UK prosecutors granted arrest warrants for Euribor Five
LONDON (Reuters) – British prosecutors have been granted warrants for the arrest of four Germans and a Frenchman they want to bring to London to face charges of conspiracy to rig Euribor benchmark interest rates.
German court clears former Porsche CEO over VW bid
STUTTGART, Germany (Reuters) – A German court has acquitted Wendelin Wiedeking, a former chief executive of Porsche , of alleged market manipulation in the course of one of the auto industry’s most controversial takeover battles.
Fed bank supervisors can curb but not eliminate failures: Dudley
NEW YORK (Reuters) – The army of supervisors from the Federal Reserve and other agencies can reduce but not eliminate the risk of bank failures, New York Fed President William Dudley said on Friday.
Dollar steadies, shares on best run in two years
LONDON (Reuters) – World shares headed for a fifth straight week of gains on Friday, their best run in more than two years, as this week’s losses by the dollar, central bank reassurances and a 2016 high for oil all boosted confidence.
Staples, Office Depot say FTC opposition to deal ‘simply wrong’
(Reuters) – Staples Inc said the U.S. Federal Trade Commission’s opposition to its $6.3 billion acquisition of Office Depot Inc was “simply wrong” and that it did not take into account increasing competition from online retailers.
BofA raises share buyback by up to $800 million
(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.
Bitcoin finds room in small funds; large institutions still on sidelines
NEW YORK (Reuters) – Digital currency bitcoin has found favor among smaller investors, thanks to the availability of funds designed to invest in it, but remains a niche among the larger investing community.
How UK company formation agents fuel fraud
LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows.
Indian airlines look to smaller planes in regional push
HYDERABAD, India (Reuters) – Indian airlines are in talks with ATR, Bombardier and Embraer to buy smaller planes to fly to the country’s booming second and third tier cities ahead of a government drive to get more of the country connected by air.
Toshiba says it may write down nuclear business, U.S. units probed
TOKYO (Reuters) – Japan’s Toshiba Corp said on Friday it was looking at whether it would need to write down its nuclear business given damage to the company’s credit profile after a $1.3 billion accounting scandal last year.
