Sunday, January 22, 2017

Wall St Week Ahead-Optimism among S&P 500 CEOs as Trump takes power

SAN FRANCISCO, Jan 20 (Reuters) - U.S. President Donald

Trump's administration is only hours old, but already a small

parade of S&P 500 companies' chiefs have voiced optimism that

his promised tax cuts, stimulus spending and deregulation will

boost corporate profits.

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UPDATE 2-China Moly to help BHR acquire stake in Congo's Tenke copper mine

KINSHASA, Jan 22 (Reuters) - China Molybdenum Co Ltd (CMOC)

said on Sunday it had signed an agreement with

Chinese private equity firm BHR to support BHR's acquisition of

a 24 percent stake in Democratic Republic of Congo's massive

Tenke copper mine.

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UPDATE 1-Foxconn CEO says investment for display plant in U.S. would exceed $7 bln

* Has considered plan for years; leaked by Softbank in

December

(Adds further comment from Foxconn CEO)

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China Moly to help BHR acquire stake in Congo's Tenke copper mine

KINSHASA, Jan 22 (Reuters) - China Molybdenum Co Ltd (CMOC)

said on Sunday that it has signed an agreement with

Chinese private equity firm BHR to support BHR's acquisition of

a 24 percent stake in Democratic Republic of Congo's giant Tenke

copper mine.

Read more

INSIGHT-Crumbling lira pressures Turkish retailers as economy slows

ISTANBUL, Jan 22 (Reuters) - Turkish businessman Tekin Acar

had contracts to open branches of his leading cosmetics chain in

ten new shopping malls this year. A few days ago he cancelled

nine of them after sharp falls in the lira meant he would

struggle to afford the rents.

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Foxconn CEO says investment for display plant in U.S. would exceed $7 bln

TAIPEI, Jan 22 (Reuters) - Foxconn, the world's largest

contract electronics maker, is considering setting up a

display-making plant in the United States in an investment that

would exceed $7 billion, company chairman and chief executive

Terry Gou said on Sunday.

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UPDATE 1-Iraq announces sale of $1 bln in bonds guaranteed by U.S.

BAGHDAD, Jan 22 (Reuters) - Iraq announced the sale of $1

billion in bonds guaranteed by the United States, paying an

interest of 2.1 percent, far below the 9 percent yield on the

country's non-guaranteed debt.

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