Key Samsung shares steady, market awaits South Korea prosecution decision on leader
SEOUL (Reuters) – Shares of Samsung Electronics Co Ltd and Samsung C&T Corp were steady in early trade on Monday, ahead of a South Korean special prosecutor’s decision on whether to seek an arrest warrant for Samsung Group’s leader.
World’s eight richest as wealthy as half humanity, Oxfam tells Davos
DAVOS, Switzerland (Reuters) – Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top.
Job cuts, fewer flights? Hong Kong airline Cathay set for overhaul
SYDNEY/SHANGHAI (Reuters) – Cathay Pacific Airways is expected to announce job cuts, cost reductions and to shift flights to its short-haul arm when it unveils the results of a key review this week, as it grapples with growing competition from Chinese…
Exclusive: Philip Morris jolted by Indian proposal to ban foreign tobacco investment
NEW DELHI (Reuters) – Philip Morris International is fighting to keep a toehold in India’s $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters.
Trump threatens BMW with border tax on cars built in Mexico
BERLIN (Reuters) – President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.
Davos elites struggle for answers as Trump era dawns
DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased.
Allianz keen on takeovers, may study big U.S. move
FRANKFURT (Reuters) – Allianz is interested in takeovers, including in the United States, where the German insurer would look for big companies, chief executive Oliver Baete said in an interview to be published on Monday.
Trump says U.S. automakers should make products in the country
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country.
China, Europe drive shift to electric cars as U.S. lags
DETROIT (Reuters) – Electric cars will pick up critical momentum in 2017, many in the auto industry believe – just not in North America.
Oil prices will be much more volatile in 2017: IEA
ABU DHABI (Reuters) – Global oil prices will witness “much more volatility” in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) s…
