South Korea’s Netmarble seeks M&As, U.S. expansion: founder
SEOUL (Reuters) – South Korea’s largest mobile game company, Netmarble Games Corp, is seeking more mergers and acquisitions and intellectual property rights to expand its share of the gaming market in North America and Europe, its founder said.
Samsung chief questioned behind closed doors in arrest warrant hearing
SEOUL (Reuters) – A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-…
Stock rally in recent months driven by global economy, not Trump: Robeco CIO
TOKYO (Reuters) – A rally in global stock markets in the past few months is being driven more by improving economic fundamentals than by expectations of more U.S. fiscal stimulus under President-elect Donald Trump, a chief investment officer of Dutch a…
Brazil’s Odebrecht settling bribe cases in 12 countries
BRASILIA (Reuters) – Brazil’s largest engineering conglomerate Odebrecht SA [ODBES.UL] plans to reach settlements in all 12 countries where it has admitted to paying bribes to obtain contracts, two sources with knowledge of the matter told Reuters on T…
Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages
NEW YORK (Reuters) – Deutsche Bank finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
Brainard joins Fed chorus warning about fiscal stimulus risks
WASHINGTON (Reuters) – A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost.
Fed’s Williams calls for further gradual U.S. rate hikes
SACRAMENTO (Reuters) – San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession.
Cameco expects to report net loss for 2016, cut jobs at uranium mines
(Reuters) – Canadian uranium producer Cameco Corp on Tuesday said it expected its 2016 adjusted profit to be significantly lower than analysts’ estimates and also said it would cut 120 jobs at three of its uranium mines in 2017.
FDA approves generic version of Jazz Pharma’s sleep disorder drug
(Reuters) – The U.S. Food and Drug Administration said it had approved the first generic version of Xyrem, Jazz Pharmaceuticals Plc’s drug to treat patients with narcolepsy, a kind of sleeping disorder.
United Air profit slips 40 percent in fourth quarter
NEW YORK (Reuters) – United Continental Holdings Inc on Tuesday reported a 1.6 percent decline in its fourth-quarter passenger unit revenue, a closely watched metric, outperforming the airline company’s initial guidance on the measure as its net profi…
