Nomura, RBS face U.S. mortgage trial; $1 billion damages at stake
NEW YORK (Reuters) – A U.S. housing regulator is set to take two of the world’s biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 e…
Europe holds onto gains from ‘game-changing’ week
LONDON (Reuters) – European equities were set for a sixth straight week of gains on Friday, fuelled by a dramatic slide in the euro on the back of the European Central Bank’s bond-buying plan that has kept euro zone yields near record lows.
Its red shirts fading, Venezuela’s oil giant embraces pragmatism
CARACAS/HOUSTON (Reuters) – A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela’s troubled economic engine, giant oil firm PDVSA.
Giant Japanese oven gives Boeing room to ramp up 787 output
NAGOYA, Japan (Reuters) – Kawasaki Heavy Industries Ltd opened a plant on Friday with an oversized kiln to bake and harden carbon fiber aircraft fuselage sections, giving it capacity to surpass Boeing Co’s production targets for the 787 Dreamliner.
In rare sign of dissent, investor calls for change at South Korea’s Hyundai Motor
SEOUL (Reuters) – A major investor in Hyundai Motor Co on Friday urged the automaker to improve its governance, as shareholders met for the first time since the Hyundai group paid $10 billion for a piece of real estate in a widely criticized deal.
Sharp says no plans to exit solar battery, home LED businesses
TOKYO (Reuters) – Loss-making Sharp Corp said on Friday it is not considering exiting the solar battery or home-use LED businesses, denying a Mainichi newspaper report it will withdraw from those operations as part of its restructuring.
Intel cuts revenue forecast as desktop demand weakens
(Reuters) – Intel Corp slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker’s shares down more than 5 percent.
Wall St. bounces back in broad rally; bank shares gain
NEW YORK (Reuters) – U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar’s recent rally and tempered the outlook for interest rates.
Argentina dealt setback by U.S. judge over Citigroup bond payments
NEW YORK (Reuters) – A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country’s law, a defeat for the cash-strapped nation as it attempts to re-enter international debt markets…
Intel cuts revenue forecast as desktop demand weakens
(Reuters) – Intel Corp slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker’s shares down more than 5 percent.
