Business Today: Dollar hits six-week lows, Italian bonds rally

		Click to View in Browser 02/17/2014 Dollar hits six-week lows, Italian bonds rally LONDON (Reuters) - The dollar fell to six-week lows on Monday as recent weak U.S. data cast doubt on the pace of monetary tightening, while prospects for a new reforming government in Italy sent its bond yields to their lowest since 2006. Detroit bankruptcy bond fight a watershed for muni market (Reuters) - The city of Detroit's effort to declare some of its general obligation bonds as unsecured debt will be challenged in bankruptcy court Wednesday in what could be a precedent-setting turn in the largest-ever municipal bankruptcy in U.S. history. Group led by Greenberg's Starr to buy MultiPlan for $4.4 billion: WSJ (Reuters) - A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings is close to buying health insurance claims processor MultiPlan Inc for about $4.4 billion, the Wall Street Journal said. Dividend hunters toast earnings season surprises LONDON (Reuters) - Halfway through Europe's company earnings season, investors who made record bets in search of dividends have cause for celebration, though they should prepare for disappointment from some traditionally high-paying sectors. Germany, France seek to revive transaction tax plan LONDON (Reuters) - Germany and France will lead a face-saving bid this week to revive a flagging project to tax financial transactions in 11 euro zone countries and allay fears it could hamper economic recovery. Fiat's access to Chrysler funds curbed by dividend cap, debt covenants MILAN (Reuters) - Indebted Italian carmaker Fiat said on Monday that its access to the cash of U.S. subsidiary Chrysler, which it took full control of last month, was limited by a cap on dividends from the unit and its debt covenants. U.S. stocks correction fear fades despite valuation angst (Reuters) - A rapid recovery in U.S. stock prices after the recent slide may be enough to make many investors who remained bullish feel a little smug. That would be a mistake, market strategists say. UK fraud agency charges three ex-Barclays bankers over Libor LONDON (Reuters) - Britain's fraud agency started criminal proceedings against three former bankers at Britain's Barclays Plc on Monday for the alleged manipulation of Libor interest rates. Bouygues takes $1.9 billion write-down on Alstom stake PARIS (Reuters) - French conglomerate Bouygues will write down the value of its stake in train and turbine maker Alstom by 1.4 billion euros ($1.9 billion) to reflect its weaker cash flow forecasts and depressed market value. Iranian bank sues UK government for $4 billion over sanctions LONDON (Reuters) - Iran's largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions imposed against it over alleged links to Tehran's nuclear program. Related Video Reuters Asks: Will Swiss immigration vote damage EU ties? Factbox: Fashion, not a fad Economic News Bundesbank sees muted impact from emerging market turmoil ECB Nowotny says negative deposit rate a possibility A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend