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Catalent CEO to remain in charge of contract drugmaker after Novo Holdings' buyout

UPDATE 1-Catalent CEO to remain in charge of contract drugmaker after Novo Holdings' buyout Adds details from letter in paragraph 3, background in paragraph 4 Oct 21 (Reuters) - Catalent CTLT.N president and CEO Alessandro Maselli said on Monday he will stay on as the contract drugmaker's chief after it is acquired by Novo Holdings, the controlling shareholder of weight-loss drug manufacturer Novo Nordisk NOVOb.CO .

German carmakers should not be afraid of Chinese competition, says Scholz

UPDATE 1-German carmakers should not be afraid of Chinese competition, says Scholz Adds Mercedes comments, background in paragraphs 8-9 KUPPENHEIM, Germany, Oct 21 (Reuters) - German automakers should not be afraid of competition from China, Chancellor Olaf Scholz said on Monday at the opening of Mercedes-Benz's MBGn.DE first battery recycling plant, an investment he described as part of Germany's new industrial policy agenda.
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EU joins up with venture capital firms to boost region's tech sector

EU joins up with venture capital firms to boost region's tech sector BRUSSELS, Oct 21 (Reuters) - The European Union said on Monday it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe's tech sector is lagging the United States and China. The initiative, dubbed by the EU as the "Trusted Investors Network", comes as Europe tries to keep pace with the bigger and more innovative tech industries in China a

India, China strike border patrol pact that could ease ties, top official says

RPT-UPDATE 3-India, China strike border patrol pact that could ease ties, top official says Repeats to widen distribution Border pact to help resolve four-year conflict, India says Pact follows rounds of military, diplomatic talks Modi, Xi could meet on sidelines of this week's BRICS summit Border stand-off strained ties, hit business interactions By Krishn Kaushik NEW DELHI, Oct 21 (Reuters) - India and China have reached a deal on patrolling their disputed Himalayan frontier to resolve a four-

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

UPDATE 1-Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Adds details from report in paragraph 2, Ocado's reply in paragraph 3 Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday.
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Futures dip ahead of earnings-packed week; Boeing surges

US STOCKS-Futures dip ahead of earnings-packed week; Boeing surges For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing gains after offering new wage deal Humana climbs after report Cigna resumes merger talks Futures down: Dow 0.22%, S&P 500 0.30%, Nasdaq 0.51% Updated at 06:46 a.m. ET/1046 GMT By Lisa Pauline Mattackal and Purvi Agarwal Oct 21 (Reuters) - Wall Street futures dipped on Monday as investors braced for a busy week of maj
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ECB's Kazimir: increasingly confident in disinflation path

ECB's Kazimir: increasingly confident in disinflation path FRANKFURT, Oct 21 (Reuters) - Euro zone inflation is increasingly likely to return to target next year but a bit more evidence is needed before the European Central Bank can declare victory, Slovak central bank chief Peter Kazimir said on Monday. Kazimir, an outspoken conservative, was one of the few policymakers to openly express doubt about the need to cut rates this month, but he relented and eventually supported the move, the third p

Middle East Crude-Benchmarks fall, Dubai near two-month low

Middle East Crude-Benchmarks fall, Dubai near two-month low SINGAPORE, Oct 21 (Reuters) - Middle East crude benchmark premiums for Oman, Dubai and Murban declined on Monday, with the Dubai premium hitting a near two-month low. SINGAPORE CASH DEALS Cash Dubai's premium to swaps declined 15 cents to $1.54 a barrel, the lowest since Aug. 27. ExxonMobil will deliver two December Upper Zakum crude cargoes, one to Mitsui and the other to TotalEnergies following the deals.

UAE president tells Putin: we are ready to help resolve Ukraine crisis

UPDATE 1-UAE president tells Putin: we are ready to help resolve Ukraine crisis Sheikh Mohammed meets Putin Leaders speak until midnight at Putin's residence Sheikh Mohammed offers to support efforts to end the war Recasts, and adds quotes MOSCOW, Oct 21 (Reuters) - United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan told Russian President Vladimir Putin on Monday that he was ready to support efforts to find peace in Ukraine.

