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By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) – A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching. These are some key points about …

Explainer-Can a New York state law solve an emerging markets debt crisis? Read More »

ZURICH (Reuters) – Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc ($112.50 billion) lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday. “The federal guarantees, the 100 billion, have been repaid as of yesterday (Tuesday),” Keller-Sutter told Swiss broadcaster SRF. As …

Credit Suisse has paid back government-backed liquidity Read More »

By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) – As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even betting against what many see as the beginning of a long-overdue era of profitability and returns. The Nikkei share average’s closed out its best month in …

As Nikkei soars, Japanese investors rush for the exits Read More »

NEW YORK (Reuters) – JPMorgan Chase & Co’s former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon obtained by Reuters. Dimon said in the deposition …

Ex-JPMorgan executive wrote Epstein ‘should not be a client’ in 2011 email -deposition Read More »

By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedom of association and collective bargaining, the office of U.S. Trade Representative Katherine Tai said on Wednesday. Since the U.S.-Mexico-Canada agreement on trade, …

US asks Mexico to review alleged denial of workers’ rights at Draxton facility Read More »

By Rajesh Kumar Singh and David Shepardson WASHINGTON (Reuters) -American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines’ “Northeast Alliance” broke antitrust law and …

American Airlines to appeal JetBlue alliance court ruling -CEO Read More »

(Reuters) -Harvey Pitt, a former chairman of the U.S. Securities and Exchange Commission, died on Tuesday, according to a statement from the director of the SEC Historical Society shared with Reuters. Pitt, who was appointed to lead the SEC by President George W. Bush in 2001, oversaw the closure of financial markets in the wake …

Former SEC chief Harvey Pitt dies at 78 Read More »

By Karl Plume (Reuters) – A merger of U.S. grains merchant Bunge Ltd with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Glencore Plc-owned …

Bunge, Viterra merger would create global agriculture trading giant Read More »

By Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are forecast to drop further this year, pressured by higher interest rates, according to a Reuters poll of property analysts, who expect a 20% peak-to-trough correction, roughly similar to a survey taken three months ago. In one of the most unaffordable housing markets in the …

Kiwi house prices to descend further this year and rise next- Reuters poll Read More »