China posts worst export fall since 2009 as fears of U.S. trade war loom
BEIJING (Reuters) – China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding t…
Samsung leader quizzed for over 22 hours in South Korea corruption scandal
SEOUL (Reuters) – Samsung Group leader Jay Y. Lee left the South Korean special prosecutor’s office early on Friday after more than 22 hours of questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye…
EPA accuses Fiat Chrysler of excess diesel emissions
NEW YORK/DETROIT (Reuters) – The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software to allow excess diesel emissions to go undetected, the result of a probe that stemmed from regulat…
Exclusive: Venezuela’s PDVSA sees 2017 oil output stuck near historic lows – document
CARACAS (Reuters) – Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country.
Takata to pay $1 billion to settle U.S. air bag probe: sources
NEW YORK (Reuters) – Japan’s Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sou…
Wall St. falls before earnings and on U.S. policy uncertainty
NEW YORK (Reuters) – The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump’s economic policy eight days ahead of his inauguration.
South Korea investigators mull arrest warrant for Samsung leader: Yonhap
SEOUL (Reuters) – South Korean special prosecutor’s office is considering whether to seek an arrest warrant for Samsung Group leader Jay Y. Lee amid a probe into an influence-peddling scandal involving President Park Geun-hye, Yonhap News Agency report…
Amazon to add more than 100,000 jobs in U.S. hiring spree
NEW YORK/WASHINGTON (Reuters) – Amazon.com Inc on Thursday said it will create more than 100,000 jobs in the United States, from software development to warehouse work, in its latest move to win over shoppers by investing in faster delivery.
Exclusive: Citadel nears SEC settlement over customer orders – sources
NEW YORK (Reuters – Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week.
Exclusive: Morgan Stanley cuts bankers, bonuses as deals, IPOs stall – sources
(Reuters) – Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told …
