Citigroup Pays $5.4 Million in Rand-Rigging Probe Settlement

Citigroup Inc. agreed to pay a penalty of almost 70 million rand to settle a South African antitrust investigation that said the U.S. bank participated in an alleged cartel to manipulate the value of the rand. “There could well be other settlements now that it seems the parties are prepared to come forward,” Patrice Rassou, head of equities at Sanlam Investment Management in Cape Town, said in an e-mailed response to questions on Monday.

Kenya Said to Be Near $800 Million Loan With Citibank, StanChart

Kenya is close to signing an $800 million syndicated loan with four banks to help fund infrastructure projects and support the shilling, according to a person familiar with the matter. East Africa’s biggest economy is expected to sign the three-year facility with Citigroup Inc., Standard Bank Group Ltd., Standard Chartered Plc and Rand Merchant Bank by tomorrow, the person said, declining to be identified because he isn’t authorized to speak on the matter.

Volkswagen ‘fixes 470,000 UK diesel cars’

VW’s top UK executive, Paul Wallis, has said that of the 1.2 million cars in the UK affected by the diesel emissions scandal, 470,000 have been fixed. “At the current rate, we are applying these measures to 20,000 cars a week,” he told MPs on the Transport Committee.

What someone who worked closely with PewDiePie thinks about…

In his YouTube videos, PewDiePie is boisterous and goofy, playing video games and swearing enough to make a sailor nod in approval. But in person, 27-year-old Felix Kjellberg is much more introverted, according to a colleague who worked closely with him on “Scare PewDiePie,” his recently canceled show on YouTube’s “Red” premium video service.

There are 5 places in the US where you need to make over…

In the last quarter of 2016, the median cost of a single-family home in the region rose to $348,800, up nearly 8% from the previous year and a greater increase than any other region, according to the National Association of Realtors . “Depressed new and existing inventory conditions led to several of the largest metro areas seeing near or above double-digit appreciation, which has pushed home values to record highs in a slight majority of markets,” said Lawrence Yun , NAR chief economist.

The US is going after the highest-profile Venezuelan target…

In this Feb. 1, 2017 photo, Venezuela’s Vice President Tareck El Aissami, right, is saluted by Boilivarian Army officer upon his arrival for a military parade at Fort Tiuna in Caracas, Venezuela. The administration of President Donald Trump is slapping sanctions on El Aissami and accusing him of playing a major role in international drug trafficking.

President Trump captured on tape telling golf club supporters to…

Leaked audiotape from inside President Trump’s New Jersey golf club shows him inviting members to “come along” to see him interview candidates for top government positions, shortly after winning the US election. In the tape obtained by Politico, the recently-elected President thanks members of the Bedminster club for their support throughout the campaign and congratulates them on picking a winner.

Trump’s Defense Chief Says in Iraq: We’re Not Here for Your Oil

The U.S. military is “not in Iraq to seize anybody’s oil”, Defense Secretary Jim Mattis said as he arrived for talks with Iraqi leaders on Monday, distancing himself from remarks by President Donald Trump. Mattis was the highest-ranking Trump administration official to visit Iraq since Trump irked Iraqis with a temporary ban on travel to the United States and for saying America should have seized Iraq’s oil after toppling Saddam Hussein in 2003.

Sheriff Clarke Sounds Off on Anti-Trump Protests

Milwaukee County Sheriff David Clarke on 'Not My President's Day' protests, efforts to change the anti-police sentiment and efforts to reduce violent crime in America. As protestors organize ‘Not my President’s Day’ rallies against President Trump in cities across the country, Milwaukee County Sheriff David Clarke discusses how law enforcement is planning to deal with the protests.

Oil Rises, But Swelling U.S. Output Caps Rally

Oil edged up on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained price rise, although growing U.S. output and stubbornly high stockpiles kept price gains in check. Top OPEC exporter Saudi Arabia’s crude oil shipments fell in December to 8.014 million barrels per day from 8.258 million bpd in November, official data showed on Monday.

Has the Market Overreacted to the Potential of Trumpa s a oePhenomenala Tax Plan?

By Christopher Versace via Iris.xyz With little in the way of economic data last week amid the continued earnings announcements maelstrom, the driver of the market’s climb was more political than fundamental. On Thursday, Feb. 9, President Donald Trump said that in the coming weeks he would announce something “phenomenal” in terms of tax, although he offered no further details.

State Patrol Arrests Two Men Who Prompted Lockdown in Aurora

As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc. does not discriminate in the sale of commercial time, and will not accept advertising which, in its sole opinion, is purchased with intent to discriminate unlawfully on the basis of race, gender, or ethnicity. The advertiser hereby certifies that its purchase of commercial time is not made for an unlawful discriminatory purpose, including specifically that it is not based upon a decision to place advertising on a station on the basis of race, gender, or ethnicity.

UK Government Has No Intention of Revoking Article 50

The British government has no intention of revoking its withdrawal from the European Union once the formal exit process has been triggered, Prime Minister Theresa May’s spokesman said on Monday. May plans to trigger Article 50 of the EU’s Lisbon Treaty by the end of March, beginning up to two years of divorce talks.

Platts Revamps Brent Oil Benchmark for First Time in a Decade

Oil pricing agency S&P Global Platts said on Monday it was making the first major overhaul of its Brent oil assessment in a decade to address falling supply underpinning the benchmark that prices most of the world’s oil. A decline in supply from North Sea fields has led to concerns that physical volumes could become too thin and hence at times could be accumulated in the hands of just a few players, making the benchmark vulnerable to manipulation.

