Month: January 2017

Singapore Wealth Fund Said to Hit Snag on Vietnam Deal Approval

Singapore sovereign fund GIC Pte has hit a snag as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said. The deal, originally expected to be completed by the end of 2016, hasn’t yet been approved by Vietnamese authorities, according to the people.

Trump Fears Fade, Emerging Market Stocks Heat Up

Emerging market exchange traded funds were among the worst hit in the wake of Donald Trump’s election day win, but the asset category has quickly rebounded in recent weeks, breaking back above their trends. For instance, the widely observed Vanguard FTSE Emerging Markets ETF is 6.9% higher and iShares MSCI Emerging Markets ETF is up 7.7% since the late December lows.

The Latest: In Davos, Trump adviser rebuts isolationism talk

John Cryan, Chief Executive Officer of Deutsche Bank, speaks during a panel session on the first day of the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 17, 2017. ( CEO of The Dow Chemical Company Andrew N. Liveris gestures as he speaks during a panel ‘Size matters: The Future of Big Business’ at the ‘World Economic Forum’ in Davos, Switzerland, Tuesday, Jan. 17, 2017.

BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world’s biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before BAT’s first offer was made public.

State telecom firm disputes FCC’s findings of misconduct

A telecommunications provider in Hawaii is denying claims by the federal government that it received more than $26 million in overpayments of federal subsidies over a decade. The Washington, D.C., law firm Venable LLP filed a petition this month on behalf of Sandwich Isles Communications Inc., reported The Honolulu Star-Advertiser.

Samsung Succession in Disarray as Lee Criminal Case Advances

The long-orchestrated plan to cement Jay Y. Lee’s position atop Samsung Group may put him in jail instead, raising questions about who would step in to run South Korea’s biggest conglomerate in the aftermath. Prosecutors are seeking Lee’s arrest on allegations including bribery and embezzlement, which if proven could prompt him to relinquish duties at the family business.

Internal document raises possibility of ‘Netflix tax’

A briefing note for MA lanie Joly, minister of Canadian Heritage, weighs the pros and cons of enforcing a sales tax on the digital services of foreign companies such as Netflix. The Liberal government is reviewing whether to enforce a so-called Netflix tax on the digital services Canadians buy from foreign-based firms over the internet.

Foxconn Billionaire Said to Assuage China About U.S. Plans

Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.

Deutsche Bank May Withhold 90 Percent of Bonuses, NY Post Says

Deutsche Bank AG may withhold bonuses from as many as 90 percent of its bankers and traders, the New York Post reported, citing unidentified people briefed on internal talks. Only the top 10 percent are expected to receive a bonus for 2016, and those payments may be spread out over the next five years, the newspaper said.

Obama: Here’s what surprised me most about being president

With one week left in office, President Barack Obama talked to CBS’s “60 Minutes” about his eight years in Washington. The interview, which aired on Sunday, gave a wide-ranging look at Obama’s biggest achievements and disappointments in office, and included lots of insights on what it meant to Obama to lead the US.

Legislator-911 dispatcher hopes to fix misdirected calls

To continue reading up to 10 premium articles, you must register , or sign up and take advantage of this exclusive offer: HARTFORD – Monroe state Rep. J.P. Sredzinski, a public safety dispatch supervisor, knows firsthand the challenges of fielding misdirected 911 emergency calls from cellphone users. While some calls are easily rerouted to the correct dispatch center, others become tricky when the person isn’t sure where he or she is located and the call has been routed through the nearest cellphone tower that may be in another community.

Concentrix: Tax credit claimants compensated

Tax credit claimants have received nearly A 87,000 in compensation after US contractor Concentrix mishandled their claims, an official report has found. The firm was hired to try and save more than A 1bn in incorrect or fraudulent tax credit payments, but saved less than a fifth of that target.

Vietnam’s Premier to Raise Foreign-Investor Caps on Banks

Vietnam will increase the limits of foreign ownership in banks as early as this year to quicken the overhaul of the nation’s banking system and further lure overseas investments to boost economic growth, Prime Minister Nguyen Xuan Phuc said. “We will raise the ceiling and will also expand access to the securities market” for foreign investors, Phuc said in an interview with Bloomberg Television’s Haslinda Amin at the Government Office in Hanoi on Friday.

Where Will Qualcomm Inc. Be in 10 Years?

But the next decade could be tougher for Qualcomm, which faces stiff competition in mobile chips and regulatory pressure to lower its royalty rates. Let’s take a closer look at how Qualcomm is addressing these challenges with new strategies, and where they might take the chipmaker over the next 10 years.

Foxconn’s Gou Said to Assuage China About U.S. Investment Plans

Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.

Samsung Succession in Disarray as Lee Criminal Case Advances

The long-orchestrated plan to cement Jay Y. Lee’s position atop Samsung Group may put him in jail instead, raising questions about who would step in to run South Korea’s biggest conglomerate in the aftermath. Prosecutors are seeking Lee’s arrest on allegations including bribery and embezzlement, which if proven could prompt him to relinquish duties at the family business.

My Shop: Kristin Baybars’ toy shop in London

Kristin Baybars has been making and selling toys for the past four decades from her self-named shop in Gospel Oak, London. Money has never been her motive but with more people shopping online, times are getting harder – and a housing development next door is adding to her woes.

Voice doctor

We can use them to sing, shout and whisper sweet nothings. We can use them to activate gadgets and prove who we are to banks .