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Peru’s President Kuczynski says may sue Odebrecht

Peruvian president Pedro Pablo Kuczynski said on Saturday that he is evaluating the possibility of suing Brazilian construction firm Odebrecht [ODBES.UL] for damages after the company admitted to using bribes to secure public contracts in the Andean nation. Odebrecht, Latin America's largest construction outfit, acknowledged in a U.S. settlement earlier in December to having doled out hundreds of millions of dollars in bribes to public officials in 12 nations. Without doubt one of them is that, but it has to …

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Peru’s President Kuczynski says may sue Odebrecht

Luminar: The only photo-editing tool most Mac users need

Mac users seeking a powerful photo-editing tool that's capable of transforming average images should try Macphun's bargain-priced Luminar.

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Luminar: The only photo-editing tool most Mac users need

China policymakers pledge stability for ‘complex’ year ahead

China's economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year. The central bank – while reaffirming a…

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China policymakers pledge stability for ‘complex’ year ahead

Tesla owner files lawsuit in California claiming sudden acceleration

Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner's living room, injuring the driver and a passenger. The Model X owner, Ji Chang Son, said that one night in September, he slowly pulled into his driveway as his garage door opened when the car suddenly sped forward. It cites seven other complaints registered in a database compiled by the National Highway Traffic Safety …

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Tesla owner files lawsuit in California claiming sudden acceleration

Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies “Cars” and “Cars 2”, the official Xinhua news agency reported on Saturday. The ruling is the latest in a slew of intellectual property wins for large foreign firms, who have complained about widespread copyright infringement in China. Disney and Pixar took the Chinese firms to court saying the characters, titles and posters from local animation “The Autobots” were substantially similar…

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Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

U.S. dollar posts 2016 gain on Trump victory, Fed forecasts

The dollar index , which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since the Nov. 8 U.S. presidential election on expectations that U.S. President-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. A faster projected pace of rate hikes from the Federal Reserve next year also contributed.

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U.S. dollar posts 2016 gain on Trump victory, Fed forecasts

China’s Midea receives U.S. green light for Kuka takeover

China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. “The United …

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China’s Midea receives U.S. green light for Kuka takeover

Foxconn joint venture to build $8.8 billion LCD plant in China

A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing

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Foxconn joint venture to build $8.8 billion LCD plant in China

FTC seeks more info on Bass Pro-Cabela’s deal

(Reuters) – U.S. fishing and hunting equipment retailer Cabela's Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela's shares were down 7.6 percent at $56.98

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FTC seeks more info on Bass Pro-Cabela’s deal

Oil down, but ends year with biggest gain since 2009

U.S. benchmark West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.1 percent, at $53.72 a barrel, while Brent fell 3 cents, or 0.1 percent, to $56.82. Oil prices have slumped since

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Oil down, but ends year with biggest gain since 2009

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