Citi to pay Fannie $968 million for potential mortgage buyback claims
(Reuters) – Citigroup Inc will pay Fannie Mae $968 million to resolve potential mortgage repurchase claims for breaches of representations on loans sold to the U.S. mortgage guarantor between 2000 and 2012.
Euro zone joblessness at record high, inflation up
BRUSSELS (Reuters) – Euro zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed on Monday, underlining the fragility of the bloc’s economic health.
Stelios to vote against easyJet’s ‘secret’ Airbus deal
LONDON (Reuters) – Easyjet’s estranged founder Stelios Haji-Ioannou said on Monday he would vote against the budget airline’s plan to buy 135 new Airbus planes because they were not needed and their real cost had been kept secret.
Global shares rise as investors look to new quarter, U.S. growth
LONDON (Reuters) – Shares rose on Monday as investors edged back into riskier assets at the start of a new quarter, pinning their hopes on a U.S. economic recovery and brushing off signs of a slowdown in China.
Italy prosecutor asks two years jail for Pirelli’s Tronchetti Provera
MILAN (Reuters) – An Italian prosecutor has asked for two years imprisonment for businessman Marco Tronchetti Provera in a case involving the alleged use of Telecom Italia data to snoop on Italy’s elite.
Investors set to weigh benefits of News Corp
(Reuters) – News Corp and 21st Century Fox will begin trading as two separate companies on Monday, giving investors the choice of a fast-growing entertainment business and a slower-growing but prominent publishing concern.
U.S. says oil market can cope with more Iran export cuts
VIENNA (Reuters) – The top U.S. energy official said world oil markets could cope with further cuts in Iran’s oil exports from tighter sanctions over its nuclear program as rising supply from the United States and Iraq offsets the loss.
French lawmakers to hear alleged HSBC data thief: sources
PARIS (Reuters) – A French parliamentary committee drawing up laws against tax evasion will hear testimony on Tuesday from an ex-HSBC employee wanted in Switzerland on charges of stealing data on bank accounts, parliamentary sources said.
Europe and Japan show signs of stabilizing, but China slides
LONDON/BEIJING (Reuters) – Europe’s prolonged economic decline may have stabilized and even rebounded in some areas, business surveys showed on Monday, although Asia exhibited signs of slowing as global demand wanes.
NY financial regulator probes insurers over Iran links: WSJ
ZURICH (Reuters) – New York’s financial regulator has asked insurers Lloyd’s of London and reinsurer Swiss RE AG for details about dealings linked to Iran as part of a probe into 20 non-U.S. reinsurance firms, the Wall Street Journal reported.
