U.S. regulators looking into UBS, Deutsche Bank speed trading operations
FRANKFURT/ZURICH (Reuters) – Germany’s Deutsche Bank and Switzerland’s UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
Reynolds American profit rises 6.7 pct on higher pricing
(Reuters) – Tobacco major Reynolds American Inc’s quarterly profit rose 6.7 percent as price increases helped to make up for a drop in cigarette volumes.
China regulator announces anti-monopoly probe of Microsoft
BEIJING (Reuters) – A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest in a growing number of competition probes that have unnerved Western firms in C…
Deutsche Bank pretax profit rises as markets focus pays off
FRANKFURT (Reuters) – Deutsche Bank AG’s bid to become “last man standing” in European investment banking is working, the bank said on Tuesday, even as the threat intensifies of costly litigation and regulatory actions.
Airbus terminates sale of six A380 superjumbos to Japan’s Skymark
TOKYO (Reuters) – Airbus Group NV said on Tuesday it has terminated an agreement to deliver six A380 superjumbo jets to Skymark Airlines Inc after the Japanese discount carrier struggled to raise enough cash to pay installments on the aircraft.
McDonald’s Japan withdraws profit guidance after China food scare
TOKYO (Reuters) – McDonald’s Holdings Co (Japan) withdrew its earnings guidance for the year on Tuesday and said it was working on a contingency plan after a major meat supplier in China was shut down by regulators for food safety breaches.
UBS says books 254 million Sfr against second quarter to settle one German tax probe
ZURICH (Reuters) – UBS booked a 254 million Swiss franc ($280.79 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business….
BP profit jumps but warns of Russia sanctions impact
LONDON (Reuters) – Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
Shanghai court says trial of GSK-linked investigators set for August 8
SHANGHAI (Reuters) – The public trial of a foreign couple linked to GlaxoSmithKline Plc (GSK) is set for Aug. 8, a Shanghai court said on Tuesday.
Jaded Argentines brace for looming debt default
BUENOS AIRES (Reuters) – Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina’s 2001-2002 economic crash and debt default.
