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  • CITIGROUP INC SAYS WILLING TO FORGO APPEAL IF STAY CAN BE ISSUED IN ARGENTINE BOND CASE--COURT TRANSCRIPT.

  • JUDGE THOMAS GRIESA TO STAY INJUNCTION WHILE IT EXITS CUSTODY BUSINESS IN ARGENTINA.

  • CITIGROUP LAWYER SAYS' NOT CERTAIN' BANK CAN EXIT BUSINESS BEFORE JUNE 30 BOND PAYMENT DUE.

  • NEW YORK, March 18- Citigroup Inc is committed to meeting its 2015 performance targets for return on assets and efficiency, Chief Executive Officer Mike Corbat said on Wednesday. Corbat announced the two goals for this year in March 2013. Citigroup executives met repeatedly with Federal Reserve officials after the defeat and won approval last week for a new...

  • WASHINGTON, March 18- The United States and New Zealand on Wednesday challenged Indonesia's import restrictions on food and other farm products, saying barriers to goods ranging from potatoes to poultry breached international trade obligations. "I'm proud to take this action today standing up on behalf of farmers and ranchers across the United States who...

  • BRASILIA, March 18- Brazilian President Dilma Rousseff accepted the resignation of Education Minister Cid Gomes on Wednesday after her allies in Congress demanded that he quit for calling them "extortionists." The quarrel added fuel to the political crisis Rousseff is facing, which could hinder her efforts to push through belt-tightening legislation...

  • "Continued reliance on Russian rocket engines is unacceptable and it's time the Air Force conduct itself accordingly," McCain, chairman of the Senate Armed Services Committee, told a hearing with senior Air Force officials. McCain said Congress had given the Air Force $220 million this fiscal year and set a deadline of 2019 for replacing the engine.

  • BUENOS AIRES, March 18- Argentina will not allow Citigroup Inc. to exit its local custody business, a senior source in the government said on Wednesday, setting up a possible showdown between the leftist government and the banking giant over sovereign debt payments. The government is demanding Citigroup process a March 31 coupon payment on its sovereign debt...

  • March 18- Apparel retailer Guess Inc's quarterly profit beat market estimates as the company's expenses declined and online business grew. The company's e-commerce sales jumped 37 percent to a record $80 million in the fourth quarter ended Jan. 31, underscoring a growing customer preference for shopping online. Selling, general and administrative expenses...

  • NEW YORK, March 18- Citigroup Inc is committed to meeting its 2015 performance targets for return on assets and efficiency, Chief Executive Officer Mike Corbat said in an annual letter to shareholders on Wednesday. Corbat said the goals are "within reach if market conditions remain stable." Regulators at the Federal Reserve who judge the company's capital plans...

  • Representatives asked the Department of Energy on Wednesday to explain its plans for the emergency oil reserve, a facility created after the 1970 s oil crises, but likely to be reduced in light of a sharp drop in crude imports. Fred Upton, the chairman of the House of Representatives Committee on Energy and Commerce, and five other lawmakers from both major...

  • UPDATE 1-Citigroup CEO Corbat earned 10 pct less in 2014 Wednesday, 18 Mar 2015 | 5:56 PM ET

    March 18- Citigroup Inc cut its chief executive Michael Corbat's annual compensation by 10.3 percent in 2014, citing high legal expenses and the company's failure to win regulatory approval for its capital plan last year. Corbat's earned a total of $13 million for 2014, down from $14.5 million a year earlier, according to the compensation approved by Citi's...

  • New York, March 18- A majority of Wall Street's top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the U.S. central bank on Wednesday downgraded its assessment on the economy and forecast a gentler path of rate hikes over the next two years. Just two weeks ago, the top...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator CVM said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of companies as his EBX energy, mining, port and shipbuilding empire tottered and then collapsed. The regulator fined Batista 300,000 reais because...

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner around $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • March 18- Target Corp next month will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals including Wal-Mart Stores Inc and TJX Cos, a source familiar with the matter said. The clearest sign of the changing labor landscape came last month when Wal-Mart said it would move to the $9 minimum in April. A week after Wal-Mart's...

  • The March 17 decision by the Securities and Exchange Commission, seen by Reuters Wednesday, marks a victory for Bartlett Naylor, a Bank of America shareholder who works for the non-profit Public Citizen.

  • Benchmark Brent oil saw choppy moves earlier while U.S. crude prices fell after data pointing to the highest oil inventories in the United States in at least 80 years. "Well, we thought we'll have some fireworks today and certainly got that with the Fed's stance and the dollar's tumble," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow in...

  • March 18- Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen in retirement-related expenses for 2015, the business daily said. The company could also cut...

  • Thailand's outdated tech sector casts cloud over economy Wednesday, 18 Mar 2015 | 5:00 PM ET

    BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...