PRESS DIGEST- Financial Times - February 24

Reuters02-24 09:54

PRESS DIGEST- Financial Times - February 24

Feb 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Maersk and MSC to take temporary control of key Panama Canal ports

- FedEx sues Trump administration for tariff refunds

- Novo Nordisk shares drop 16% after poor trial results for new obesity drug

- Citi to sell another stake in Mexico's Banamex ahead of IPO

Overview

- Danish shipping giant Maersk MAERSKb.CO and Swiss-based MSC are to take over the operations of two key ports on the Panama Canal after their Hong Kong-based operator was ejected last month, the Panamanian government said on Monday.

- Shipping company FedEx FDX.N has sued the U.S. government for a refund on Donald Trump's emergency tariffs, the first large American company to do so since the Supreme Court found the sweeping levies illegal.

- Novo Nordisk NOVOb.CO shares tumbled 16% on Monday after the latest weight-loss drug from Europe's pharmaceuticals champion disappointed in a key trial.

- Citigroup C.N has agreed to sell a 24% stake in Banamex to several new investors, marking a new step towards a full divestiture of the Mexican retail bank.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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