UPDATE 5-Angola hits ‘Princess’ dos Santos with asset freeze

LISBON/JOHANNESBURG/LAGOS () – Angola has frozen the assets of Isabel dos Santos, the billionaire daughter of the country’s previous leader, in a sign that President João Lourenço is taking a tougher line against the former first family. FILE PHOTO: Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos, speaks to journalists before […]

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UPDATE 4-Angola hits « Princess » dos Santos with asset freeze

LISBON/JOHANNESBURG () – Angola has frozen the assets of Isabel dos Santos, the billionaire daughter of the country’s previous leader, in a sign that President João Lourenço is taking a tougher line against the former first family. FILE PHOTO: Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos, speaks to journalists before […]

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UPDATE 1-Hudson’s Bay chairman considers sweetened bid for retailer

FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. /Chris Helgren() – Hudson’s Bay Co (HBC.TO) Chairman Richard Baker and his partners have approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid, a source familiar with the matter said on […]

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UPDATE 3-Warren warns ‘democracy hangs in the balance’ in New Year’s Eve speech

BOSTON () – Democratic presidential contender Elizabeth Warren sought to re-energize her White House campaign in a New Year’s Eve speech on Tuesday, warning that “democracy hangs in the balance” five weeks before nominating contests begin in early February. Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) delivers a speech, on the […]

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REFILE-UPDATE 1-Warren to ask Americans to ‘imagine something better’ in New Year’s Eve speech

BOSTON () – U.S presidential contender Elizabeth Warren will seek to bolster her flagging campaign in a New Year’s Eve speech on Tuesday, as the race for the Democratic nomination hurtles toward the first test before voters. FILE PHOTO: Senator Elizabeth Warren participates in an interview in the spin room after the sixth 2020 U.S. […]

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UPDATE 19-Ghosn says he escaped ‘injustice’ in Japan; Lebanon calls arrival a private matter

BEIRUT/TOKYO () – Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a “rigged” justice system in Japan, raising questions about how one of the world’s most-recognized executives had slipped away while on bail. Ghosn’s abrupt departure marks the latest twist in a year-old saga that has shaken the […]

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UPDATE 4-Tencent gets into global groove with stake in Vivendi’s Universal

PARIS/HONG KONG () – A Tencent-led consortium is taking a 10% stake in Vivendi’s Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. The deal allows both companies to expand in a recovering global music […]

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UPDATE 1-South Africa’s rand weathers risks to end 2019 higher, stocks down

(Adds latest figures) JOHANNESBURG, Dec 31 () – South Africa’s rand advanced on Tuesday, holding on to gains from previous sessions triggered by a global investor hunt for high yields and optimism over a breakthrough in trade standoff between China and the United States. At 1230 GMT, the rand was up 0.4% at 14.0650 after […]

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UPDATE 3-Tencent gets into global groove with stake in Vivendi’s Universal

PARIS/HONG KONG () – A Tencent-led consortium is taking a 10% stake in Vivendi’s Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. FILE PHOTO: A Tencent sign at the World Internet Conference in Wuzhen, […]

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UPDATE 17-Ghosn flees to Lebanon, says won’t be ‘held hostage’ by Japan’s justice system

BEIRUT/TOKYO () – Ousted Nissan boss Carlos Ghosn was in his childhood home of Lebanon on Tuesday after fleeing what he said was a “rigged” justice system in Japan, raising questions about how one of the world’s most-recognized executives slipped away while on bail. Ghosn’s abrupt departure marks the latest dramatic twist in a year-old […]

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Singapore’s GIC part of consortium investing in Vivendi’s Universal Music – source

LONDON, Dec 31 () – Singapore’s state investor GIC is part of the consortium led by China’s Tencent that’s buying up to 20% of Vivendi’s Universal Music Group (UMG), according to a source familiar with the deal. In announcing the deal on Tuesday, Vivendi said the other members of the group were “global financial investors” […]

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Britain’s energy price cap saved households £1 billion in 2019 – government

LONDON () – Britain’s cap on domestic energy prices saved customers around 1 billion pounds in 2019, but shopping around is still the best way to save money, the government said on Tuesday. FILE PHOTO: A farmer works in a field surrounded by electricity pylons in Ratcliffe-on-Soar, in central England, September 10, 2014. /Darren Staples […]

