The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.» Read More
March 26- Dish Network Corp Chief Executive Officer Charlie Ergen recently contacted DirecTV CEO Mike White to discuss a possible tie-up of the companies, Bloomberg reported, citing sources familiar with the matter. Both Dish and DirecTV representatives declined to comment.
NEW YORK, March 26- U.S. "It was well received, there was a very low dealer takedown... it looks like there was a lot of fund demand and demand from abroad," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. The Treasury will sell $29 billion in seven-year notes on Thursday, the final sale this week of $96 billion in new coupon-bearing supply.
FRANKFURT, March 26- Europe's slow economic recovery and deflation fears have prompted Germany's Bundesbank to take a closer look at printing money, one of the most divisive tools the European Central Bank has in its arsenal.
WASHINGTON/ DETROIT, March 26- A U.S. Senate panel will hold its first hearing on April 2 to probe how General Motors and the National Highway Traffic Safety Administration handled recalls over the past decade of malfunctioning GM ignition switches, which are linked to 12 deaths.
WASHINGTON, March 26- The International Monetary Fund is expected to announce a bailout package for Ukraine of about $15 billion as early as Thursday, the Financial Times said, citing officials involved in the negotiations. The IMF had considered a quick infusion of $1 billion from its so-called rapid financing instrument, according to the paper.
*But costs high, at $60- $250 a tonne of carbon dioxide-IPCC. OSLO, March 26- A little-known technology that may be able to take the equivalent of China's greenhouse gas emissions out of the carbon cycle could be the radical policy shift needed to slow climate change this century, a draft U.N. report shows.
March 26- Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring concerns about the company's reliance on "Candy Crush Saga" and dashing hopes its coming-out party would revive investor interest in the mobile gaming industry.
NEW YORK, March 26- Former employees of Spirit Aerosystems Holdings Inc, a major supplier to plane makers Boeing and Airbus, filed charges with federal agencies on Wednesday alleging that Spirit illegally used health care information to target those who were costing the company most for layoffs.
MOSCOW, March 26- U.S. sanctions imposed on Bank Rossiya, described by the U.S. Bank Rossiya was placed under sanctions on Thursday last week, along with its chairman and largest shareholder Yuri Kovalchuk, over Russia's annexation of Crimea from Ukraine, which Western leaders say is illegal.
US TREASURIES YIELDS FALL SLIGHTLY AFTER SOLID 5- YEAR NOTE AUCTION.
*Lonmin asks workers to take leave, sees protracted stoppage. JOHANNESBURG, March 26- South Africa's government mediator met with the striking Association of Mineworkers and Construction Union on Wednesday to restart talks aimed at ending a crippling platinum strike now entering its tenth week.
March 26- Insmed Inc's shares plunged after its experimental drug to treat a form of bacterial lung infection failed the main goal of a trial, but the stock clawed back much of its early losses after analysts said positive secondary data was more relevant.
*Clinical lab shares rise after GOP files Medicare bill. NEW YORK, March 26- U.S. stocks mostly edged higher on Wednesday as geopolitical tensions over Ukraine appeared to ease and the latest U.S. economic data pointed to improving conditions, though investors found few reasons to push shares up substantially.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. posted a sharp drop in net profit for 2013 after a U.S. drought disrupted grain markets and as sugar and other soft commodities were hit by oversupply.
TORONTO, March 26- BlackBerry Ltd has received a coveted security clearance that paves the way for U.S. government agencies to use its systems to manage and secure Android- and iOS-powered devices operating on their internal networks, the smartphone maker said on Wednesday.
CALGARY, Alberta, March 26- A subtle shift is under way in the Canadian oil industry, where collegial collaboration over vital new extraction technology is yielding to corporate protectionism in the race to profit from the world's third-largest reserves.
*Cautious trade ahead of USDA sowings, stocks reports. Corn futures were narrowly lower on pressure from the steep downturn in wheat while soybeans moved slightly higher as investors squared positions ahead of a quarterly grain stocks report from the U.S. Department of Agriculture that is expected to show razor-thin U.S. supplies of the oilseed.
*Extra shipments head to India, sales strong to Syria. LONDON, March 26- Iran's oil exports have stayed above levels allowed under Western sanctions for a fifth month, according to sources who track tanker movements, in a further sign that a deal to ease some restrictions is helping Tehran sell more crude.
KIEV, March 26- Ukraine's new leaders, in a step the ousted government had balked at, said on Wednesday it would raise the price of gas for domestic consumers by more than 50 per cent from May 1 and would raise prices further under a fixed timetable to 2018..
*Cushing stocks down 1.3 million- EIA. That 1.3 million barrel draw at Cushing was larger than reported by industry group the American Petroleum Institute on Tuesday, and overshadowed a larger-than-expected 6.6 million-barrel build in crude stocks nationally.