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  • *Switzerland to take brunt of layoffs. ZURICH, Sept 25- Novartis will cut 2,550 jobs in Switzerland and Britain over four years, it said on Tuesday, as the Swiss drugmaker strives to boost profits and focus on new medicines. Switzerland will bear the brunt, with 2,150 cuts planned at four factories and its Swiss-based business services unit.

  • ISTANBUL, Sept 25- The lira firmed slightly on Tuesday as investors weighed up the prospect of an improvement in Turkey- U.S. ties after U.S. Secretary of State Mike Pompeo said he expected talks this week over the fate of a U.S. pastor on trial in Turkey. The lira has lost nearly 40 percent of its value against the U.S. currency this year on concerns about President...

  • In early London trading, sterling rose a quarter of a percent to $1.3153 as traders covered some of their short positions. "We are starting to see some movement from London and Brussels towards a Brexit deal and that is helping sentiment," said fund manager Constantin Bolz of wealth manager Portfolio Concepts. With just over six months until Britain leaves the...

  • BERLIN, Sept 25- Global airline industry association IATA warned on Tuesday that the British government's papers on a no-deal Brexit exposed the "extreme seriousness" of what is at stake. "The UK governments papers on the air transport implications of a' no deal' departure from the EU clearly exposes the extreme seriousness of what is at stake and underscores the...

  • *China willing to work with Maldives to implement free trade pact. BEIJING, Sept 25- China on Tuesday called for "continuity and stability" in the Maldives after Ibrahim Mohamed Solih, the leader of an opposition that has vowed to review Chinese projects, defeated incumbent president Abdulla Yameen in a weekend election. "China has always encouraged Chinese...

  • LONDON, Sept 25- Emerging stocks extended falls on Tuesday and currencies came under broad pressure from rising trade tensions and climbing U.S. yields, although Turkey's lira rose on hopes Ankara could ease tensions with Washington. MSCI's emerging market equity index fell 0.5 percent, with China stocks suffering the brunt of the declines after the U.S. and...

  • BERLIN, Sept 25- A full-blown trade war would have serious effects on global economic growth and there would be no winners of such a scenario, the director-general of the World Trade Organization, Roberto Azevedo, said on Tuesday. Speaking at a Berlin industry event against the backdrop of growing trade tensions between China and the United States, Azevedo said: "...

  • *Tunisia struggling with high unemployment, inflation. TUNIS, Sept 25- Efforts to rescue Tunisia's ailing economy face the prospect of fresh turmoil after the president declared his alliance with moderate Islamists at an end, deepening divisions in a fragile coalition managing the country's transition from autocracy. Although struggling with high...

  • LONDON— The Latest on Britain's planned exit from the European Union:. The head of the World Trade Organization says the trade body will try to minimize disruption caused by Britain's exit from the European Union. German Chancellor Angela Merkel says an agreement on Britain's future relations with the European Union shouldn't be too vague and is renewing a...

  • *UK- based investors voice concerns. *Move to cost company place in FTSE index of leading UK shares. LONDON, Sept 25- Unilever executives took to the British press and airwaves on Tuesday to defend their plan to base a new single headquarters in the Netherlands in the face of opposiiton from several prominent shareholders.

  • LONDON— Britain's main opposition Labour Party says it will reject Prime Minister Theresa May's proposed Brexit deal with the European Union when it comes to a vote in Parliament. If Britain and the EU agree on a deal, it must be approved by individual nations before Britain leaves. Labour leaders are under pressure from members to back a new referendum on...

  • Inward investment into South African bonds and equities shrank to 16.6 billion rand from 89.4 billion rand in the first three months of the year, the Reserve Bank said. Separately, plans by South Africa's African National Congress to speed up land redistribution had started to unnerve investors, despite assurances from the ruling party that land reform would...

  • *OPEC, Russia so far resist calls to raise output. LONDON, Sept 25- The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. The United States from Nov. 4 will target Iran's oil exports with...

  • MADRID, Sept 25- Secretary-General Mohammad Barkindo called for cooperation between OPEC and non- OPEC countries on Tuesday, warning that failure to do so could lead to one crisis after another. "It is important that OPEC and non- OPEC countries cooperate so that we do not fall from one crisis to another," Barkindo said at an event organised by Spanish oil and gas...

  • *Anti-immigration Sweden Democrats hold balance of power. The anti-immigration Sweden Democrats, with 62 seats and shunned by all parties since entering parliament in 2010, backed the Alliance in the vote- an obligatory test of the prime minister's parliamentary support after an election. Sweden Democrat leader Jimmie Akesson repeated on Tuesday his...

  • LONDON, Sept 25- The Bank of England can reverse its huge bond-buying stimulus program without sharply pushing up long-term interest rates, as long it communicates the plan properly and moves gradually, a top BoE policymaker said on Tuesday. "Understanding the main channels through which QE works is going to be very important when it comes to unwinding QE,"...

  • *World stocks flat, just off six-month high. LONDON, Sept 25- World stocks struggled to make headway on Tuesday after another round of U.S.- China tariffs kicked in and investors' nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs. Beijing and Washington have imposed new tariffs on each other's goods and...

  • FTSE 100 up 0.2 pct. The FTSE 100 rose 0.2 percent by 0825 GMT, boosted by energy stocks and miners. Next shares jumped 8.5 percent to the top of the FTSE 100 after it raised its full-year profit forecast and struck an optimistic tone on a no-deal Brexit, saying it is well prepared for the eventuality.

  • Sept 25- OPEC Secretary General Mohammad Barkindo:.

  • WASHINGTON, Sept 25- The U.S. State Department has approved the sale to Taiwan of spare parts for F-16 fighter planes and other military aircraft worth up to $330 million, prompting China to warn on Tuesday that the move jeopardised Sino-U.S. cooperation. U.S. military sales to self-ruled Taiwan, which China claims as its territory, is an irritant in the relations...