Citigroup loses appeal over Abu Dhabi fund’s arbitration
NEW YORK (Reuters) – Citigroup Inc on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund’s $7.5 billion investment in late 2007 to shore up the then-struggling bank….
Exclusive: Deutsche Bank mulls retail float, tie with foreign banks – source
FRANKFURT (Reuters) – Deutsche Bank is considering splitting off its retail division and listing it on the stock exchange should German lawmakers approve measures forcing banks to isolate risky trading activities, a person with knowledge of the discuss…
Copper tumble risks hampering Glencore’s takeover ambitions
LONDON (Reuters) – A sudden plunge in the price of copper pulled the shares of global miner Glencore to their lowest level on record on Wednesday and risks frustrating any intention to make a fresh move on larger rival Rio Tinto.
Apple, Google reach new deal to end U.S. lawsuit over poaching
SAN FRANCISCO (Reuters) – Four Silicon Valley companies including Apple Inc and Google Inc have agreed to a new settlement that would resolve an antitrust class action lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each …
U.S. mortgage applications surge; 30-year rate below 4 percent: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages surged by the most in more than six years last week as 30-year mortgage rates dropped below 4 percent for the first time since May 2013 on the back of falling U.S. government bond yields, data f…
Apple sues Ericsson over LTE wireless telecom patents
(Reuters) – Apple Inc sued Ericsson alleging that the Swedish company’s LTE wireless technology patents are not essential to industry cellular standards and that it is demanding excessive royalties for these patents.
McDonald’s Japan says plastic in McNugget not linked to Thai plant
TOKYO (Reuters) – The operator of McDonald’s in Japan and Cargill Inc have not discovered any link between a Cargill-owned plant in Thailand and a strip of plastic found in a chicken nugget this month that sparked uproar over product safety at the fast…
Global markets dive on gloomy growth outlook
LONDON (Reuters) – Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fuelling fears that the benefits of cheaper oil may be offset by anaemic economies and the threat of deflation.
Exclusive: Goldman writedown of Portugal loan hurts profit, bonuses
NEW YORK (Reuters) – Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank’s profit and some employees’ bonuses, people familiar with the matter told Reuters.
U.S. crude to regain Brent premium, briefly, on storage bid
NEW YORK (Reuters) – For only the third time since 2010, U.S. benchmark West Texas Intermediate crude traded at a premium to global marker Brent on Monday, restoring for a few brief moments what was once the normal hierarchy of the world oil market.
