Rogue trader jailed for UK’s biggest fraud warns it could happen again
LONDON (Reuters) – Kweku Adoboli, the rogue trader jailed in 2012 for the biggest fraud in British history, has said his crimes could be repeated because bankers still faced the same pressure to make profits “no matter what”.
China calls for British nuclear project to proceed
BEIJING (Reuters) – China on Monday called for Britain to proceed with a nuclear power plant project partly invested in by a Chinese firm, saying the project had firm support from London, after Britain’s new government said it would review it again.
Israel’s taxman investigating 8,000 accounts at HSBC in Switzerland
JERUSALEM (Reuters) – Israel’s tax authority, looking to crack down on unreported capital, said on Monday it has received a list from French authorities of more than 8,000 Israeli customers that held bank accounts at the Swiss arm of HSBC.
Factories struggle as world demand sputters
LONDON/SYDNEY (Reuters) – British manufacturers slammed on the brakes last month after the Brexit vote and growth eased in the euro zone, surveys indicated, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort.
UK and China regulators discuss framework for financial projects
(This story filed on July 31, 2016 corrects final paragraph to take out reference to China’s Ministry of Finance. A request for comment had not been made at that time)
GSK and Google parent forge $715 million bioelectronic medicines firm
LONDON (Reuters) – GlaxoSmithKline and Google parent Alphabet’s life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a novel field of medicine called bioelectronics.
Fed’s Dudley urges caution on rate hikes, cites risks to U.S.
NUSA DUA, Indonesia (Reuters) – The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end o…
China July factory activity unexpectedly dips on softer orders, flooding
BEIJING (Reuters) – Activity in China’s manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, adding to fears the economy will slow in coming months unless the government steps up a…
GM ‘bullish’ on China, sees market reaching 30 million cars by 2020: executive
BEIJING (Reuters) – General Motors Co is “quite bullish” about the recovering auto market in China and is responding to a shift in growth toward utilitarian models in smaller cities, a segment often ignored by foreign automakers, said GM China chief M…
Tesla, SolarCity set to announce merger: sources
(Reuters) – Tesla Motors Inc and SolarCity Corp could announce they have agreed to merge as early as Monday, people familiar with the matter said, setting the stage for a campaign to convince the two companies’ shareholders to back the deal.
