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Ford scraps plan for $1.6 billion plant in Mexico after Trump criticism

FLAT ROCK, Mich./WASHINGTON (Reuters) - Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan.
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China's outward investment tops $161 billion in 2016 - minister

BEIJING (Reuters) - China's non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao Hucheng said on Monday....
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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

NEW YORK/FRANKFURT (Reuters) - Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis....
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Asia stocks fall in Wall Street's wake, dollar holds below 14-year peak

SINGAPORE (Reuters) - Asian stocks retreated in subdued trade on Friday after Wall Street took a breather from its surge since the U.S. election, while the dollar hovered below the 14-year high set earlier this week....
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Credit Suisse agrees $5.3 billion U.S. mortgage settlement

ZURICH (Reuters) - Credit Suisse (CSGN.S) had agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday....
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US sues Barclays over crisis-era mortgage securities

Washington (AFP) - The US Justice Department sued the British financial giant Barclays on Thursday, accusing the bank of massive fraud in the sale of mortgage-backed securities which contributed to the global financial crisis of 2008....
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From Panama Papers to impeachments: 2016 rocked by corruption scandals

Panama City (AFP) - From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft....
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$2.6B contract awarded for Sandia National Labs management

ALBUQUERQUE, N.M. (AP) -- A subsidiary of Honeywell International has won a contract worth $2.6 billion to manage the sprawling New Mexico-based Sandia National Laboratories weapons and research laboratory that specializes in national security, nuclear weapons and other projects deemed vital for the U.S., federal officials announced Friday....
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IMF chief Christine Lagarde to stand trial over £340m payout to French tycoon

Lagarde was the French finance minister when the state awarded a £340m payout to Bernard Tapie in 2008....
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Amazon accused of threatening to sack workers for sick leave at its Scotland warehouse

Workers reportedly paid so low that some are forced to opt to camp outside the warehouse to save commuting costs....
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