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South Korea Seeks Arrest Of Samsung Chief For Bribery, Embezzlement And Perjury

South Korea Seeks Arrest Of Samsung Chief For Bribery, Embezzlement And Perjury

South Korea political crisis spilled over into the corporate sector overnight, when the country's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of impeached President Park Geun-hye.

Samsung Electronics vice chairman Jay Y. Lee

Ray-Ban Maker Luxottica To Merge With French Esilor, Creating $49 Billion Eyewear Giant

Ray-Ban Maker Luxottica To Merge With French Esilor, Creating $49 Billion Eyewear Giant

The US may be closed, but nothing stands in the way of merger Monday, which today struck in Europe with the announcement that Italy's Ray-Ban maker, Luxottica, and France's lens company Essilor agreed to a €46 billion ($49 billion) merger to create a global eyewear giant with annual revenue of more than €15 billion.

The deal, one of Europe's largest cross-border tie-ups, brings together Luxottica, the world's top spectacles maker with brands such as Oakley and Ray-Ban, with Essilor, the world's leading manufacturer of ophthalmic lenses.

Tumbling Pound Rattles Global Markets; Chinese Stock Slide Forces Government Intervention

Tumbling Pound Rattles Global Markets; Chinese Stock Slide Forces Government Intervention

While US markets take the day off for MLK holiday, the rest of the trading world has been busy, perhaps nowhere more so than the sterling which continued its volatile session in advance of May's pre-hard Brexit speech, falling below $1.20 for the first time since October after the Sunday Times said May is ready to withdraw from tariff-free trade with the region in return for the ability to curb immigration and strike commercial deals with other countries.

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