Treasury yields inch lower as investors await Yellen speech
Treasury yields receded Monday ahead of an afternoon speech from Federal Reserve Chairwoman Janet Yellen. The yield on the 10-year Treasury note TMUBMUSD10Y, -1.35% ..>> view originalDiamond Magnate Beny Steinmetz Arrested in Guinea Bribery Case
Israeli diamond magnate Beny Steinmetz was arrested Monday on suspicion of bribing government officials in Guinea, Israeli authorities said, widening the fallout from a long-running scandal involving one of the world’s richest iron-ore deposits. The move is among the most dramatic yet in a saga related to the fierce competition to mine a vast iron-ore vein in Guinea’s Simandou mountain range. Rio Tinto PLC, which once had...>> view originalVolkswagen Is Close to Another Billion Dollar Settlement
The check for German carmaker Volkswagen’s diesel emissions scandal is about to grow by another $1 billion, according to The Wall Street Journal. The paper reported late Sunday that VW is close to agreeing compensation terms for drivers who bought the company’s larger and more luxurious diesels fitted with 3.0-liter engines. That includes sport utility vehicles from the Porsche and Audi brands. It said that VW has agreed to take back and fix at its own cost some 60,000 vehicles from recent year..>> view originalEU Raises Pressure on Apple's Tax Deal in Ireland
The European Union contends that Irish tax authorities have been “inconsistent” and “not systematic” in their treatment of multinational companies like Apple Inc., according to a newly disclosed filing that further argues why €13 billion ($13.6 billion) in tax breaks Ireland granted the iPhone maker were illegal. In a 130-page decision from August that was made public on Monday, the European Commission, the EU’s executive arm, asserted that two Apple units registered in Ireland brought in $130 ..>> view originalIMF Chief Guilty of Negligence in French Case Dating to 2008
PARIS — The International Monetary Fund's managing director was convicted Monday of negligence by a special French court for her role in a contentious and generous arbitration award in 2008 to a politically connected tycoon.But Christine Lagarde, who was France's finance minister at the time, was spared jail time and a criminal record. She had risked a year of imprisonment and a fine.The guilty verdict, even without punishment, tarnishes Lagarde's impressive career as one of the most powerful ..>> view originalArmy veteran Vincent Viola, billionaire owner of the Florida Panthers, named Trump's Army secretary
Businessman Vincent Viola enters Trump Tower in Manhattan on Dec. 16. (Andrew Kelly/Reuters) President-elect Donald Trump has nominated as his Army secretary Vincent Viola, an Army veteran who became a billionaire after founding an electronic trading firm and went on to buy the Florida Panthers hockey team. Viola is a 1977 graduate of the U.S. Military Academy at West Point, N.Y., and funded the creation of its highly regarded Combating Terrorism Center after the Sept. 11, 2001, attacks. A ..>> view originalUkraine Nationalizes an Oligarch's Losses
Only one private bank in Ukraine was considered too big to fail, and on Sunday night, the Ukrainian government announced that it would be nationalized. The losses, however, are essentially being passed on to Ukrainian taxpayers; oligarch Ihor Kolomoisky and his partner Gennady Bogolyubov, the owners of Privatbank, have long since bled it dry.QuickTake Ukraine's Other WarIt's not clear yet how how exactly the nationalization will work. What is known is that shareholders asked the government to t..>> view originalIran's first new Airbus to arrive in weeks under sanctions deal
December 19, 2016 —Iran’s plans to modernize its aging fleet of civilian airliners look set to take off, with the first of 100 Airbus planes slated for delivery as soon as mid-January.The deal with the European manufacturer comes on the heels of a similar agreement with its US rival, Boeing, under which the Islamic Republic is to buy 80 jets.Both contracts have become possible under the terms of the nuclear deal hashed out between Iran and the international community, which lifted an array of s..>> view original'Frenemies' no more? Delta, Alaska Air to terminate partnership
(Photo: Jeremy Dwyer-Lindgren, JDLMultimedia.)Delta Air Lines and Alaska Airlines were once close partners. But their relationship has deteriorated in recent years, largely the result of a turf war that sprung out of Delta’s move to build up its own hub in Alaska Air’s hometown of Seattle.Now, the carriers have confirmed on Monday what many thought had become inevitable. Delta and Alaska airlines will officially terminate their frequent-flier and codeshare partnerships at the end of April.The c..>> view originalJapan's SoftBank Invests $1 Billion in Satellite Startup OneWeb
Japan’s SoftBank Group Corp. is pumping $1 billion into OneWeb Ltd., which aims to use hundreds of satellites to provide internet access in rural areas and developing countries, in a fundraising round that values the startup at roughly $2.5 billion. OneWeb’s current investors are also giving $200 million in the latest fundraising, the company announced Monday. The fresh funds ensure that OneWeb has the firepower to build and launch more than 640 satellites by the beginning of the next decade. T..>> view original
Thursday, March 23, 2017
Treasury yields inch lower as investors await Yellen speech and other top stories.
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