Business Today: Yen steady, euro dips after G7 urges against FX war

		Click to View in Browser 02/12/2013 Yen steady, euro dips after G7 urges against FX war LONDON (Reuters) - The yen hovered near three-year lows against the dollar and the euro fell on Tuesday after the G7 nations urged countries to refrain from competitive devaluations and a U.S. official backed Japan's new anti-deflation policies. UK fines UBS $15 million for failings in AIG fund sale LONDON (Reuters) - UBS has been fined 9.45 million pounds ($14.80 million) by Britain's financial regulator for exposing customers to unacceptable risk when it sold an AIG investment fund in the latest blow to the Swiss bank's battered reputation. Barclays to ax 3,700 jobs as new boss lays out revival LONDON (Reuters) - Barclays is axing at least 3,700 jobs and pruning its investment bank as its new boss put his stamp on the troubled British bank by aiming to cut 1.7 billion pounds ($2.7 billion) in annual costs and raise standards after a series of scandals. G7 fires currency warning shot, Japan sanguine LONDON/TOKYO (Reuters) - Group of Seven nations reiterated their commitment on Tuesday to market-determined exchange rates and said fiscal and monetary policies must not be directed at devaluing currencies. Finmeccanica head arrested over India bribe allegations MILAN (Reuters) - Italian police arrested the head of Italian state-controlled defense group Finmeccanica SpA on Tuesday in a corruption probe centered on the sale of helicopters to the Indian government, a judicial source said. UK inflation stuck at highest level since May LONDON (Reuters) - Britain's inflation rate unexpectedly held steady for the fourth consecutive month in January but there was little respite for consumers as it remained at its highest level since May, official data showed on Tuesday. Nokia protests against Indian tax probe HELSINKI (Reuters) - Finnish phone maker Nokia said on Tuesday it was protesting against a tax investigation in India, a crucial market, in the latest dispute involving a foreign company's tax. Moody's says downside risks to global economy have abated SYDNEY (Reuters) - Moody's Investor Services on Tuesday said downside risks for the global economy had receded in the past three months, though a number of dangers still remained. Tiny "fibers" may have played role in 787 battery failure, NTSB says SEATTLE (Reuters) - The U.S. National Transportation Safety Board is investigating whether tiny fiber-like formations, known as dendrites, inside lithium-ion batteries could have played a role in battery failures on two Boeing Co 787 Dreamliners last month. World Bank chief economist calls on G20 to coordinate policies WASHINGTON (Reuters) - The World Bank's new chief economist on Tuesday urged Group of 20 finance leaders to better coordinate economic policies in order to prevent a possible global currency war. Related Video U.S. Morning Call: McGraw-Hill--Defense strong against DOJ Reuters Today: Barclays – all change or all talk? Economic News NFIB business sentiment perks up a bit in January Fed taking "forceful action" on economy, Yellen says 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