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British court rejects Goldman Sachs appeal; Visa, Mastercard lose in fee ruling

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British court rejects Goldman Sachs appeal; Visa, Mastercard lose in fee ruling

The U.K. Supreme Court turned down Goldman Sachs Group Inc.'s appeal for compensation from Portugal-based Novo Banco SA relating to an $835 million loan that the former extended to the collapsed Banco Espírito Santo SA, Reuters reports. Novo Banco was the "good bank" carved out of Banco Espírito Santo.

South Korea's National Pension Service is the lead bidder to acquire Goldman Sachs' new London headquarters for more than £1.1 billion, CoStar News reports, citing a person with knowledge of the matter. NPS is believed to be partnering with LaSalle Investment Management Inc. on the deal.

A London court ruled that the interchange fees set by U.S.-based credit card companies Visa Inc. and Mastercard Inc. are unlawful and restrict competition, Bloomberg News reports. The case, filed by retailers including J Sainsbury PLC and Walmart Inc., will be reviewed by the Competition Appeal Tribunal, according to the report.

Chicago-based private equity firm Madison Dearborn Partners LLC is backing Canadian insurance brokerage Navacord Inc. in the latter's buyout of its minority capital partner. The management-led deal is slated to close in the third quarter.

In other parts of the world

Asia Pacific: IDBI Federal Life stake sale in limbo; South Korea to fine Samsung Securities

Europe: Lloyds probe junked; 90% of Generali Leben to be sold; Danske case deepens

Middle East & Africa: Dubai financial regulator probes Abraaj; Liberian central bank head resigns

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng was down 0.21% to 28,182.09, and the Nikkei 225 declined 0.78% to 21,546.99.

In Europe, as of midday, the FTSE 100 added 0.60% to 7,618.39, and the Euronext 100 was up 0.94% to 1,053.54.

On the macro front

The Challenger job-cut report, the ADP employment report, the jobless claims report, the Institute For Supply Management nonmanufacturing index, the Energy Information Administration petroleum status report, the Federal Reserve balance sheet and the money supply report are due out today.

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Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.