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Businesses can unlock $12 trillion via key development goals: Davos study

Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.

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Businesses can unlock $12 trillion via key development goals: Davos study

Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz's Mohamed A. El-Erian said on Monday. The outlook for the global economy in 2017 will be similar to that for 2016, but with an upside risk, with the world expanding below 3 percent and the U.S. economy outperforming that…

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Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

South Korea prosecutor seeks arrest of Samsung chief for bribery

By Ju-min Park and Se Young Lee SEOUL (Reuters) – South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month …

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South Korea prosecutor seeks arrest of Samsung chief for bribery

Luxottica and Essilor agree 46 billion euro merger to create eyewear giant

By Valentina Za and Sudip Kar-Gupta MILAN/PARIS (Reuters) – Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they…

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Luxottica and Essilor agree 46 billion euro merger to create eyewear giant

Trump threatens German carmakers with 35 percent U.S. import tariff

Shares in German carmakers BMW , Daimler and Volkswagen fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S. market. All three carmakers have invested heavily in factories in Mexico, where production costs are lower than the United

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Trump threatens German carmakers with 35 percent U.S. import tariff

Lockheed Martin CEO meets Trump, says deal to lower F-35 costs is close

Lockheed Martin Corp is close to a deal to significantly lower the cost of its F-35 aircraft, Chief Executive Officer Marillyn Hewson said on Friday after meeting with U.S. President-elect Donald Trump. “I certainly share his views that we need to get the best capability to our men and women in uniform, and we have to get it at the lowest possible price,” Hewson said to reporters in Trump Tower. Hewson had previously assured Trump she would drive down…

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Lockheed Martin CEO meets Trump, says deal to lower F-35 costs is close

EU, U.S. strike deal to boost transatlantic insurance market

The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. Under the deal, EU and U.S. authorities will lift requirements for reinsurers to hold more capital against risks if they operate from the other side of the Atlantic, eliminating one key hurdle for cross-border expansion. “This is a major deal that is set to benefit insurers, reinsurers and policy holders…

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EU, U.S. strike deal to boost transatlantic insurance market

Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

DETROIT/WASHINGTON (Reuters) – Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives …

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Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

Emission probes could widen beyond Renault in France: Minister

A judicial investigation into diesel emissions testing in France could widen beyond Renault after tests showed other carmakers had exceeded the authorized levels, the French environment minister said on Sunday, without elaborating. Shares…

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Emission probes could widen beyond Renault in France: Minister

Moody’s pays $864 million to U.S., states over pre-crisis ratings

Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the …

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Moody’s pays $864 million to U.S., states over pre-crisis ratings

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