China jails former Sinopec president for 15-1/2 years over graft
BEIJING (Reuters) – A Chinese court has jailed Wang Tianpu, the former president of energy giant Sinopec Group, for 15-1/2 years for graft, state media reported on Tuesday, citing a court verdict.
Amazon offers to drop e-book clauses to settle EU antitrust probe: source
BRUSSELS (Reuters) – U.S. online retailer Amazon has offered to drop some clauses from its e-book deals with publishers in a bid to end an EU antitrust investigation and stave off a possible fine, a person familiar with the matter said on Tuesday.
Goldman Sachs files $1 billion countersuit against Indonesian businessman
JAKARTA (Reuters) – Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called “unlawful” trades in the shares of a property firm.
U.S. judge approves Volkswagen dealers $1.2 billion settlement
WASHINGTON (Reuters) – Volkswagen AG’s dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal.
Toshiba to unveil extent of U.S. nuclear business writedown on February 14
TOKYO (Reuters) – Japan’s Toshiba Corp said it will unveil the extent of the writedown on its U.S. nuclear business on Feb. 14 when it reports its results for the quarter ended Dec. 31.
Samsung Electronics warns of political risks as chips boost fourth-quarter profit
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter.
Dollar wallows near seven-week lows on fading Trump trade
LONDON (Reuters) – The dollar wallowed near its lowest levels since early December on Tuesday, kept under pressure by concerns that U.S. President Donald Trump was focusing more on protectionism and less on pro-growth economic policies.
Trump pulls U.S. out of Pacific trade deal, loosening Asia ties
WASHINGTON (Reuters) – U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China’s influence in the region rises.
Malaysian low-cost long-haul carrier AirAsia X cleared for U.S. flights
KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd on Tuesday said it has become Asia’s first low-cost carrier to receive approval to operate scheduled passenger flights to any destination within the United States.
Ford launches brand to sell auto parts to fix competitors’ vehicles
DETROIT (Reuters) – Ford Motor Co , in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors’ vehicles.