Gold Steady, Awaiting Clues on Fed Rate Rise Schedule

Gold held steady on Monday as traders awaited further clues on the pace of U.S. interest rate rises from a Federal Reserve officials due to speak this week. The precious metal is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

The 7 Drivers of Enterprise Value

By Louis Diamond via Iris.xyz Announcements of mergers and acquisitions continue to dominate the headlines as private equity firms, banks, consolidators, regional RIAs and the like capitalize on the significant headwinds facing standalone independent firms and RIAs.

YouTube is killing off its unskippable 30-second ads

A Google spokesperson told Business Insider: “We’ve decided to stop supporting 30-second unskippable ads as of 2018 and focus instead on formats that work well for both users and advertisers.” According to YouTube , more than half of its video views come from mobile users, where a 30-second ad can negatively affect consumers with a smaller data plan.

Apple is restructuring the way it works with its lead…

Apple is changing the way it works with its lead advertising agency TBWA\Media Arts Lab as part of an effort to streamline its global marketing output, Adweek’s Patrick Coffee reported. TBWA\Media Arts Lab’s Apple team has been restructured for the agency to focus more on digital and local campaigns.

Will your pension be there when you need it?

Members of the International Brotherhood of Teamsters and supporters rally outside the Capitol in Washington. Millions, including these protesters, are at risk of losing their retirement savings if the Pension Benefit Guaranty Corporation becomes insolvent.

Oil Rises, But Faces Prospect of Growing U.S. Output

Oil prices rose on Monday but gains were limited as investors gauged whether an increase in U.S. drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance. Brent futures were up 33 cents at $56.14 a barrel at 1235 GMT, while U.S. West Texas Intermediate crude rose 23 cents to $53.63.

How to Drink Wine Like an American President

And while Andrew Jackson and Martin Van Buren were big whiskey drinkers , many commanders-in-chief have been wine drinkers too — including our first president. We first must shout out to George Washington and other 54 guys who drafted the Constitution.

German Yields Hit Record Low, French Bond Spreads Widen as Political Concerns Intensify

Germany’s two-year government bond yields hit a record low Monday amid rising political uncertainty in the region as officials meet in Brussels to debate the ongoing bailout in Greece. Germany’s two-year government bond yields hit a record low Monday amid rising political uncertainty in the region as officials meet in Brussels to debate the ongoing bailout in Greece and polls indicate rising support for far-right Presidential candidate Marine Le Pen.

U.K. Faces ‘Danone Moment’ as Kraft Heinz Buckles Under Weight of Unilever Opposition

Prime Minister Theresa May faces the delicate balance of maintaining Britain’s FDI credentials while avoiding a fire-sale of cheap U.K. companies. Theresa May is no Lady Bracknell, but the U.K. Prime Minister is nonetheless likely to be thinking about Oscar Wilde’s most-quoted character this week as she fends off takeover approaches from aboard while simultaneously insisting that Britain is an economy with global ambitions that is ‘open for business’.

Google, Bing Agree to Help U.K. Creative Industries Fight Pirate Sites

A voluntary code of practice is designed to “kick-start collaboration between the parties to demote links to websites that are dedicated to infringing content for consumers in the U.K.” Google and Microsoft’s Bing are two big-name search engines that have voluntarily signed on to a first-of-its kind initiative in Britain aimed at “reducing the availability of infringing content accessed through online search.” The agreement between representatives of rights holders and major search engines was unveiled Monday following a government-chaired series of roundtables.

Defined benefit pensions still viable, says government

The government said the total deficit of all DB schemes in January 2017 was A 197bn, down from A 459bn in August 2016. “Our modelling suggests that these deficits are likely to shrink for the majority of schemes, if employers continue to pay into schemes at current/promised levels,” the paper declares.

Car Loans on the Rise as U.S. Households Borrow More: Chart

U.S. households held 1.9 percent more auto debt in the final three months of 2016 than in the previous quarter, as automakers closed out a record year with 17.55 million cars and light trucks sold. Auto loans now make up 9.2 percent of Americans’ debt loads, the highest share in New York Fed data going back to 2003.

Sequoia-Backed China Robot Startup Said to Be Raising New Funds

Makeblock Co., a Chinese maker of DIY robotics parts, is seeking to raise funding at a $200 million valuation as the Sequoia Capital-backed startup expands into classrooms and hobbyist’s workshops globally, people familiar with the matter said. The Shenzhen-based company us seeking to raise about 200 million yuan in a series B round, the people said, requesting not to be named discussing a private matter.

Sequoia-Backed China Robot Startup Said to Be Raising New Funds

Makeblock Co., a Chinese maker of DIY robotics parts, is seeking to raise funding at a $200 million valuation as the Sequoia Capital-backed startup expands into classrooms and hobbyist’s workshops globally, people familiar with the matter said. The Shenzhen-based company us seeking to raise about 200 million yuan in a series B round, the people said, requesting not to be named discussing a private matter.

Yiannopoulos responds to video posted by conservative site

In this Jan. 25, 2017, file photo, Milo Yiannopoulos speaks on campus in the Mathematics building at the University of Colorado in Boulder, Colo. Right-wing provocateur Yiannopoulos was trying to clarify past comments on relationships between boys and older men after a conservative site posted a collection of edited video clips that set social media abuzz.