World Bulletin / News Desk
It emerged Wednesday afternoon that Samsung Vice Chairman Lee Jae-yong has been summoned to appear at 9.30 a.m. (0030GMT) on bribery claims -- a special probe team spokesperson admitted at a press briefing there is a possibility of seeking an arrest warrant.
Lee already appeared before prosecutors in November and then at a televised parliamentary hearing a month later on Dec. 6.
He has denied buying any favors, but allegations have persisted because of suspicions surrounding the state-run pension fund’s support for a Samsung merger in 2015.
Since taking over from state prosecutors last month, independent investigators have been building a case against Samsung for financially supporting the suspended president’s now notorious private confidante Choi Soon-sil.
Lee will be grilled about his company’s apparent 22 billion won ($18.4 million) contract with a German company under the ownership of Choi and her daughter Chung Yoo-ra -- an equestrian star who was caught hiding in Denmark on New Year’s Day after leaving her base in Germany.
With Samsung Chairman Lee Kun-hee still in hospital following a heart attack in 2014, his son and heir apparent will also have to deal with his own admission that the conglomerate gave Chung a horse worth 1 billion won ($837,000) as well as large donations to nonprofit foundations linked to Choi allegedly at the request of the president.
This has all done little harm to Samsung Electronics’ performance, which reached a new record-high on the local stock index Wednesday, having last week announced an expected fourth-quarter operating profit of 9.2 trillion won ($7.7 billion).
Nobel Ilac will use the loan to expand production and improve quality of medicines
The company said the deal would make Total the second-largest operator in the North Sea, with substantial operations in Britain, Norway and Denmark.
Volatility eased as traders focused on the world economy and corporate earnings after a week dominated by the dramatic spike in tensions over North Korea, which triggered a global sell-off before prices bounced back Monday.
Investors greeted the more conciliatory tone after US stocks dropped three days in a row last week on President Donald Trump's vow of "fire and fury" if North Korea continued to pursue its nuclear weapons and ballistic missile programs.
The ultra-conservative kingdom has moved to diversify its traditionally oil-dependent economy following a sharp fall in crude prices.
In its monthly report on the global oil market, the International Energy Agency said, however, that it believes the supply glut is easing, partly because demand is growing faster.
US stocks have been in retreat since President Donald Trump Tuesday issued a fiery warning to North Korea to halt its nuclear program.
The move by one of Japan's best-known firms greatly reduces the chance of an embarrassing delisting from the Tokyo Stock Exchange (TSE).
London's benchmark FTSE 100 index weakened by 0.5 percent to 7,503.39 points.
The approval by the European Commission comes just over two months after the European Central Bank -- which took on the role of the eurozone's banking supervisor in 2014 -- allowed the sale to go ahead for a symbolic fee of one euro.
BP, Chevron, ExxonMobil, Shell and Total have all published results in recent days, showing they pocketed $23 billion in net profit in the first half fo the year.
Higher cereal, sugar and dairy prices pushed food price index by 10.2 percent annually in July