Samsung, LG unveil new devices in bid for smartphone recovery
BARCELONA (Reuters) – Samsung Electronics Co Ltd and LG Electronics Inc unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth.
HSBC says SEC is probing its Asia hires
HONG KONG (Reuters) – HSBC said on Monday it was being investigated by the Securities and Exchange Commission in relation to hiring practices of candidates with ties to government officials in Asia.
U.S. official doubts success of deal to freeze oil output
NEW DELHI (Reuters) – A senior U.S. energy official said he doubted the success of a proposal by OPEC and non-OPEC producers to freeze crude oil output in an oversupplied market and boost prices.
AT&T to invest $10 billion to bolster global enterprise services
NEW YORK (Reuters) – AT&T Inc will invest about $10 billion in its global business solutions division, as it seeks to boost the unit that offers services such as wireless connectivity, cloud storage and security to companies, the wireless provider said on Sunday.
Investment banks’ trading revenue declined 9 percent in 2015: survey
LONDON (Reuters) – Revenue at the world’s 12 largest investment banks from trading fixed income, currencies and commodities, known as FICC, fell 9 percent in 2015 compared with a year before, a survey showed on Monday, dragged down by regulatory change…
Focus sharpens on Fed after hot inflation data
NEW YORK (Reuters) – With next week’s calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the U.S. central bank’s next move, but an unexpectedly hot read…
GM could cancel $1.6 billion investment in Brazil
SAO PAULO (Reuters) – General Motors Co will reconsider plans for new investment in Brazil if the economic and political situation does not improve, the company’s president Dan Ammann said in an interview published on Sunday.
EPA asks Volkswagen to make electric cars in U.S.: Welt am Sonntag
FRANKFURT (Reuters) – U.S. authorities have asked the German carmaker Volkswagen to produce electric vehicles in the United States as a way of making up for its rigging of emission tests, the German newspaper Welt am Sonntag reported.
Takata air bag recall could cost VW up to $445 million: Welt am Sonntag
FRANKFURT (Reuters) – Volkswagen AG may have to set aside up to 400 million euros ($445 million) in provisions to cover a recall of vehicles in the United States equipped with Takata air bags, German weekly Welt am Sonntag reported, citing an insider.
Nestle Asia works to restore India revenue after noodle ban: paper
ZURICH (Reuters) – The head of Nestle’s Asian business is hoping to restore revenue in India within three years to levels preceding the recall of its Maggi instant noodles from the market last year over a health scare, newspaper Schweiz am Sonntag repo…
