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South Korea prosecutor seeks arrest of Samsung chief for bribery

January 16, 2017 by · Leave a Comment 

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

January 16, 2017 by · Leave a Comment 

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

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

January 16, 2017 by · Leave a Comment 

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