S.African metal, engineering sector set for strike

(Reuters) - About 260,000 South African workers in the metal and engineering sector are due to launch a strike on Monday over a wage dispute, unions said on Sunday.

The open-ended strike will affect more than 9,000 firms, including Bell Equipment and the Scaw Metals Group, owned by mining group Anglo American Plc, Solidarity union chief negotiator Johan Pieterse told Reuters.


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Algeria, KBR sign $2.88 bln LNG plant deal

(Reuters) - Algerian state energy firm Sonatrach signed a $2.88 billion contract with U.S. firm KBR Inc

to build a liquified natural gas (LNG) plant at eastern Skikda port, a state-owned newspaper reported on Sunday.


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M&S designer Davies set to stand down

(Reuters) - The man behind Marks & Spencer's

Per Una womenswear range, George Davies, is set to stand down from the clothes-to-food retailer later this year, The Sunday Telegraph reported.


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Companies earnings back in Asia focus

(Reuters) - Corporate earnings and outlooks from top Asian and U.S. firms in coming weeks are set to shape the trading landscape for Asian stocks, which along with global shares hit record highs in the first week of July.

Samsung Electronics, the world's top memory chip maker, Infosys Technologies Ltd., India's No. 2 software exporter, and Singapore Press Holdings, Southeast Asia's biggest newspaper publisher, are among major firms due to announce results this week.


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Bayer's blood-clot drug beats Lovenox in key study

(Reuters) - The news confirms the German drugmaker's leadership in the multibillion-dollar race to bring a new class of oral anticoagulants to market.




Results of a large Phase III trial showed only 9.6 percent of patients given rivaroxaban experienced venous thromboembolism , or blood clots, following total knee replacement against 18.9 percent of those on Sanofi-Aventis SA's Lovenox.


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"Losers club" sought to derail India deal-Vodafone

(Reuters) - Arun Sarin, the chief executive of global wireless operator
Vodafone Group Plc , called for greater transparency in
India's merger approval process to defeat backroom efforts by
vested interests to manipulate India's political bureaucracy.




"I really did not expect people -- the 'good and great' of
India -- to be calling cabinet secretaries, ministers, to say,
'You have to unwind this deal, because we want a piece of it,'"
Sarin told a conference of Indian business and academic leaders
taking place in Silicon Valley this weekend.


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France's Sarkozy wants Strauss-Kahn as IMF head

(Reuters) - "I want Dominique Strauss-Kahn to be France's candidate at the head of the IMF because he is the best suited to this post," Sarkozy was quoted as saying.




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