Samsung Group to disband its corporate strategy office after probe ends
SEOUL (Reuters) – Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up a power center that has been criticized for its role in South Korea’s graft scandal.
Iran says U.S. sanctions stop American oil firms taking part in projects
DUBAI (Reuters) – Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said on Monday.
Toyota raises full-year profit outlook on weaker yen, cost cutting
TOKYO (Reuters) – Toyota Motor Corp on Monday raised its full-year profit forecast by 9.7 percent as the world’s No. 2 automaker expects a bigger reprieve from a weakening yen while cost-cutting efforts also help.
Oil prices rise as investors pour fresh cash into crude futures
SINGAPORE (Reuters) – Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new U.S. sanctions against Iran could be extended to affect crude supplies.
JPMorgan gets China corporate bond underwriting license
HONG KONG (Reuters) – JPMorgan Chase & Co < JPM.N> said on Monday it had received approval and license to underwrite corporate bonds in China’s interbank bond market, making it the first U.S.-headquartered bank to do so.
Oil prices rise on weaker dollar, but U.S. output drags
SINGAPORE (Reuters) – Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies.
Hyundai Motor Group promotes fewer executives after flagship’s profit drop
SEOUL (Reuters) – Hyundai Motor Group, South Korea’s second-biggest conglomerate, said on Monday that in an annual reshuffle it has promoted 348 executives, down 5 percent from last year, due to “growing business uncertainty”.
Dollar subdued after U.S. wage growth disappoints
TOKYO (Reuters) – The dollar started the week on the back foot on Monday, after U.S. data showed a smaller-than-expected rise in wages in January that reinforced expectations the Federal Reserve will refrain from raising interest rates next month.
Chipotle stock could fall as much as 35 percent over next year: Barron’s
(Reuters) – Chipotle Mexican Grill Inc could fall as much as 35 percent in the next year, Barron’s reported on Sunday.
Takata shares untraded with heavy sell orders, KSS seen backing restructuring
TOKYO (Reuters) – Shares in Japan’s Takata Corp were untraded with a glut of sell orders on Monday after sources said the struggling air bag maker had selected Key Safety Systems (KSS) as the final bidder for its restructuring, raising a concern that …
