Trump comments hit shares in German car makers
Image copyright Getty Images Shares in German carmakers BMW, Volkswagen and Daimler have fallen after Donald Trump warned that cars built in Mexico would be taxed at 35% if they were exported to the US. The President-elect said he would advise car firms "not to waste their time and money" by building factories in Mexico.If BMW sold cars into the US they would have to pay 35% tax, he added.Mr Trump's comments were seen in Germany as a threat to all car firms. BMW shares fell by 1.4% in Fra..>> view originalWho are the 8 richest people? All men, mostly Americans
FILE - In this Tuesday, Dec. 13, 2016 file photo, Bill Gates arrives to Trump Tower in New York. The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Gates co-founded Microsoft in the mid-70s, growing it into the world’s biggest software company and helping to make computers a household item. (Seth Wenig, file/Associated Press) By Associated Press January 16 at 4:15 AM DAVOS, Switzerland — The eight indiv..>> view original(3rd LD) Arrest warrant sought for Samsung heir in corruption probe
(ATTN: ADDS new info in paras 9-11, 20-21)By Choi Soo-hyang SEOUL, Jan. 16 (Yonhap) -- Special prosecutors on Monday requested an arrest warrant for Lee Jae-yong, Samsung Group's de facto leader, on charges of bribery, embezzlement and perjury in connection with an influence-peddling scandal that led to President Park Geun-hye's impeachment. Lee, vice chairman of Samsung Electronics Co., is accused of giving or promising to give some 43 billion won (US$36.3 million) worth of bribes to Park'..>> view originalInvestors turn wary as Brexit, Trump uncertainty grows
LONDON Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risk.The dollar .DXY rose, except against the yen, rebounding after suffering its worst week since November, when it was hit by a lack of clarity over what Trump, whose inauguration is on Friday, will do once he assumes office.U.S. markets wer..>> view originalStark Inequality: Oxfam Says 8 Men as Rich as Half the World
The same report a year earlier said that the richest 62 people on the planet owned as much wealth as the bottom half of the population. However, Oxfam has revised that figure down to eight following new information gathered by Swiss bank Credit Suisse. Oxfam used Forbes' billionaires list that was last published in March 2016 to make its headline claim. According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of rankin..>> view originalWhat to Make of the 'Davos Class' in the Trump Era
And yet missing from these high-minded conversations have been meaningful challengers or critics of the underlying theme that was seemingly stipulated from the birth of this event 46 years ago: Globalization has the potential to benefit everyone. “Trump’s election victory is a clear indication that the majority of people are not interested in a world government, but want to return to a classical, local democracy,” John Mauldin, an economic researcher and author, recently wrote. “Strange as it m..>> view originalSaudi's flynas orders 60 Airbus A320neos, upgrades 20 more
By Nael Shyoukhi | RIYADH/DUBAI RIYADH/DUBAI Saudi Arabian budget carrier flynas is to buy 80 Airbus (AIR.PA) A320neo narrow body jets in a deal worth $8.6 billion that includes upgrading an earlier order, it said on Monday.The 80 A320neo order is valued at $8.6 billion, flynas Chairman Ayed Al Jeaid said at press conference in Riyadh on Monday.The order is for 60 A320neos and an upgrade of an existing order for 20 current model A320s to neos, an Airbus spokesman confirmed.The agreement also..>> view originalLuxottica Sees the Light in $54 Billion Deal
Even the most obvious of deals needs the stars to align. It has taken a long time for the spectacles industry to create a major player that makes both lenses and frames, despite the evident logic of combining the two. Now French lens-maker Essilor International SA and frame designer Luxottica Group SpA are merging to create a 51 billion euro ($54 billion) glasses giant. The deal is good for both sides -- especially Luxottica and its 81-year-old founder and 63 percent shareholder Leonardo Del Ve..>> view originalLiz Weston: Retirement advice from retired financial experts
FILE - This file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (Dylan Entelis/NerdWallet via AP, File) The Associated Press. By LIZ WESTON, NerdWallet. Most retirement advice has a flaw: It's ...>> view originalFirms Could Get a $12 Trillion Boost by Meeting These Goals, Davos Group Says
Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.The report, released on Monday by the Business and Sustainable Development Commission, said pressure on business to become a "responsible social actor" was likely to grow.The group was launched at the Davos 2016 World Economic Forum to encourage businesses to take t..>> view original
Sunday, January 29, 2017
Trump comments hit shares in German car makers and other top stories.
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