SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms
NEW YORK (Reuters) – Two of Asia’s biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home.
Exclusive: UK’s lower house would back triggering EU divorce talks – Reuters research
LONDON (Reuters) – While the British government tries to prevent parliament voting on its plan to trigger the country’s exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers’ recent …
Kremlin says Putin personally agreed to oil output cuts
MOSCOW (Reuters) – President Vladimir Putin personally agreed to planned Russian oil output cuts based on a consensus he had reached with big oil firms about co-operating with OPEC, the Kremlin said on Wednesday.
Citi says behaved appropriately in sterling ‘flash crash’
LONDON (Reuters) – Citi said on Wednesday that its trading operations functioned appropriately in a thin and illiquid market during October’s “flash crash” in sterling, responding to a Financial Times report saying a trader at the U.S. bank exacerbate…
Britain fines Pfizer record $107 million for huge drug price hike
LONDON (Reuters) – Britain’s competition watchdog has fined Pfizer a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.
East Asian stocks set for better 2017 if Trump thump turns into Trump bump
BENGALURU (Reuters) – East Asian stocks are expected to have a better run next year, provided U.S. equities perform well on U.S. President-elect Donald Trump’s tax cut plans and investors overcome concerns about a pending rise in protectionism, a Reute…
Foxconn says in preliminary discussions to expand U.S. operations
TAIPEI (Reuters) – Foxconn, the world’s largest contract electronics manufacturer and a major Apple Inc supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States.
Hidden credit card perks can save shoppers
NEW YORK (Reuters) – Want to save a few quick bucks on your holiday shopping? Your credit card may offer some little-known perks that could save you money both upfront and after the purchase.
Ford makes contingency plans in case of China year-end tax surprise
BEIJING (Reuters) – Ford Motor Co expects China to wait until the last possible moment to announce whether it will extend a tax cut on small engine cars set to expire at year’s end and is making contingency plans for various outcomes, an executive sai…
South Korea to slap VW with record fine, pursue executives over emissions ads
SEOUL (Reuters) – South Korea said it will file criminal complaints against five former and current executives at Volkswagen AG’s South Korean unit and fine the company a record 37.3 billion won ($31.87 million) for false advertising on vehicle emissi…
