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A general view of the lobby outside of the Carlyle Group offices in Washington

Carlyle to become largest shareholder in South Africa's Global Credit Ratings

Reuters - Carlyle Group has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency'…

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  • A general view of the lobby outside of the Carlyle Group offices in Washington
    Carlyle to become largest shareholder in South Africa's Global Credit Ratings Reuters

    Carlyle Group has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's …

    A general view of the lobby outside of the Carlyle Group offices in Washington

    Carlyle Group has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. Carlyle is set to buy around half of the equity in GCR from its management founders and German development finance …

  • Samsung chief faces long day as South Korean court weighs arrest warrant Reuters

    By Ju-min Park SEOUL (Reuters) - The head of South Korea's giant Samsung Group faces a long day in court on Wednesday as a judge decides whether he should be arrested for bribery in a corruption scandal …

    FILE PHOTO: Jay Y. Lee attends the 2015 HO-AM Prize ceremony in Seoul

    By Ju-min Park SEOUL (Reuters) - The head of South Korea's giant Samsung Group faces a long day in court on Wednesday as a judge decides whether he should be arrested for bribery in a corruption scandal that has engulfed President Park Geun-hye's administration. Investigators questioned Jay Y. Lee for 22 hours last week …

  • Pound quivers near three-month low, stocks weak before May's Brexit stance speech Reuters

    By Shinichi Saoshiro TOKYO (Reuters) - The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to …

    Women, dressed in ceremonial kimonos, stand in front of an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo

    By Shinichi Saoshiro TOKYO (Reuters) - The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will lose access to the single market. Speadbetters forecast …

  • Trump calls corporate tax border adjustment 'too complicated': WSJ Reuters

    (Reuters) - U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported …

    Presidente eleito dos EUA, Donald Trump, em Nova York

    (Reuters) - U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday. "Anytime I hear border adjustment, I don't love it", Trump told the newspaper in an interview …

  • Oil up on Saudi commitment to cut; U.S. output seen rising Reuters

    By Ethan Lou CALGARY, Alberta (Reuters) - Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. The …

    FILE PHOTO: A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

    By Ethan Lou CALGARY, Alberta (Reuters) - Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) …

  • Davos CEOs more bullish in short-term, politics clouds future Reuters

    A PricewaterhouseCoopers (PwC) survey of nearly 1,400 CEOs released on Monday, on the eve of the annual World Economic Forum in Davos, found that 29 percent expected global economic growth to pick up in …

    A worker prepares the logo of the World Economic Forum in the congress center of the annual meeting of the World Economic Forum (WEF) in Davos

    A PricewaterhouseCoopers (PwC) survey of nearly 1,400 CEOs released on Monday, on the eve of the annual World Economic Forum in Davos, found that 29 percent expected global economic growth to pick up in 2017, up from only 27 percent last year. Last year's outlook was particularly gloomy due to two years of falling oil …

  • Syngenta CEO expects regulatory approval for ChemChina deal soon: CNBC Reuters

    ZURICH (Reuters) - Syngenta Chief Executive Erik Fyrwald expects regulatory approval soon for ChemChina's proposed $43 billion takeover of the Swiss pesticides and seeds group, he said on Monday. "I …

    CEO Fyrwald of Swiss agrochemicals maker Syngenta addresses news conference in Basel

    ZURICH (Reuters) - Syngenta Chief Executive Erik Fyrwald expects regulatory approval soon for ChemChina's proposed $43 billion takeover of the Swiss pesticides and seeds group, he said on Monday. "I am very confident that we will finish the deal. We are making a lot of progress," he told broadcaster CNBC in …

  • Luxottica and Essilor in 46 billion euro merger to create eyewear giant Reuters

    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 eyewear powerhouse with annual …

    FILE PHOTO:  Sunglasses from Ray Ban are on display at an optician shop in Hanau

    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 eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe's largest cross-border tie-ups and brings …

  • Burberry's new CEO to join firm next week Reuters

    Marco Gobbetti, recruited last year from French brand Celine to be the new chief executive of Burberry , will start work next week and take on full responsibilities in July, the British luxury goods company …

    A customer walks in front of a Burberry store in central London

    Marco Gobbetti, recruited last year from French brand Celine to be the new chief executive of Burberry , will start work next week and take on full responsibilities in July, the British luxury goods company said on Monday. Italian Gobbetti was named as Christopher Bailey's successor as Burberry CEO last July but contractual …

  • Exclusive: China to target around 6.5 percent growth in 2017 - sources Reuters

    By Kevin Yao BEIJING (Reuters) - China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting …

