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Samsung Group chief to be charged with bribery, embezzlement amid scandal

SEOUL South Korea's special prosecutor's office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country.

Recent Business News

China's 'glass king' to complete U.S. expansion despite Trump tensions

HONG KONG China's largest auto glass manufacturer, Fuyao Glass Industry Group , will press ahead with investments worth about $1 billion in the United States this year despite criticism at home amid growing China-U.S. tensions, the company's chairman said.

2:37am EST

Trump seeks 'historic' U.S. military spending boost, domestic cuts

WASHINGTON President Donald Trump is seeking what he called a "historic" increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military's needs. | Video

Snap expects some IPO investors to make year-long commitments

Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year.

Feb 27 2017

Exclusive: China eyes 12 percent broad money supply rise in 2017 - sources

BEIJING China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year's goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track.

12:09am EST

Starbucks bets on super premium 'Roastery' to lead Italy debut

LOS ANGELES Starbucks Corp is making a big bet on Italy, the home of espresso, with plans to debut in Milan late next year with a sprawling, super-premium Reserve Roastery in a turn-of-the-century post office building on Piazza Cordusio.

12:07am EST

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