SEOUL / AP South Korean prosecutors are attempting for a second time to arrest Samsung’s de facto leader, who faces bribery allegations in connection with a massive political scandal. Special prosecutors investigating the influence-peddling scandal that led to the impeachment of the president said on Tuesday they have asked a court to issue an arrest warrant for Lee Jae-yong, ...

  SATTAHIP / AP The highest-ranking US official to visit Thailand since a 2014 coup urged the country to restore democracy while reaffirming the partnership between the two nations, saying Tuesday that America needs “a strong and stable ally” in Southeast Asia. Adm. Harry B. Harris, the head of the U.S. Pacific Command, spoke at the start of the annual ...

  Reuters Corporate earnings and other news from companies in Dubai helped that market rise on Tuesday, while Abu Dhabi was supported by earnings at Union National Bank and an arbitration judgement in favour of Dana Gas. Dubai’s index rose 0.4 percent as Drake & Scull climbed 6.9 percent after slumping by as much as 8 percent in the opening ...

  Bloomberg Treasuries fell, US stocks slipped from records and the dollar rose after Janet Yellen reiterated her view that further tightening is warranted if the economy maintains its growth trajectory. The yield on the 10-year Treasury note added four basis points after the Federal Reserve chair’s testimony that more interest-rate increases will be appropriate if the economy meets the ...

  Bloomberg The world’s biggest banks are poised to warn investors that President Donald Trump has the potential to roil global markets and impact their firms by redrawing regulations and limiting the free movement of employees, according to people familiar with the matter. US and UK banks are considering adding to their risk disclosures or beefing up particular sections in ...

  Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in ‘a reasonably strong position in an attractive market,’ the rest are on less solid ground ...

  Bloomberg Apple Inc. shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed less than 1 percent to $133.29 at the close in New York, the highest on record. The increase valued Apple at about $699 billion, making it the world’s most highly capitalized ...

  Emirates Business ZOOM, ENOC’s convenience store brand, was recently declared winner in the best international design category at the 11th Annual Store Design Contest organised by Convenience Store News, the industry leading magazine in the United States for its 1,250 square feet store in the iconic Burj Khalifa. The store, designed in-house at ENOC exclusively for the world’s most ...

  Bloomberg Delta Air Lines Inc. boosted its offer for a stake in Grupo Aeromexico SAB to 53 pesos a share, raising the price after President Donald Trump’s election weakened the Mexican currency. The increase from the previous level of 43.59 pesos is due to “interim exchange rate movements and other factors,” the two airlines said in a statement . ...

  AP / Bloomberg Credit Suisse more than halved its fourth-quarter loss compared with a year earlier, the bank said on Tuesday, amid a “challenging” global market and continued cost cuts, after striking a multibillion-dollar settlement with U.S. regulators. The Zurich-based bank said it had set aside about $2 billion in the quarter to help pay for what became a ...