Executive Compensation

Iraq wins one-year reprieve on Gulf War reparations due to crisis

GENEVA - A United Nations body agreed on Thursday to let Iraq postpone its final payment of reparations to Kuwait for the 1990-91 Gulf War, in an effort to help ease Baghdad's cash-strapped budget.

UPDATE 2-Iraq wins one-year reprieve on Gulf War reparations due to crisis

* Iraq still owes Kuwait $4.6 billion for Gulf War oil fires (Adds U.N. statement in paras 5-6, diplomatic comment)

10:13pm IST

Fitch Rates Tradewynd Re Ltd. Series 2014-1 Catastrophe Bonds Class 3-A, 1-B, and 3-B

(The following statement was released by the rating agency) CHICAGO, December 18 (Fitch) Fitch Ratings assigns ratings to the series 2014-1 principal at-risk variable rate notes issued by Tradewynd Re Ltd., a duly formed special-purpose insurer in Bermuda, as follows: -- $100,000,000 Class 3-A notes expected to mature Jan. 8, 2018 'BB-sf'; -- $100,000,000 Class 1-B notes expected to mature Jan. 8, 2016 'Bsf' ; -- $300,000,000 Class 3-B notes expected to mature Jan. 8, 2018 'Bsf'. The Rating

10:07pm IST

UPDATE 1-Allianz sells Fireman's Fund personal insurance business

* Allianz focuses on U.S. P&C business under Allianz brand (Adds quotes, detail, context)

8:48pm IST

Obesity can be deemed a disability at work: EU court

BRUSSELS - Europe's top court ruled on Thursday that obese people can be considered as disabled, but stopped short of saying that obesity was a condition that needed specific protection under European anti-discrimination laws.

Health, Lifestyle 8:37pm IST

REUTERS AMERICA NEWS PLAN FOR THURSDAY DEC 18

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8:19pm IST

UK air traffic group to compensate airlines for travel chaos

LONDON, Dec 18 - Airlines will get a rebate on their fees to Britain's National Air Traffic Service (NATS) to compensate them for a computer failure last week which disrupted hundreds of flights.

7:01pm IST

UPDATE 1-Russian sailors leave French port, Mistral deal still uncertain

SAINT-NAZAIRE, France, Dec 18 - A ship carrying the Russian sailors who have been training for months on a French-built Mistral helicopter carrier left the French port of Saint-Nazaire on Thursday, with it still unclear whether Paris will finally deliver the ship to Moscow.

6:36pm IST

Sales of financial crisis board game surge in UK's richest area

LONDON - There will be no Christmas break from market mayhem for London's financial elite if sales of a board game based on a banking collapse are anything to go by.

5:40pm IST

Russian sailors leave French port, Mistral deal still uncertain

SAINT-NAZAIRE, France, Dec 18 - A ship carrying the Russian sailors who have been training for months on a French-built Mistral helicopter carrier left the French port of Saint-Nazaire on Thursday, with it still unclear whether Paris will finally deliver the ship to Moscow.

5:34pm IST

Director's cut: Best-paid corporate boards

A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report.  Full Article