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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

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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

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Allergan’s revenue beats on higher U.S. brand sales

(Reuters) – Allergan Plc reported better-than-expected quarterly revenue, helped by strong performance in its U.S. brands segment, and said it continues to expect its takeover by Pfizer Inc to close in the second

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Allergan’s revenue beats on higher U.S. brand sales

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Honeywell, United Technologies held merger talks: CNBC

(Reuters) – Aerospace component suppliers Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. United Tech's shares, part of the Dow Jones industrial average , jumped 6.6 percent to $93.90 in afternoon trading, while Honeywell's dipped 1.2 percent after earlier rising to…

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Honeywell, United Technologies held merger talks: CNBC