Swiss watchdog opens bank probe into precious metal collusion
ZURICH (Reuters) – The Swiss competition regulator has opened an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of manipulation probes.
Novo shares jump ahead of its largest ever drug launch
COPENHAGEN (Reuters) – Shares in Novo Nordisk rose as much as 5 percent on Monday after the U.S. Food and Drug Administration (FDA) approved the diabetes drug Tresiba, allowing the Danish drugmaker to prepare its largest ever drug launch.
Some euro zone banks don’t comply with governance standards: ECB’s Lautenschlaeger
FRANKFURT, Sept 28 (Reuters) – The European Central Bank has found that a number of banks under its watch do not comply with international governance best practices, such as separating the audit and risk functions, an ECB executive board member said on…
Vodafone says Liberty Global tie-up talks ended
LONDON (Reuters) – Talks between Vodafone and Liberty Global about exchanging assets to better compete in Europe’s converging mobile, broadband and TV markets collapsed on Monday because they could not agree on the value of their businesses.
U.S. regulator considers expanding Takata air bag recalls: Bloomberg
(Reuters) – The U.S. regulator overseeing the replacement of Takata Corp air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc , Bloomber…
Volkswagen shares could get cheaper: Barron’s
NEW YORK (Reuters) – Buying shares of Volkswagen AG before the potential toll of the German carmaker’s diesel emissions scandal becomes clear is a dangerous move for investors, according to a report on Sunday in Barron’s financial newspaper.
Greek finance minister confident of returning to growth: FT
(Reuters) – Greece’s new finance minister, Euclid Tsakalotos, while speaking to the Financial Times, said he “didn’t see any reason” why growth wouldn’t return to the beleaguered European nation, a week after it re-elected the left-wing Syriza party wi…
Asset managers slap health warnings on China funds in risk rethink
HONG KONG (Reuters) – Fund managers are adding new warnings to China investment products in a bid to reduce their legal liability if regulators repeat the heavy-handed intervention in financial markets that rattled investors globally.
AB InBev could bid $106 billion for SAB Miller: Sunday Times
NEW YORK (Reuters) – Anheuser-Busch InBev SA could bid about $106 billion for SABMiller within days, with an opening offer expected as early as Monday morning, the Sunday Times reported.
Ferragamo CEO sticks to core profit guidance despite China slowdown
MILAN (Reuters) – The chief executive of Italian luxury goods maker Salvatore Ferragamo stuck on Sunday to last month’s profit guidance despite slowing growth in Asia, its biggest market.
