Court upholds Citigroup arbitration win over Abu Dhabi fund
NEW YORK (Reuters) – A U.S. appeals court on Wednesday rejected the Abu Dhabi Investment Authority’s effort to void Citigroup Inc’s arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisi…
U.S. consumers to see higher milk prices as export demand soars: analysts
(Reuters) – Picking up a gallon of milk at the grocery store is getting pricier and the cost could hit a record high for U.S. consumers in March, analysts warned.
Nasdaq to roll out ‘kill switch’ to help catch trading errors
NEW YORK (Reuters) – Nasdaq OMX Group plans to roll out a “kill switch” that would cut off trading of its member firms when pre-set limits are breached, the exchange operator said in a regulatory filing.
Vodafone blames India for collapse of $2 billion tax dispute talks
MUMBAI (Reuters) – Vodafone Group blamed the Indian government on Wednesday for the collapse of talks aimed at settling a $2 billion tax dispute relating to its acquisition of Hutchison Whampoa’s mobile business in the country.
Germany cancels delivery of last 37 Eurofighter jets: source
BERLIN (Reuters) – Germany will not take delivery of the final shipment of 37 Eurofighter jets, a defense source told Reuters on Wednesday.
Bank exits boost utilities, funds in Europe gas and power trading
LONDON/FRANKFURT (Reuters) – Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors.
Tokyo prosecutors raid Novartis Japan offices in probe
ZURICH (Reuters) – Prosecutors in Tokyo raided offices of Swiss drugmaker Novartis on Wednesday as part of an investigation into alleged use of manipulated data to promote its best-selling blood pressure drug Diovan.
Peugeot’s $3 billion loss shows rescue deal is just a start
PARIS (Reuters) – PSA Peugeot Citroen plans to build new cars and expand in Asia under a French-backed rescue deal agreed with China’s Dongfeng, the carmaker said on Wednesday, as it posted a $3.2 billion loss that underscores the scale of the task ahe…
Producer prices edge up in January
WASHINGTON (Reuters) – Producer prices rose for a second straight month in January, pushed up by an increase in the cost of goods, but there was little sign of a broad pick-up in inflation pressures at the factory gate.
SunExpress places order for 50 Boeing aircraft
FRANKFURT (Reuters) – SunExpress, a joint venture between Lufthansa and Turkish Airlines , said it was placing an order for 50 Boeing jets, worth $4.5 billion at list prices.