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UPDATE 15-Ghosn flees to Lebanon, says won’t be ‘held hostage’ by Japan’s justice system

BEIRUT/TOKYO () – Ousted Nissan boss Carlos Ghosn was in his childhood home of Lebanon on Tuesday after fleeing what he said was a “rigged” justice system in Japan, raising questions about how one of the world’s most-recognized executives slipped away while on bail. Ghosn’s abrupt departure marks the latest dramatic twist in a year-old […]

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UPDATE 1-Angola freezes assets of ex-president’s daughter in graft probe

LISBON/JOHANNESBURG () – An Angolan court has ordered the freezing of assets held by former president Eduardo dos Santos’ daughter, Isabel, her husband and a business associate as part of a corruption probe, a copy of the order seen by shows. FILE PHOTO: Isabel dos Santos, Chairwoman of Sonangol, speaks during a Newsmaker event in […]

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UPDATE 14-Ghosn flees to Lebanon, says won’t be ‘held hostage’ by Japan’s justice system

PARIS/TOKYO () – Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” system, raising questions about how one of the world’s most-recognized executives slipped out of Japan months before his trial. Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has […]

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HNA aims to reach a turning point in resolving liquidity risks next year – chairman

FILE PHOTO: HNA Group Chairman Chen Feng speaks during the Media Cooperation Forum on Belt and Road in Boao, Hainan province, China October 30, 2018. Picture taken October 30, 2018. /StringerBEIJING () – Indebted Chinese conglomerate HNA Group predicts 2020 will see a major turning point in its efforts to resolve liquidity risks, its chairman […]

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Angola freezes assets of ex-president’s daughter over corruption allegations

FILE PHOTO: Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos and head of state energy giant Sonangol, speaks during an interview in Luanda, Angola June 9, 2016. /Ed CropleyJOHANNESBURG () – An Angolan court has ordered the freezing of assets held by former president Eduardo dos Santos’ daughter Isabel, state news […]

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UK to raise National Living Wage by 6.2%, finance minister Javid says – The Sun

FILE PHOTO: Britain’s Chancellor of the Exchequer Sajid Javid delivers a statement at The Treasury in London, Britain, December 20, 2019. /Tom Nicholson () – Britain will increase the National Living Wage, a mandatory minimum wage, by 6.2% to 8.72 pounds per hour from April, finance minister Sajid Javid said in an article for The […]

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Britain says will raise minimum wage by more than 6% in 2020

LONDON () – Britain’s national minimum wage will rise by more than 6% next year, taking it to 8.74 pounds an hour, the government announced on Tuesday. FILE PHOTO: Britain’s Prime Minister Boris Johnson processes through the Central Lobby during the State Opening of Parliament at the Palace of Westminster in London, Britain December 19, […]

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MOVES-Head of PetroChina’s Singapore trading office set to leave

SINGAPORE, Dec 31 () – The head of PetroChina’s oil trading unit in Singapore will leave the company after serving nearly 26 years, two company officials told on Tuesday. Xia Hongwei, the managing director for both the Asian operations at PetroChina’s trading vehicle China National United Oil Corp, known as Chinaoil, and for PetroChina International […]

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China outbound M&A plummets to 10-year low on trade tensions, economic slowdown

HONG KONG () – China’s outbound mergers and acquisitions (M&As) clocked their weakest year in a decade in 2019, as an escalated U.S.-China trade war and tightened regulatory scrutiny of Chinese companies impacted appetite for overseas dealmaking. FILE PHOTO: An investor looks at computer screens showing stock information at a brokerage house in Shanghai, China […]

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UPDATE 12-Ex-Nissan boss Ghosn says he is in Lebanon, fleeing Japan’s « rigged » justice system

PARIS/TOKYO () – Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” justice system and raising questions about how one of the world’s most-recognized executives escaped Japan months before his trial. Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has […]

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GRAPHIC-From opioid deaths to student debt: A view of the 2010s economy in charts

() – The 2010s saw the U.S. economy achieve its longest-ever expansion, with notable milestones such as 110 months of uninterrupted job gains and an unemployment rate near a half-century low becoming easy bragging points for politicians and economists alike. FILE PHOTO: The skyline of lower Manhattan is seen before sunrise in New York City, […]

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