Ford South Africa recalls Kugas after cars burst into flames
CAPE TOWN (Reuters) – U.S. auto-maker Ford will recall 4,500 Kuga SUVs sold in South Africa after dozens of reports of the vehicles catching fire spontaneously, the head of the company’s South Africa unit said on Monday.
South Korea prosecutor seeks arrest of Samsung chief for bribery
SEOUL (Reuters) – South Korea’s special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.
Trade tensions, dollar danger cloud economic optimism in Davos
DAVOS, Switzerland (Reuters) – A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos.
Saudi pledges adherence to oil cut, confident others will
ABU DHABI (Reuters) – Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to prop up prices would work.
Saudi to launch $30-50 billion renewable energy program soon: minister
ABU DHABI (Reuters) – Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday.
Exclusive: China to target around 6.5 percent growth in 2017 – sources
BEIJING (Reuters) – China will lower its 2017 economic growth target to around 6.5 percent from last year’s 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.
U.S. insurers get inside cars, mouths, grocery carts in profit search
NEW YORK (Reuters) – Twice a day, Scott Ozawa’s Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance g…
China’s Xi says Chinese economy to keep growing steadily
BERN (Reuters) – China’s economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday.
Profit growth pickup could justify Wall Street rally
NEW YORK (Reuters) – U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street’s record-breaking rally, say stock investors who anticipate many companies will top expectations.
JPMorgan upgrades Indonesian stocks to ‘neutral’ after row
JAKARTA (Reuters) – JPMorgan Chase & Co upgraded its investment recommendation on Indonesian stocks to “neutral” from “underweight” on Monday, partially reversing a move it made in November that upset the government.
