UAE, Abu Dhabi roll over $20 billion of Dubai’s debt
DUBAI (Reuters) – Abu Dhabi and the central bank of the United Arab Emirates have agreed to refinance $20 billion of debt that was extended to the Dubai government as emergency aid during its financial crisis and comes due this year, the state news age…
Bargain retail lifts U.S. shopping centers as big names stumble
BOSTON (Reuters) – Bargain store chains are flooding into North American malls and shopping centers like never before, upstaging old mainstays like J.C. Penney and Sears that are reeling from the one-two punch of an ailing economy and competition from …
Credit Suisse’s German offices searched in insider trading probe
(This March 15 story Corrects Credit Suisse RIC to CSGN.VX instead of MLPN.P)
Alibaba picks U.S. for IPO; in talks with six banks for lead roles
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering …
Coal, gas or nuclear? Power-hungry South Africa must decide now
JOHANNESBURG (Reuters) – On paper, South Africa’s long-term energy plans look solid, with coal, nuclear, gas and renewables all viable options.
Banking’s back room risk cops step into top jobs
LONDON (Reuters) – Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world – their status and salaries soaring as regulators force financial institutions to clean up.
Japan’s Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses
(Reuters) – Mizuho Bank, one of Japan’s largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world’s biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of custome…
China consumer show targets camera maker Nikon in annual ritual
SHANGHAI (Reuters) – Japan’s Nikon Corp has moved to allay consumer fears in China after being criticized on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in af…
Honda aims to win fuel efficiency race in return to F-1
SUZUKA, Japan (Reuters) – After a seven-year hiatus, Honda Motor Co. is returning to the F-1 circuits next year, resolving to win more races – and learn how to build “greener” cars.
Creditors seize ship tied to Mexican oil company probe
MEXICO CITY (Reuters) – Creditors to Oceanografia, a Mexican oil services company at the center of an alleged fraud that forced Citigroup to cut its 2013 profit, have seized a ship that was used as collateral for debt issued by the company.
