January, 2017

• 11 January

  Turkey arrests 60 businessmen for alleged Gulen links

    ISTANBUL / AP Turkey’s state-run news agency says that 60 businessmen have been arrested for suspected ties to the movement allegedly responsible for the failed coup in July. Anadolu says that 110 businessmen were brought before an Istanbul court Wednesday to be formally arrested on charges of “membership in a terrorist organization.” Fifty of them were given conditional release, ...

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• 11 January

  China says committed to peace, stability in Asia

  

    BEIJING / AP China said on Wednesday it was committed to promoting peace and stability in Asia, even as it sent an aircraft carrier battle group through the Taiwan Strait amid heightened tensions between Beijing and the self-ruled island. The statement in the preface to a Cabinet report on China’s policies on Asia-Pacific security cooperation follows heated criticism from ...

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• 11 January

  Adding jobs would be a steep climb for Trump

  

    Donald Trump wants to be a great jobs president. But the forces that really affect employment are beyond his control — and they are working against him. Over the long run, when it comes to job growth, demographics is destiny. The Reagan and Clinton presidencies, so strong economically, coincided with the baby boomer generation being in its peak years. ...

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• 11 January

  Snapchat’s great British adventure

  

    Evan Spiegel, Snap. Inc.’s founder, has used his knack for sensing the zeitgeist to make Snapchat a hit among young people and entirely baffling to anyone over 30. The 26-year old has detected another trend as he plots Snap’s global expansion: lower tolerance for aggressive tax planning in Europe. Snap is setting up its European headquarters in London, which ...

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• 11 January

  How to deal with Trump’s cabinet

    Senate Minority Leader Chuck Schumer says President-elect Donald Trump’s cabinet nominees ‘need a thorough vetting.’ He’s right, but exactly what he and his colleagues mean by that won’t be clear until the Senate’s confirmation process begins this week. So here’s a suggestion: Its hearings will best serve the public interest by striving to clarify, not politicize. The constitutional requirement ...

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• 11 January

  Park scandal hampers Samsung’s Lee succession plan

    Samsung is getting sucked further into the vortex of South Korea’s influence-peddling scandal. Special prosecutors summoned Jay Y Lee, Samsung Electronics Vice Chairman, for questioning as a suspect in the bribery investigation. The scandal has already led to the impeachment of South Korea President Park Guen-hye. The questioning of the two top guys at Samsung Group had given the ...

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• 11 January

  Is the Brexit bulletin orderly or disorderly?

    Sign up to receive the Brexit Bulletin in your inbox, and follow @Brexit on Twitter. Theresa May was keen to stress on Monday she doesn’t ‘accept the terms hard and soft Brexit.’ Investors may need to move beyond them too, after spending much of 2016 trying to guess if the prime minister would go hard (by focusing on controlling ...

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• 11 January

  Alibaba’s consumer focus gets real

  

    Alibaba Group Holding Ltd.’s push further into bricks and mortar may be just in time. The Chinese e-commerce giant is leading a bid to take department store operator Intime Retail Group Co. private, according to a statement to the Hong Kong stock exchange. Alibaba and Intime’s founder Shen Guojun will pay HK$10 ($1.30) for the Intime shares they don’t ...

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• 11 January

  Holiday sales expose losers in a changing market

  

    Another holiday shopping season has passed, and though the rapid growth of online spending has been a well-told story for a number of years now, it’s worth highlighting the latest developments and what they mean for investors. Internet sales rose an estimated 15 percent, to 19 percent, from a year earlier, while those at traditional stores fell 10 percent ...

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• 11 January

  Asian shares extend gain before Trump speech; Japan rebounds

    Bloomberg Asian stocks extended gains to an 11-week high as metal producers surged. Japanese equities rose as the yen halted its advance against the greenback ahead of US President-elect Donald Trump’s first press conference since July. The MSCI Asia Pacific Index rose for a third day, adding 0.4 percent as of 4:57 p.m. in Hong Kong and set for ...

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