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North Korea seeks ‘complete denuclearization‘, says Moon, as U.S. vows continued pressure

SEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to "complete denuclearization" of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain "maximum pressure" on Pyongyang.

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Exclusive: Allergan in talks to acquire Shire, competing against Takeda - sources

(Reuters) - Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan‘s Takeda Pharmaceutical Co Ltd for the London-listed drugmaker, two sources familiar with the matter said on Thursday.

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Puerto Rico restores power to over 70 perecnt of customers after blackout

NEW YORK (Reuters) - Puerto Rico‘s power company said it had restored power to over 1.1 million homes and businesses by Thursday morning after a transmission line failure cut service to almost all of the island‘s 3.4 million residents the day before.

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The great Russian oil game in Iraqi Kurdistan

LONDON (Reuters) - Last October, at the height of a political crisis in Iraq‘s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft .

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North Korea seeks ‘complete denuclearisation‘, says Moon, as U.S. vows continued pressure

SEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to "complete denuclearisation" of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain "maximum pressure" on Pyongyang.

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Nestle, Unilever forego price increases to move product

ZURICH/LONDON (Reuters) - First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.

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U.S. ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China‘s cyberspace, highlighting the growing tension between the world‘s two largest economies.

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Commodities rollercoaster on 100 oil talk, sanctions stress

LONDON (Reuters) - Talk that Saudi Arabia has its sights on 80-100 a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday, though the potential boost to inflation hit fixed-income assets.

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Assad steps up efforts to crush last besieged enclaves

BEIRUT (Reuters) - The Syrian government on Thursday stepped up its efforts to retake the opposition‘s last besieged enclaves, as rebels prepared to withdraw from one and a newspaper reported an ultimatum against another.

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Britain‘s Labour Party tells financiers: pay higher taxes if you want influence

LONDON (Reuters) - Britain‘s shadow chancellor John McDonnell offered a new pact with the financial services industry on Thursday: higher taxes in return for a seat at the policymaking table if Labour wins the next election.

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Deadly South Carolina prison riot exposes staffing shortage

WASHINGTON (Reuters) - A gang-related melee at a South Carolina prison that ended with seven dead and 17 injured, the deadliest U.S. prison riot in a quarter century, exposed the vulnerability of an understaffed system.

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U.S ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China‘s cyberspace, highlighting the growing tension between the world‘s two largest economies.

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North seeks ‘complete denuclearization‘, says Moon, as U.S. vows continued pressure

SEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to "complete denuclearization" of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain "maximum pressure" on Pyongyang.

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FAA to order inspections of jet engines after Southwest blast

(Reuters) - The U.S. Federal Aviation Administration said it will order inspection of about 220 aircraft engines as investigators have found that a broken fan blade touched off an engine explosion this week on a Southwest flight, killing a passenger.

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New Novartis CEO feels heat on U.S. generics business

ZURICH (Reuters) - Swiss drugmaker Novartis‘ first quarterly results under new CEO Vas Narasimhan have been marred by a prized psoriasis treatment that disappointed and a sharp slump in sales by its U.S. generics unit.

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Commodities rocket on 100 oil talk, metals stress

LONDON (Reuters) - Talk that Saudi Arabia has its sights on 80-100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets.

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South Korea‘s Moon says North seeking ‘complete denuclearization‘

SEOUL (Reuters) - North Korea has expressed its desire for "complete denuclearization" of the Korean peninsula and is not seeking conditions such as U.S. troops withdrawing from the South first, South Korean President Moon Jae-in said on Thursday.

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Nestle confirms outlook as volume growth picks up

ZURICH (Reuters) - Food group Nestle confirmed its full-year guidance after organic sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes.

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Novartis confirms 2018 targets as Alcon recovery gains steam

ZURICH (Reuters) - Swiss drugmaker Novartis confirmed 2018 growth targets on Thursday as new Chief Executive Officer Vas Narasimhan said he was encouraged by first-quarter performance by his cancer drugs portfolio and a resurgent Alcon eye care unit.

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P&G to buy German Merck‘s consumer health unit for 4.2 billion

(Reuters) - Procter & Gamble Co will acquire the consumer health business of Merck KGaA for about 3.4 billion euros (4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets.

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Commodities, resource stocks ride oil surge in Asia

SYDNEY (Reuters) - Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income assets.

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P&G to buy German Merck‘s consumer health business for about 4.21 billion

(Reuters) - Procter & Gamble Co agreed to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros (4.21 billion) in cash, the companies said on Thursday.

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Cuba set to swear in new president to replace Raul Castro

HAVANA (Reuters) - An era will end in Communist-run Cuba on Thursday when President Raul Castro retires, likely handing over the reins to his right hand man Miguel Diaz-Canel, born the year after brothers Fidel and Raul led their 1959 leftist revolution.

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P&G to acquire German Merck‘s consumer health business for about 4.21 billion

(Reuters) - Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros (4.21 billion).

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