Verizon, Vodafone set $1.55 billion breakup fee
(Reuters) – Verizon Communications Inc and Vodafone Group Plc agreed to a $1.55 billion breakup fee if their $130 billion deal falls apart.
India’s new central bank governor to step into eye of rupee storm
MUMBAI/NEW DELHI (Reuters) – Raghuram Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India’s economy on Thursday as the new governor of India’s central bank and chief defender of a nose-diving r…
Bribery by GSK China was coordinated at company level: Xinhua
SHANGHAI (Reuters) – A Chinese police investigation into drugmaker GlaxoSmithKline has discovered that alleged bribery of doctors in China was coordinated by the British company and was not the work of individual employees, state media reported on Tues…
Swiss banks apologize for assisting tax cheats
ZURICH (Reuters) – Switzerland’s banks on Tuesday issued an unusually direct apology for their role in helping tax cheats, following a landmark settlement with U.S. authorities which could threaten the existence of some firms.
S&P rating warning, Middle East fears heap more pressure on sliding India rupee
MUMBAI (Reuters) – The Indian rupee fell below 68 to the dollar to near record lows on Tuesday after Standard & Poor’s said there was a more than one-in-three chance of a ratings downgrade for the country and as fears of war in the Middle East roiled global markets.
Insight: It’s all in the wrist – Who has vision to crack the “smartwatch”?
SINGAPORE (Reuters) – The smartwatch could be as revolutionary as the smartphone – an intelligent device on our wrist that connects our bodies to data and us to the world – but only a handful of companies have the heft and vision to be able to pull it …
Renault adapts management structure after COO exit
PARIS (Reuters) – Renault announced plans to appoint two new senior managers in charge of performance and competitiveness to replace Chief Operating Officer Carlos Tavares, who stepped down abruptly last week.
German car sales retreat in August
BERLIN (Reuters) – Car sales in Germany, Europe’s largest auto market, declined in August after growing slightly a month earlier, casting doubt on the chances of a recovery in vehicle demand in the region.
COO resigns at Macau casino operator Sands China
HONG KONG (Reuters) – The chief operating officer of Macau casino Sands China Ltd , controlled by U.S. billionaire Sheldon Adelson, has resigned, a company representative said on Tuesday.
Adjustment in Indian rupee was called for: PM adviser
NEW DELHI (Reuters) – Adjustment in India’s rupee, which has fallen by nearly 20 percent since May, was called as the country has seen high inflation compared with other countries, Prime Minister’s economic adviser C. Rangarajan said on Tuesday.
