Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017
HONG KONG (Reuters) – Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz’s Mohamed A. El-Erian said on Monday.
Saudi’s flynas orders 80 Airbus A320neos, including upgrade
RIYADH/DUBAI (Reuters) – Saudi Arabian budget carrier flynas is buying 80 Airbus A320neo narrow body jets in a deal worth $8.6 billion that includes upgrading an earlier order, it said on Monday.
UK to test Fiat Chrysler Jeep model after U.S. emission accusations
LONDON (Reuters) – Britain said on Monday it will carry out tests on the Jeep Grand Cherokee model following U.S. accusations carmaker Fiat Chrysler Automobiles mislead regulators on diesel car emissions.
Oil prices slip on doubts over output cuts
LONDON (Reuters) – Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that U.S. production would increase again this year.
Businesses can unlock $12 trillion via key development goals: Davos study
DAVOS, Switzerland (Reuters) – Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and fin…
Burberry’s CEO designate to join firm this month
LONDON (Reuters) – British luxury brand Burberry said on Monday its incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East, before joining the board and taking the top job…
Angry Birds maker Rovio opens new games studio in London
HELSINKI (Reuters) – Finnish mobile games and animation company Rovio Entertainment said on Monday it was stepping up its hunt for new hit games by opening a studio in London to focus on new multiplayer games that would not rely on the firm’s Angry Bir…
JPMorgan looks for big payoff from lead in deposit race
NEW YORK (Reuters) – Over the past five years, stock analysts have challenged JPMorgan Chase & Co executives for keeping so many branches open as customers did more and more banking online.
Australia government, Alcoa say making progress in aluminum smelter talks
SYDNEY (Reuters) – Plans to provide government support to keep open a 30-year-old aluminum smelter in Australia owned by Alcoa have made “progress”, parties involved in talks said on Monday without giving details.
Samsung Electronics probe finds battery was main cause of Note 7 fires: source
SEOUL (Reuters) – A Samsung Electronics Co Ltd investigation into what caused some Galaxy Note 7 smartphones to catch fire has concluded that the battery was the main reason, a person familiar with the matter told Reuters on Monday.
