Bouygues takes $1.9 billion write-down on Alstom stake
PARIS (Reuters) – French conglomerate Bouygues will write down the value of its stake in train and turbine maker Alstom by 1.4 billion euros ($1.9 billion) to reflect its weaker cash flow forecasts and depressed market value.
UK fraud agency charges three ex-Barclays bankers over Libor
LONDON (Reuters) – Britain’s fraud agency started criminal proceedings against three former bankers at Britain’s Barclays Plc on Monday for the alleged manipulation of Libor interest rates.
UK risks Scottish backlash with arrogance over independence: Salmond
LONDON (Reuters) – Scottish leader Alex Salmond warned on Monday that British politicians risk provoking a backlash in Scotland by running a negative campaign against independence and refusing to let Scots keep the pound if they vote to go it alone.
U.S. stocks correction fear fades despite valuation angst
(Reuters) – A rapid recovery in U.S. stock prices after the recent slide may be enough to make many investors who remained bullish feel a little smug. That would be a mistake, market strategists say.
Fiat’s access to Chrysler funds curbed by dividend cap, debt covenants
MILAN (Reuters) – Indebted Italian carmaker Fiat said on Monday that its access to the cash of U.S. subsidiary Chrysler, which it took full control of last month, was limited by a cap on dividends from the unit and its debt covenants.
Eurozone regulators gather for detail on bank review plans
LONDON (Reuters) – The eurozone’s banks are about to get greater insight into the European Central Bank’s landmark review of their books, as national experts and their advisers meet in Frankfurt on Monday to hammer down details of the next phase of the…
Murdoch’s ex-British paper boss Brooks to start phone-hacking defense
LONDON (Reuters) – Rebekah Brooks, the former boss of Rupert Murdoch’s British newspapers, is due to begin her defense on Wednesday against allegations she was complicit in widespread phone-hacking at the now defunct News of the World weekly.
A wobble, but market-tracker funds on course for growth
LONDON (Reuters) – Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management.
Thai GDP growth slumps in fourth-quarter, unrest clouds outlook
BANGKOK (Reuters) – Thailand’s economic growth slowed significantly in the final quarter of 2013 and the state planning agency cut its forecast for this year because of political unrest that could prevent the formation of a fully functioning government…
Small-firm lawyer takes on Wall Street and wins, twice
WASHINGTON (Reuters) – Before attorney David Wasinger decided to take on two of the biggest global banks in federal court in New York, he had visited the city just twice: once when he was 6, and the second time on a tour bus with his children.
