Jailed Libor trader Hayes denied UK Supreme Court appeal
LONDON (Reuters) – Tom Hayes, a former UBS and Citigroup trader serving an 11-year jail sentence for conspiring to rig Libor global interest rates, was on Tuesday blocked from appealing to the UK’s Supreme Court against his conviction.
Goldman banker Leissner quit after violating company rule: source
SINGAPORE (Reuters) – Goldman Sachs’ Southeast Asia chairman, Tim Leissner, resigned last month after he had allegedly violated the firm’s internal rules, a person familiar with the matter said on Tuesday, confirming a Wall Street Journal report.
U.S. industry body says India agreed to not issue ‘compulsory’ drug licenses
MUMBAI (Reuters) – India has given private assurances that it will not grant licenses allowing local firms to override patents and make cheap copies of drugs by big Western drugmakers, a U.S. business advocacy group said.
VW delayed announcing cheating in hope of striking deal, its lawyers say
(Reuters) – Volkswagen’s delay in announcing it had cheated U.S. diesel emission tests was a legitimate move aimed at striking a deal with regulators to limit the cost of the scandal, the carmaker’s lawyers said in a report to a German court.
Who’s next? Asia investor activism set to grow after BlackRock public campaign
HONG KONG (Reuters) – Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015.
Ssangyong Motor targets U.S. entry in late 2019: CEO
SEOUL (Reuters) – South Korean automaker Ssangyong Motor Co , owned by India’s Mahindra & Mahindra , is preparing for a “make or break” foray into the U.S. market under a new company name as early as 2019, its chief executive said on Tuesday.
Lockheed aims to build satellites 40 percent quicker, lower costs
WASHINGTON (Reuters) – Lockheed Martin Corp, known for making big, expensive military satellites that take years to complete, is setting ambitious targets for lowering costs, shortening the time it takes to build new satellites, and adopting new techno…
U.S. slaps export curbs on China’s ZTE over alleged Iran scheme
WASHINGTON (Reuters) – A new U.S. export restriction against China’s ZTE Corp for alleged Iran sanctions violations is likely to disrupt the telecom manufacturer’s sprawling global supply chain and could create substantial parts shortages, according to…
China says ‘resolutely opposed’ to U.S. export restrictions on ZTE
WASHINGTON/HONG KONG (Reuters) – New export restrictions against China’s ZTE Corp for alleged Iran sanctions violations drew fire from the Chinese government, which said on Tuesday it was “resolutely opposed” to the measures but stopped short of announ…
Justice Department asks judge to revisit NY iPhone case
WASHINGTON (Reuters) – The U.S. Justice Department on Monday sought to overturn a ruling which protects Apple from unlocking an iPhone in a New York drug case.
