Author: KMFSLLP

* Court says appointment of current Tata Sons chairman was illegal

The U.S. Senate Foreign Relations Committee approved legislation on Wednesday that would impose sanctions on Russia, but there was no indication of when the full Senate might vote on the measure that one sponsor called the sanctions bill "from hell."

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

Egypt approved a plan on Wednesday to turn over an abandoned historic area under Cairo's towering 12th-century Islamic citadel to its new sovereign wealth to develop for tourism and culture, a cabinet statement said.

Argentina's debt is "unsustainable" but should not be difficult to restructure, considering the problem lies mainly with repayment schedules and interest coupon amounts, central bank chief Miguel Angel Pesce said in an address on Wednesday.

A U.S. regulator on Wednesday proposed relaxing rules on U.S. firms' overseas derivatives dealing, replacing a stricter Obama-era proposal that critics said would have curtailed U.S. companies' foreign businesses, officials told Reuters.

The banking arm of French mail operator La Poste is exploring a bid for HSBC France's retail activities as part of its diversification efforts, sources with knowledge of the matter told Reuters.

Italian tax police visited the headquarters of insurer Societa Cattolica di Assicurazione on Wednesday and seized documents relating to the sacking of former Chief Executive Alberto Minali in October, a source close to the case said.

Review of the funding model should not become a tool of intimidation

U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback since early October, according to Investment Company Institute data released on Wednesday. The declines marked the...