China-U.S. trade tensions high on Big Oil’s worry list
DAVOS, Switzerland (Reuters) – Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
P&G profit and sales beat Wall Street estimates
(Reuters) – Procter & Gamble Co , maker of Tide detergent and Pampers diapers, reported better-than-expected quarterly sales and profit, helped by demand for its healthcare products.
Trumponomics may be wrong medicine for U.S. economy today
WASHINGTON (Reuters) – Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines.
Fairfax may sell 25 percent of India’s ICICI Lombard in up to $1 billion deal: sources
MUMBAI (Reuters) – Fairfax Financial Holdings is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance j…
BlackRock CEO sees dollar tensions between Trump and Fed
DAVOS, Switzerland (Reuters) – The U.S. is facing a period of dollar strengthening, fuelling likely tensions between the new administration of Donald Trump and the Federal Reserve, the chief executive of asset manager BlackRock told a panel in Davos on…
Toshiba making preparations for sale of stake in chip business: sources
TOKYO (Reuters) – Japan’s Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writed…
South Korea prosecutors summon another Samsung executive
SEOUL (Reuters) – South Korea’s special prosecutor’s office said on Friday it summoned a Samsung Electronics Co Ltd executive for questioning as it investigates a widening influence-peddling scandal that has embroiled President Park Geun-hye.
Dollar lower, stocks flat as caution creeps in ahead of Trump inauguration
LONDON (Reuters) – The dollar edged lower while stocks were little changed on Friday as investors held back ahead of Donald Trump’s inauguration as U.S. president and a speech that could shed some light on his economic policies.
ChemChina seeks U.S. anti-trust approval for Syngenta deal
BEIJING (Reuters) – China National Chemical Corp [CNNCC.UL], or ChemChina, said on Friday it has sought the U.S. anti-trust regulator’s approval for its planned $43 billion acquisition of Swiss crop protection and seed group Syngenta AG .
China GDP beats expectations but debt risks loom
BEIJING (Reuters) – China’s economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a tailwind heading into what is expected to be a turbulent year.
