At Davos, retreat of globalization stokes fears for poor nations
DAVOS, Switzerland (Reuters) – In 2014, Arnold Kamler, CEO of New Jersey-based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. This year, he hopes to sell half a milli…
Trump threatens German carmakers with 35 percent U.S. import tariff
FRANKFURT/BERLIN (Reuters) – U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers’ shares.
GM’s Cadillac sees double-digit sales growth in China this year
BEIJING (Reuters) – General Motors Co’s Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the co…
Carlyle to become largest shareholder in South Africa’s Global Credit Ratings
LONDON (Reuters) – Carlyle Group has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency’s services.
Luxottica’s Del Vecchio says listing in both Italy and France still an option: report
(Reuters) – The group created by the merger of Italy’s Luxottica and France’s Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday.
Toyota Motor to start testing fuel cell vehicles in UAE
TOKYO (Reuters) – Toyota Motor Corp on Tuesday said it would begin testing its hydrogen fuel cell vehicle (FCV) in the United Arab Emirates as the Japanese automaker explores the potential for the zero-emissions fuel technology in hot, dry conditions….
Samsung chief faces long day as South Korean court weighs arrest warrant
SEOUL (Reuters) – The head of South Korea’s giant Samsung Group faces a long day in court on Wednesday as a judge decides whether he should be arrested for bribery in a corruption scandal that has engulfed President Park Geun-hye’s administration.
Honda says Takata airbag ruptured in Japan, caused minor injury
TOKYO (Reuters) – Honda Motor Co said on Tuesday that an air bag made by Takata Corp had ruptured in one of its cars in Japan, resulting in a minor injury to the car’s driver.
Buffett’s Berkshire Hathaway wins reinsurance licence in Malaysia
KUALA LUMPUR (Reuters) – Warren Buffett’s Berkshire Hathaway has won a licence to provide reinsurance services in Malaysia, the billionaire investor’s group said, as it expands operations in Asia.
Trump calls corporate tax border adjustment ‘too complicated’: WSJ
(Reuters) – U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans’ corporate-tax plan, is “too complicated”, the Wall Street Journal reported on Monday.
