HONG KONG, Dec 29- German insurer Allianz is the lead re-insurer, through one of its divisions, to the AirAsia plane that went missing on Sunday and is presumed to have crashed off the Indonesian coast with 162 people on board, the company said on Monday. "We can confirm that Allianz Global Corporate& Specialty UK is the lead reinsurer for AirAsia, for aviation hull and...» Read More
OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said.
WASHINGTON, Sept 22- Moving against tax-avoidance by corporations, the Obama administration is taking several actions to curb deals known as "inversions" that allow companies to escape U.S. taxes by reincorporating abroad.
Sept 22- Standard& Poor's owner McGraw Hill Financial Inc said it would sell McGraw Hill Construction to a private equity firm for $320 million.
ISTANBUL, Sept 22- Airbus and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival's proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and suppliers can handle.
WASHINGTON, Sept 22- President Barack Obama said on Monday that new steps announced by Treasury Secretary Jack Lew will discourage companies from pursuing corporate tax-avoidance deals known as "inversions."
NEW YORK, Sept 22- Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.
OBAMA, IN STATEMENT, SAYS LEW IS "EXPLORING ADDITIONAL ACTIONS" TO REVERSE TREND OF CORPORATE TAX INVERSIONS.
OBAMA SAYS TREASURY SECRETARY LEW BRIEFED HIM ON MONDAY ON FIRST STEPS TREASURY DEPARTMENT WILL TAKE TO DISCOURAGE CORPORATE TAX INVERSIONS.
WASHINGTON, Sept 22- The Obama administration said on Monday it will take several actions against corporate tax-avoidance deals known as "inversions" by reducing the tax benefits accessible to inverted companies and by making inversions more difficult to do.
DETROIT, Sept 22- A federal bankruptcy judge on Monday heard testimony from low-income families in Detroit who say they suffered hardships when the city cut off their water with no warning and are suing to prevent such shutoffs from happening again.
Sept 22- Omnicom Group Inc, the No.1 U.S. advertising company, said Chief Financial Officer Randall Weisenburger had stepped down to return to private equity after spending more than a decade with the company.
CHICAGO, Sept 22- U.S. corn and soy futures fell to four-year lows on Monday, pressured by favorable weather for record harvests in the United States and a rising dollar that made the supplies less competitive in global markets.
*Frankfurt marketed itself to Chinese firms. FRANKFURT/ SHANGHAI, Sept 23- When Deutsche Boerse set off eight years ago to lure Chinese companies to Germany with fast listings and low fees, it dreamed of one day landing a giant like Alibaba.
VANCOUVER, Sept 22- A Quebec court has ruled that a C $900 million lawsuit by two Canadian aboriginal communities against a subsidiary of Rio Tinto can proceed.
The letter was sent to the heads of the Department of Transportation, the Department of Homeland Security, the Department of Justice and the FCC, and urged a comprehensive review of policy across jurisdictional lines.
NEW YORK, Sept 22- Citigroup Inc is set to return to court Friday as it seeks to have a U.S. judge reconsider an order barring it from processing payments on $8.4 billion in bonds issued under Argentina's local laws following its 2002 default. District Judge Thomas Gries in New York on Monday scheduled the Friday hearing for 3 p.m. EDT, a court official said.
NEW YORK, Sept 22- Former New York City Mayor Rudy Giuliani will defend Activision Blizzard Inc in a lawsuit the former Panamanian dictator Manuel Noriega filed over his depiction in the company's popular "Call of Duty: Black Ops II" video game.
NEW YORK, Sept 22- A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to the group.
JUDGE SETS HEARING IN ARGENTINA BOND CASE OVER CITIGROUP PAYMENTS FOR FRIDAY AT 3 P.M. EDT-- COURT OFFICIAL.
Sept 22- A U.S. court ordered drugmaker Allergan Inc to produce board documents related to its strategy to counter the hostile bid by William Ackman's Pershing Square Capital Management and Canada's Valeant Pharmaceuticals International.