HSBC Bought Back Total Of 1 Mln Shares On Other Exchanges For GBP7 Mln On Oct 18 - HKEX Filing

BRIEF-HSBC Bought Back Total Of 1 Mln Shares On Other Exchanges For GBP7 Mln On Oct 18 - HKEX Filing Oct 21 (Reuters) - HKEX FILING: HSBC BOUGHT BACK TOTAL OF 1 MILLION SHARES ON OTHER EXCHANGES FOR GBP7 MILLION ON OCT 18 - HKEX FILING HSBC BOUGHT BACK 1.5 MILLION SHARES FOR HK$101.9 MILLION ON OCT 18 - HKEX FILING Further company coverage: 0005.HK
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Boeing's new proposal may lead to $1 bln in wage-related costs over four years

Boeing's new proposal may lead to $1 bln in wage-related costs over four years Oct 21 (Reuters) - Boeing BA.N is expected to book more than $1 billion in wage-related expenses from its proposed labor contract , analysts said, although its shares rose 4% on Monday on hopes of an end to a crippling strike. About 33,000 workers will vote on the contract proposal on Wednesday after a more than month-long work stoppage, which has halted production of models including its best-selling 737 MAX narrowbo
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Fidelity International cuts 500 jobs in China, sources say

Fidelity International cuts 500 jobs in China, sources say HONG KONG, Oct 21 (Reuters) - Fidelity International (FIL) will cut 500 jobs at one of its Chinese operations, two people with knowledge said, marking the largest downsizing in recent years of a global financial firm in the world's second largest economy. U.K.-headquartered FIL told staff about the job cuts at one of its tech and operation centres located in China's northern city Dalian on Monday, according to the people who declined to

Italy's Pirelli to stick to targets despite difficult market phase

BRIEF-Italy's Pirelli to stick to targets despite difficult market phase Oct 21 (Reuters) - Pirelli's PIRC.MI Executive Vice-Chairman Marco Tronchetti Provera tells reporters on the sidelines of an event in Milan : DESPITE CURRENT DIFFICULT PHASE WILL MAINTAIN OUR TARGETS Further company coverage: PIRC.MI Reporting by Milan newsroom
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Bidders poke holes in Japan's fair M&A push

RPT-BREAKINGVIEWS-Bidders poke holes in Japan's fair M&A push The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Updates to add graphic and hyperlinks. By Anshuman Daga SINGAPORE, Oct 21 (Reuters Breakingviews) - Japan's Seven & i 3382.T and Fuji Soft 9749.T are each resisting generous takeover approaches from Canada's Alimentation Couche-Tard ATD.TO and private equity firm Bain Capital.

BHP’s dam disaster dealings leave a bad taste

RPT-BREAKINGVIEWS-BHP’s dam disaster dealings leave a bad taste The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Oct 21 (Reuters Breakingviews) - BHP's BHP.AX tactics in Brazil may be going too far. On Friday, the miner, partner Vale VALE3.SA and their Samarco joint venture in the country outlined a potential 132 billion reais ($23 billion) settlement with Brazilian authorities over a catastrophic dam failure in 2015. Problem is,
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Sterling dips as US dollar rides economy higher

Sterling dips as US dollar rides economy higher LONDON, Oct 21 (Reuters) - The pound fell on Monday as investors focused on the relative strength of the U.S. economy, pushing up the dollar. Sterling GBP=D3 was last down 0.2% at $1.3023, just above Thursday's two-month low of $1.2975. The euro EURGBP=D3 was up 0.1% at 83.35 pence, although it remained near its lowest level in 2-1/2 years against Britain's currency.
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Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday. Warby currently serves as the chair of executive search firm Heidrick & Struggles HSII.O and as a senior advisor to KKR, a U.S.-based investment firm.
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MetLife in talks to buy PineBridge's ex-China assets for $1 bln-$1.5 bln, Bloomberg News reports

UPDATE 1-MetLife in talks to buy PineBridge's ex-China assets for $1 bln-$1.5 bln, Bloomberg News reports Updates with responses from Metlife and Pinebridge Oct 21 (Reuters) - New York-based insurer MetLife Inc MET.N is in advanced talks to buy PineBridge Investments' assets outside of China in a deal that could be valued at $1 billion to $1.5 billion, Bloomberg News reported on Monday.

JAB’s pricy coffee shot is not as dumb as it looks

BREAKINGVIEWS-JAB’s pricy coffee shot is not as dumb as it looks The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Oct 21 (Reuters Breakingviews) - The German investment group scooped up a 18% stake in JDE Peet’s, which it listed in 2020, from Mondelez at a fat 32% premium. That eliminates a share overhang and risk of an interloper.
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Repsol freezes green hydrogen projects in Spain

UPDATE 1-Repsol freezes green hydrogen projects in Spain Adds context in paragraphs 6, 7; attribution in 3 MADRID, Oct 21 (Reuters) - Spanish oil major Repsol REP.MC has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday.
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