U.S. mortgage applications rise in latest week : MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday.
RBS settles copyright lawsuit after U.S. judge blocks software’s use
NEW YORK (Reuters) – Royal Bank of Scotland Group Plc said on Wednesday it had reached a settlement allowing it to use a key piece of software in its trade finance business that a U.S. judge had prevented the bank from using due to copyright infringeme…
Infineon poised to buy U.S. chipmaker – source
FRANKFURT (Reuters) – Germany’s Infineon is poised to buy a U.S.-based semiconductor company for about $2 billion, a person close to the deal told Reuters on Wednesday.
StanChart’s $300 million fine raises heat on board
NEW YORK/LONDON (Reuters) – A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank’s board, coming after a series of transgressions and a drop in earnings that had already prompted calls fo…
Infineon nears $2 billion U.S. semiconductor deal : Bloomberg
FRANKFURT (Reuters) – Germany’s Infineon is nearing a deal to buy a U.S.-based semiconductor company for about $2 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.
Argentina aims to skirt U.S. court, bring debt under national law
BUENOS AIRES (Reuters) – President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting a U.S. ruling that prevented her government fr…
StanChart penalty a blow for Hong Kong as city looks to clean up image
HONG KONG (Reuters) – Hong Kong’s de facto central bank moved to defend itself on Wednesday after a New York regulator penalized Standard Chartered Plc for what it described as anti-money laundering failings in its United Arabs Emirates and Hong Kong b…
Alaska oil tax supporters fending off repeal efforts
JUNEAU Alaska (Reuters) – Alaska voters looked on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips , BP Plc and Exxon Mobil Corp .
Canada’s Couche-Tard makes short-list in $16 billion Sinopec unit sale: sources
HONG KONG/BEIJING (Reuters) – Canadian retailer Alimentation Couche-Tard Inc and China’s Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people f…
Citigroup seeks to exit Japanese retail banking : source
TOKYO (Reuters) – Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anemic lending.
