News

Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business.

The U.S. Supreme Court on Monday turned away a Texas bank's constitutional challenge to the structure of the U.S. Consumer Financial Protection Bureau, passing up a case that could have led to more presidential power over an independent agency that President Donald Trump's administration already has weakened.

German commercial property group Summit Germany Ltd said on Monday that it was exploring an initial public offering of its Summit Luxco unit on the Frankfurt Stock Exchange. The listing of Luxco, which holds all of Summit's German real estate business, including asset and property management operations, would be subject to...

* Indexes drop: Dow 0.45 pct, S&P 0.58 pct, Nasdaq 0.96 pct (Updates to open)

The European Commission is willing to accept a deal with producers of Argentine biodiesel to settle a long-running trade dispute over imports of the product into Europe.

Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch energy company Eneco, which analysts estimate to be worth around 3 billion euros ($3.4 billion).

South Korea did not import crude oil from Iran in December, compared with 1.1 million tonnes imported a year ago, preliminary data from Korea Customs Service showed on Tuesday. The world’s fifth-largest crude buyer imported a total 12.4 million tonnes of crude last month against 13.2...

Etihad Airways, which owns 24 percent of debt-laden company Jet Airways, plans to increase its stake in the Indian airline, a source close to the Abu Dhabi carrier told Reuters on Monday.

Investors have fled the industrial metals markets as previous trading strategies have been overwhelmed by macro uncertainty.

* Parent firm Brait's shares fall more than 20 pct (Recasts, adds Brait share price, trader quote, detail, bullets)