Exclusive: Foxconn, other Asian firms consider Mexico factories as China risks grow
FILE PHOTO: A sign announces the manufacturing complex of Foxconn PCE Technology, in Ciudad Juarez, Mexico February 6, 2020. Picture taken February 6, 2020. REUTERS/Jose Luis Gonzalez/File Photo August 24, 2020 By Sumeet Chatterjee, Yimou Lee and Anthony Esposito HONG KONG/TAIPEI/MEXICO CITY (Reuters) – Taiwan-based electronics manufacturers Foxconn and Pegatron […]
Olympics: Tokyo flame to go on display to public next month
August 24, 2020 By Jack Tarrant TOKYO (Reuters) – The Olympic flame will go on display at the Japanese Olympic Museum from Sept. 1, the Japanese Olympic Committee (JOC) announced on Monday. The flame was last seen in Fukushima after the torch relay was cancelled following its arrival from Greece […]
Vietnamese tech firm sues TikTok, alleging copyright infringement
August 24, 2020 HANOI (Reuters) – Vietnamese technology firm VNG is suing TikTok, the popular short-form video app, saying it does not have adequate licences for the songs being used in its videos, sources said on Monday. VNG is accusing the Chinese-owned company of using audio tracks owned by Zing, […]
Dollar falls, Kiwi left behind as riskier currencies gain
FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren August 24, 2020 By Elizabeth Howcroft LONDON (Reuters) – The dollar fell on Monday while European shares and riskier currencies gained, with some analysts […]
Novartis CEO says COVID-19 makes valuing takeover targets tougher
August 24, 2020 ZURICH (Reuters) – Swiss drugmaker Novartis AG <NOVN.S> has financial firepower for acquisitions even with net debt of $26 billion, though the COVID-19 pandemic has made it more difficult to value takeover candidates, Chief Executive Vas Narasimhan said in an interview. “We generate a high free cash […]
Takeda to sell Japanese consumer health unit to Blackstone for $2.3 billion
FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon August 24, 2020 TOKYO (Reuters) – Takeda Pharmaceutical Co <4502.T> has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group <BX.N> for 242 billion yen ($2.3 […]
Leader of India’s opposition Congress offers to resign after dissent letter
FILE PHOTO: Sonia Gandhi, leader of India’s main opposition Congress party, arrives to attend a Congress Working Committee (CWC) meeting in New Delhi, India, August 10, 2019. REUTERS/Anushree Fadnavis August 24, 2020 By Alasdair Pal and Rupam Jain NEW DELHI (Reuters) – The leader of India’s main opposition Congress party […]
Irish police caution adds to pressure on EU’s Hogan
FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland speaks as he attends his hearing before the European Parliament in Brussels, Belgium September 30, 2019. REUTERS/Yves Herman August 24, 2020 By Padraic Halpin and Philip Blenkinsop DUBLIN/BRUSSELS (Reuters) – European Commission President Ursula von der Leyen has asked trade chief […]
Johnson eyes long spell at the summit after reclaiming top spot
Aug 23, 2020; Norton, Massachusetts, USA; Dustin Johnson watches his tee shot on the 15th hole during the final round of The Northern Trust golf tournament at TPC of Boston. Mandatory Credit: Mark Konezny-USA TODAY Sports August 24, 2020 (Reuters) – Dustin Johnson said he is targeting a lengthy stay […]