Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Indonesian Tycoon Tahir Says Keen To Buy Stanchart’s Permata Stake

JAKARTA: Indonesian tycoon Tahir said on Monday he is interested in buying Asia-focused lender Standard Chartered Plc’s entire stake in Indonesia’s PT Bank Permata Tbk.

Read more: Indonesian Tycoon Tahir Says Keen To Buy Stanchart’s Permata Stake

Philip Morris Jolted By Indian Proposal To Ban Foreign Tobacco Investment

NEW DELHI: Philip Morris International is fighting to keep a toehold in India’s $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters.

Read more: Philip Morris Jolted By Indian Proposal To Ban Foreign Tobacco Investment

Allianz Economy Adviser Says Strong U.S. Dollar Biggest Risk In 2017

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.

Read more: Allianz Economy Adviser Says Strong U.S. Dollar Biggest Risk In 2017

Luxottica, Essilor Agree 46-Billion Euro Merger To Create Eyewear Giant

Italy's Luxottica (LUX.MI) and France's Essilor (ESSI.PA) have agreed a 46-billion euro ($49 billion) merger deal to create a global powerhouse in the eyewear industry with revenues of more than 15 billion euros, they said in a statement on Monday.

Read more: Luxottica, Essilor Agree 46-Billion Euro Merger To Create Eyewear Giant

Asia's Oldest Stock Exchange BSE May Raise $182 Million In IPO

Indian stock exchange BSE Ltd's initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million) for its investors, based on the indicative price range for the sale announced on Monday.

Read more: Asia's Oldest Stock Exchange BSE May Raise $182 Million In IPO

U.S. Profit Growth Pickup Could Justify Wall Street Rally

U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations.

Read more: U.S. Profit Growth Pickup Could Justify Wall Street Rally

Businesses Can Unlock $12 Trillion Via Key Development Goals: Davos Study

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.

Read more: Businesses Can Unlock $12 Trillion Via Key Development Goals: Davos Study

World's Eight Richest As Wealthy As Half Humanity, Oxfam Tells Davos

Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top.

Read more: World's Eight Richest As Wealthy As Half Humanity, Oxfam Tells Davos

Maybank Proposal To Sell WOM Seen As Good Move

PETALING JAYA: Analysts are positive on Malayan Banking Bhd’s (Maybank) proposal to dispose of its entire stake in Indonesia-listed WOM Finance, as the group will be able to further streamline its Indonesia’s operation, that has been hit by asset quality issues for several years.

Read more: Maybank Proposal To Sell WOM Seen As Good Move

Samsung Electronics Probe Finds Battery Was Main Cause Of Note 7 Fires: Source

Samsung Electronics Co Ltd's investigation into what caused some Galaxy Note 7s to catch fire has concluded that the battery was the main reason, a person familiar with the matter told Reuters on Monday.

Read more: Samsung Electronics Probe Finds Battery Was Main Cause Of Note 7 Fires: Source