Argentina agrees $217 million arbitration deal with energy companies
BUENOS AIRES (Reuters) – Argentina has agreed to pay $217 million to two energy companies in long-standing arbitration cases stemming from its 2001/02 economic crisis, part of the center-right government’s efforts to lure back foreign investors.
Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources
(Reuters) – Berkshire Hathaway Inc Chairman Warren Buffett is backing a consortium vying for Yahoo Inc’s internet assets that includes Quicken Loans Inc founder Dan Gilbert, people familiar with the matter said on Friday.
China April economic activity data disappoints, hiking recovery doubts
SHANGHAI/BEIJING (Reuters) – China’s investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world’s second-largest economy is stabilizing.
China orders banks to clear hurdles slowing private sector lending: sources
SHANGHAI, May 14 (Reuters) – – China’s banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about tor…
Panama airport places $575 million bond after probe hits issue
PANAMA CITY (Reuters) – Panama City’s main airport said on Friday it had successfully placed a $575 million bond after a company forming a major source of income for the hub became embroiled in a money-laundering probe, prompting the issue to be restru…
Tesla taps Audi executive as vice president of vehicle production
(Reuters) – Tesla Motors Inc said on Friday it hired Volkswagen executive Peter Hochholdinger as its vice president of vehicle production.
New York Fed defends fund transfer after Bangladesh heist
(Reuters) – After an $81 million cyber heist at the Bangladesh central bank, the Federal Reserve Bank of New York said there was no problem with its procedures for approving fund transfers, according to a letter released on Friday by a U.S. lawmaker wh…
S&P seen failing in reach for year-old record
NEW YORK (Reuters) – As the anniversary of the S&P 500’s high mark approaches, the benchmark U.S. stock index’s latest rally has stalled and failed to breach a key level, prompting some calls for sell-offs, at least in the short term.
China complains to WTO that U.S. fails to implement tariff ruling
WASHINGTON (Reuters) – In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range …
Wall Street drops at end of tough week for retailers
(Reuters) – U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data.
