Barclays reaches $100 million U.S. Libor settlement: NY attorney general
WASHINGTON (Reuters) – Barclays has reached a $100 million multi-state settlement over charges that it manipulated the Libor and Euribor interest rate benchmarks, New York Attorney General Eric Schneiderman said on Monday.
German court to speed up VW investor lawsuits
BERLIN (Reuters) – A German court will adopt a rarely used class-action style procedure to more efficiently process claims by investors seeking damages from Volkswagen over a diesel emissions cheating scandal, according to a ruling.
Valeant names new general counsel, says PR head to leave
(Reuters) – Canadian drugmaker Valeant Pharmaceuticals International Inc on Monday named a new general counsel and announced the departure of its public relations head.
Steinhoff springs a surprise with $3.8 billion Mattress Firm deal
JOHANNESBURG (Reuters) – Steinhoff’s $3.8 billion purchase of debt-laden Mattress Firm, the largest U.S. specialty bedding vendor, will help cut its exposure to a weak home market and gain a big presence in the world’s biggest retail market.
UK fraud probe casts shadow over Airbus jet sales
PARIS (Reuters) – Airbus Group is bracing for a lengthy period of uncertainty over its core commercial jetliner business after Britain said it would examine suspected irregularities in the use of third-party agents to win contracts.
Brexit will hardly hit North America, Middle East or CIS states: survey
BERLIN (Reuters) – Britain’s vote to leave the European Union will hurt the economies of Britain and EU member states, especially Ireland, but will hardly affect North America, the Middle East or the Russia-led Commonwealth of Independent States, a sur…
Amazon Japan raided on suspicion of antitrust practices: Nikkei
TOKYO (Reuters) – Japan’s Fair Trade Commission has raided the offices of Amazon.com Inc’s local unit on suspicion of pressuring retailers to offer products at lower prices than on rival sites, the Nikkei business daily said on Monday.
Global stocks, dollar gain as payrolls fuel risk-on trades
LONDON (Reuters) – Stock markets rose on Monday and the dollar extended gains as risk appetite revived following strong U.S. job figures that bolstered expectations of faster growth in the world’s biggest economy.
Pay up by 10 percent for Britain’s top bosses in 2015, survey shows
LONDON (Reuters) – The average pay of bosses in Britain’s FTSE 100 rose more than 10 percent in 2015 to an average of 5.5 million pounds, according to a survey that is likely to reinforce a drive by Prime Minister Theresa May to curb excessive pay.
Fed’s Powell urges patience on U.S. rates, citing growth risks
LONDON (Reuters) – The U.S. economy is at increasing risk of becoming trapped in a prolonged phase of slow growth that points to the need for lower interest rates than previously expected, Federal Reserve policymaker Jerome Powell was quoted as saying….
