U.S. judge sets March hearing over Citi processing of Argentine bond payments
NEW YORK (Reuters) – A U.S. judge has scheduled a March 3 hearing over whether Citigroup Inc can process interest payments by Argentina on bonds issued under its local laws following its 2002 default.
Oil down almost 10 percent in two days as hunt for bottom continues
NEW YORK (Reuters) – Global oil markets on Tuesday slumped for a fourth straight session as mounting worries about a supply glut pressured crude prices, which have fallen almost 10 percent this week to their lowest since spring 2009.
Barclays ‘bad bank’ chief to retire later this year: Sky News
(Reuters) – British bank Barclays Plc’s non-core business head Eric Bommensath will retire and leave later this year after 17 years at the institution, according to a report by Sky News.
Germany, France take calculated risk with Grexit talk
BERLIN/PARIS (Reuters) – Evoking a possible Greek exit from the euro zone, Germany and France are taking a coordinated and calculated risk in the hope of averting a leftist victory in Greece’s general election on Jan. 25.
Boeing sets industry record for 2014 deliveries
(Reuters) – Boeing Co said on Tuesday that it delivered 723 jetliners in 2014, setting an industry record and retaining its title as the world’s biggest plane maker in 2014, besting rival Airbus Group .
Coach adds luxury shoes to offerings with Stuart Weitzman buy
(Reuters) – Coach Inc will buy women’s luxury footwear company Stuart Weitzman Holdings LLC, as it looks to expand its high-end offerings to better compete with fast-growing rivals such as Michael Kors Holdings Ltd and Kate Spade & Co .
U.S. services industry, factory data point to slower growth
WASHINGTON (Reuters) – Growth in the U.S. services sector braked in December and new orders for manufactured goods fell for a fourth straight month in November, signs the economy lost some momentum in the fourth quarter.
Germany, France take calculated risk with Grexit talk
BERLIN/PARIS (Reuters) – Evoking a possible Greek exit from the euro zone, Germany and France are taking a coordinated and calculated risk in the hope of averting a leftist victory in Greece’s general election on Jan. 25.
UK banks urge regulator to speed up ringfencing rules
LONDON (Reuters) – Britain’s banks have asked the financial regulator to speed up finalizing new rules to protect their retail customers from riskier parts of their operations to enable them to meet a 2019 deadline.
NYC grabs back top spot for global property investors
(Reuters) – New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday.
