Amid fried chicken craze, foreign firms ruffle Korean feathers
SEOUL (Reuters) – Don’t count your chickens before they hatch.
U.S. bans Samsung Galaxy Note 7 smartphones from air travel
WASHINGTON (Reuters) – Samsung Galaxy Note 7 smartphone devices will be banned from aircraft in the United States starting on Saturday at noon EDT (1600 GMT) under an emergency order, regulators said on Friday after numerous reports of the devices catc…
Volkswagen to step up savings in wake of emissions scandal: report
FRANKFURT (Reuters) – German carmaker Volkswagen is planning to tighten spending sharply as it deals with fall-out from its diesel emissions cheating scandal, Automobilwoche reported on Saturday.
Deutsche Bank considering changes to U.S. strategy: sources
FRANKFURT (Reuters) – Deutsche Bank is studying a possible change of its strategy in the United States, where it is fighting a $14 billion fine the Department of Justice (DoJ) is requiring over the sale of toxic mortgage bonds before the financial cris…
India and Russia sign energy, defense deals worth billions
GOA, India (Reuters) – India and Russia signed billions of dollars of defense and energy deals on Saturday at a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East….
Russia’s Rosneft, partners to invest around $12.9 billion in India’s Essar Oil: CEO
GOA, India (Reuters) – A group led by Russian oil major Rosneft will invest around $12.9 billion in India’s Essar Oil , Chief Executive Igor Sechin told reporters on Saturday.
Volkswagen to pay $175 million to U.S. lawyers suing over emissions
WASHINGTON (Reuters) – Volkswagen AG , in another step to move past its costly diesel emissions cheating scandal, has agreed to pay $175 million to U.S. lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two peopl…
Obama eases restrictions on Cuba, lifts limits on rum and cigars
WASHINGTON/HAVANA (Reuters) – Americans traveling to Cuba will be allowed to bring home more of the communist-ruled island’s coveted cigars and rum under new measures announced by the U.S. government on Friday to further ease trade, travel and financia…
Twitter charts solo path as Salesforce rules out takeover
(Reuters) – Twitter Inc faces an uncertain future after Saleforce.com Inc , the last of the companies believed to be interested in buying the troubled social network, said on Friday that it would not make a bid.
U.S. fiscal year budget deficit widens to $587 billion
WASHINGTON (Reuters) – The U.S. budget deficit widened to $587 billion for the fiscal year 2016 on slower-than-expected revenues and higher spending for programs including Social Security and Medicare, the Treasury Department said on Friday.