    FILE PHOTO: Apartment blocks are pictured on a hazy day in Wuqing district of Tianjin

    By Kevin Yao BEIJING (Reuters) - China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks. The proposed target was endorsed by top leaders at the closed-door …

  • China's Xi says Chinese economy to keep growing steadily Reuters

    By Tom Miles BERN (Reuters) - China's economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday. "We are confident" Xi said, …

    Chinese President Xi Jinping addresses the media during an official visit in Bern

    By Tom Miles BERN (Reuters) - China's economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday. "We are confident" Xi said, adding that there were headwinds facing the global economy, which is still weak. "Overall China's economy is performing …

  • Airbus CEO sees 'flying car' prototype ready by end of year Reuters

    Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus last …

    Airbus Group Chief Executive Tom Enders speaks during a news conference on the aerospace group's annual results, in London

    Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus last year formed a division called Urban Air Mobility that is exploring concepts such as a vehicle to transport individuals …

  • Profit growth pickup could justify Wall Street rally Reuters

    By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, …

    A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

    By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations. Fresh from a year-long decline in quarterly …

  • South Korea prosecutor seeks arrest of Samsung chief for bribery Reuters

    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 …

    Samsung Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in Seoul

    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 …

  • JPMorgan upgrades Indonesian stocks to 'neutral' after row Reuters

    By Gayatri Suroyo and Hidayat Setiaji JAKARTA (Reuters) - JPMorgan Chase & Co upgraded its investment recommendation on Indonesian stocks to "neutral" from "underweight" on Monday, partially reversing …

    The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles

    By Gayatri Suroyo and Hidayat Setiaji JAKARTA (Reuters) - JPMorgan Chase & Co upgraded its investment recommendation on Indonesian stocks to "neutral" from "underweight" on Monday, partially reversing a move it made in November that upset the government. Indonesia cut its business ties with JPMorgan after the U.S. investment …

  • JPMorgan looks for big payoff from lead in deposit race Reuters

    By David Henry NEW YORK (Reuters) - Over the past five years, stock analysts have challenged JPMorgan Chase & Co executives for keeping so many branches open as customers did more and more banking online. …

    JP Morgan Chase & Co sign outside headquarters in New York

    By David Henry NEW YORK (Reuters) - Over the past five years, stock analysts have challenged JPMorgan Chase & Co executives for keeping so many branches open as customers did more and more banking online. JPMorgan has grown deposits over the last five years faster than major competitors and twice as fast as the industry, …

  • Australia government, Alcoa say making progress in aluminum smelter talks Reuters

    Plans to provide government support to keep open a 30-year-old aluminum smelter in Australia owned by Alcoa have made "progress", parties involved in talks said on Monday without giving details. The …

    File photo shows an Alcoa aluminum plant in Alcoa, Tennessee

    Plans to provide government support to keep open a 30-year-old aluminum smelter in Australia owned by Alcoa have made "progress", parties involved in talks said on Monday without giving details. The government is offering financial support to help supply the Portland smelter in southern Australia with sufficient power …

  • Sterling skids on Brexit worry; investors await Trump clarity Reuters

    By Wayne Cole SYDNEY (Reuters) - Sterling slid to three-month lows in Asia on Monday with investors again spooked by concerns over Britain's exit from the European Union, while U.S. policy uncertainty …

    People are reflected in a display showing the Nikkei average and the NASDAQ average of the U.S outside a brokerage in Tokyo

    By Wayne Cole SYDNEY (Reuters) - Sterling slid to three-month lows in Asia on Monday with investors again spooked by concerns over Britain's exit from the European Union, while U.S. policy uncertainty lingered ahead of President-elect Donald Trump's inauguration. Dealers said the market was reacting in part to a report …

  • Davos elites struggle for answers as Trump era dawns Reuters

    By Noah Barkin DAVOS, Switzerland - The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown …

    A Davos logo is seen before the annual meeting of the World Economic Forum (WEF) in Davos

    By Noah Barkin DAVOS, Switzerland - The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. Beneath the veneer of optimism over the economic outlook …

  • Oil prices will be much more volatile in 2017: IEA Reuters

    By Nawied Jabarkhyl and Maha El Dahan ABU DHABI (Reuters) - Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts …

    FILE PHOTO: An employee pumps petrol into a car at a petrol station in Hanoi

    By Nawied Jabarkhyl and Maha El Dahan ABU DHABI (Reuters) - Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) said on Sunday. "I would expect …