Greece’s Eurobank gets green light for 2.9 billion euro share issue
ATHENS (Reuters) – Greece’s third-largest lender Eurobank got approval on Saturday from the country’s bank rescue fund, its main shareholder, for a 2.86 billion euro ($3.97 billion) share offering to plug a capital shortfall.
Anglo American seeks compensation from Venezuela
CARACAS (Reuters) – Anglo American is seeking compensation from Venezuela at a World Bank tribunal over the 2012 cancellation of mining concessions by late president Hugo Chavez’s government.
Billionaire Russian gas trader says U.S. sanctions a badge of honor
MOSCOW (Reuters) – Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kremlin following Russia’s annexation of Crimea, said being singled out by Washington was a badge of honor.
Ukraine suspends gas payments to Russia until talks conclude
KIEV (Reuters) – Ukraine’s state-run energy company Naftogaz has suspended gas payments to Russia until the conclusion of price talks, chief executive Andriy Kobolev was quoted as saying on Saturday.
U.S. proposes 30-year phase-out of tariffs on Japanese autos – Kyodo
TOKYO (Reuters) – The United States has proposed eliminating over 30 years its tariffs on Japanese motor vehicles but Japan rejected the proposal because the time period is unusually long, Kyodo News reported on Saturday.
Documents show GM’s early knowledge of switch defect
WASHINGTON/DETROIT (Reuters) – General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens of confidential documents released on Friday by a…
Stocks face earnings blues after tech selloff
NEW YORK (Reuters) – The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed next week.
Brazilian tycoon Batista faces insider trading probes
RIO DE JANEIRO (Reuters) – Eike Batista, who was Brazil’s richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities indus…
FBI conducting a probe into Herbalife: sources
NEW YORK/BOSTON (Reuters) – The FBI is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday.
G20 gives U.S. year-end deadline for IMF reforms
WASHINGTON (Reuters) – Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.
