| | Rengan Rajaratnam cleared, U.S. insider trading streak snapped | NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors. | | | | | | Alcoa reports second-quarter profit, shares rise | (Reuters) - Aluminum producer Alcoa Inc reported a second-quarter profit on Tuesday, which included $78 million in special items tied to a previously announced restructuring aimed at reducing the cost base of its commodity business. | | | | | | U.S. in sanctions talks with Commerzbank and Deutsche: source | FRANKFURT (Reuters) - U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. | | | | | | World Bank's IFC asks for review of Itau, CorpBanca deal | SANTIAGO (Reuters) - The International Finance Corp (IFC), the World Bank's private investment arm, is seeking an independent analysis of Brazilian bank Itaú Unibanco Holding SA's planned takeover of Chile's CorpBanca, in which the IFC holds a 5 percent stake. | | | | | | Argentina to meet again with debt mediator, bonds rise | BUENOS AIRES (Reuters) - Argentina said on Tuesday it would meet with a mediator in the country's dispute with holdout investors for a second time this week, lifting market hopes for a deal needed to avoid another painful debt default. | | | | | | | 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 | |