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Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017
January 16, 2017 by admin · Leave a Comment
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
January 16, 2017 by elegant · 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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Samsung Group leader Lee arrives at South Korea prosecution office for questioning
January 12, 2017 by elegant · Leave a Comment
SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.
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Samsung Group leader Lee arrives at South Korea prosecution office for questioning
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Tribune gets $70.5 million investment from billionaire Soon-Shiong
May 23, 2016 by publisher · Leave a Comment
Tribune also rejected Gannett Co Inc's latest takeover offer, but said on Monday that it would allow the publisher of USA Today access to some confidential corporate information. Los Angeles-based Soon-Shiong, through his fund Nant Capital LLC, will hold about 12.9 percent in Tribune and join the publisher's board as vice chairman on June 2. Soon-Shiong, a South African-born surgeon, is part-owner of the Los Angeles Lakers basketball team and a founder of two drug companies, which…
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Tribune gets $70.5 million investment from billionaire Soon-Shiong
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Blackstone denies seeking to acquire Brazil mall operator
April 4, 2016 by admin · Leave a Comment
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA , denying a report published early in the day by newspaper O Globo. “We are not actively engaged in acquisition discussions for BR Malls,” Blackstone said in an emailed statement. The Brazilian newspaper, without citing sources for its information, said early Sunday that Blackstone had hired JP Morgan Chase & Co. to help it consider acquiring a controlling stake …
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Blackstone denies seeking to acquire Brazil mall operator