Troubled past haunts Mexico oil company at center of Citi scandal
NEW YORK/MEXICO CITY (Reuters) – The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico’s state oil monopoly over the past decade, even after Mexican officials and…
Middle East drought a threat to global food prices
AMMAN (Reuters) – The Middle East’s driest winter in several decades could pose a threat to global food prices, with local crops depleted and farmers’ livelihoods blighted, U.N. experts and climatologists say.
Mastercard, Visa form cross-industry group for payment security
(Reuters) – Credit card companies MasterCard Inc and Visa Inc said they had formed a new cross-industry group to enhance payment system security across networks.
Fed’s Dudley pushes policy guidance change at March FOMC: report
NEW YORK (Reuters) – William Dudley, the head of the Federal Reserve Bank of New York, said a policy meeting later this month is a good time for the U.S. central bank to adjust its published guidance on when interest rates would eventually rise, accord…
Fed seen as raising rates a bit earlier after jobs report
(Reuters) – U.S. short-term interest-rate futures contracts fell after a U.S. government report showed U.S. employers added more jobs than expected in February, prompting some traders to price in an earlier date for a rate hike from the Federal Reserve…
U.S. trade deficit steady in January as exports bounce back
WASHINGTON (Reuters) – The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports.
Appeals court acquits banks in Milan derivatives case
MILAN (Reuters) – A Milan appeals court has acquitted four international banks, including JPMorgan and UBS, found guilty in an earlier trial of mis-selling derivatives to the city of Milan.
Banks to return 11.4 billion euro of crisis loans to ECB next week
FRANKFURT (Reuters) – Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone finan…
GE ends freebie dividends on executives’ unvested stock
BOSTON (Reuters) – General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.
Man called Bitcoin’s father denies ties, leads LA car chase
TEMPLE CITY, California (Reuters) – A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a fr…
