Breaking business news: Exclusive: VW's $1.8 billion Ducati sale stalls at union roadblock, strategy rift

Click to View in Browser Monday, September 4, 2017 Exclusive: VW's $1.8 billion Ducati sale stalls at union roadblock, strategy rift LONDON/MILAN/BERLIN (Reuters) - German carmaker Volkswagen has put the 1.5 billion-euro ($1.8 billion) sale of Ducati motorcycles on hold after resistance from German trade unions and internal rifts on strategy, sources familiar with the matter told Reuters. Stocks dip, yen and gold gain after North Korea test LONDON (Reuters) - Stocks and the dollar fell on Monday while the Japanese yen, gold and sovereign bonds rose after North Korea's most powerful nuclear test to date dampened investor appetite for risk. U.S. crude edges higher, gasoline tumbles after Harvey NEW YORK (Reuters) - U.S. crude oil prices edged higher on Monday while gasoline prices slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. Bangladesh central bank sends team to Manila to push for heist money recovery DHAKA (Reuters) - Bangladesh's central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila. Novartis names drugs chief as CEO to deliver return to growth ZURICH (Reuters) - Novartis CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth. WTO reverses Boeing 777X tax credit ruling in blow to EU PARIS/GENEVA (Reuters) - The World Trade Organization has reversed a ruling that Boeing received prohibited support for its newest aircraft, dealing a blow to the European Union in its long-running row with the United States over subsidies. South Korean court rejects Qualcomm's request to suspend antitrust body's order SEOUL (Reuters) - A South Korean court on Monday rejected Qualcomm Inc's request to suspend an order by the country's antitrust agency to take corrective action on the way it licenses patents. McDonald's workers stage company's first strike in Britain LONDON (Reuters) - Workers at two McDonald's restaurants staged the first strike to hit the company in Britain in a protest over pay and other issues on Monday. Merkel backs class-action lawsuits for diesel car owners BERLIN (Reuters) - Chancellor Angela Merkel's support for collective lawsuits could force Volkswagen to offer to compensate owners of diesel cars in Germany as it has done in the United States over manipulated emissions tests. EU approves insolvent Air Berlin's 150 million euro lifeline FRANKFURT (Reuters) - The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline's planes flying while it tries to find buyers for its assets. Related Video Enter the Draghi New CEO as Novartis bids for growth Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook