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Citi plans sale of private equity unit: report

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NEW YORK (Reuters) - Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter.

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Suppliers that don’t manage CO2 could lose clients

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LONDON (Reuters) - Suppliers that fail to manage their greenhouse gas emissions could lose clients, said a report published on Monday.

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Are stocks set for a down year?

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NEW YORK (Reuters) - The adage “as January goes, so goes the year” bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.

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Global co-operation on financial reforms needed: IMF

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HERZILIYA, Israel (Reuters) - International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday urged the United States, Britain and other countries to cooperate on new policies and regulations in the wake of the financial crisis.

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Help wanted to sustain the recovery

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WASHINGTON (Reuters) - The economic recovery is suddenly looking more robust. If it is going to stay that way, the labor market will need to catch up soon.

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Bloomingdale’s opens first non-U.S. store in Dubai

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DUBAI (Reuters) - New York’s famed Bloomingdale’s finally opened its doors in the Middle East’s biggest mall on Sunday in its first foray outside its home market.

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UAE’s Arabtec wins $193 million Dubai tower contract

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DUBAI (Reuters) - Dubai contractor Arabtec said on Sunday it has won a 710 million dirhams ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.

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U.S. bank bailout encourages risky behavior: watchdog

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WASHINGTON (Reuters) - The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government’s bailout watchdog said in a quarterly report.

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U.S. satisfied with recall fix, Toyota chief apologizes

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WASHINGTON (Reuters) - U.S. safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said on Saturday.

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Policymakers see growth reviving, still fragile

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DAVOS, Switzerland (Reuters) - World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.

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