Exclusive: EU to fine Yazaki, Leoni, two other car parts makers – sources
BRUSSELS (Reuters) – EU antitrust regulators will next week penalize four car parts makers including Yazaki and Leoni for taking part in a cartel, three people familiar with the matter said on Friday, as part of a crackdown on price-fixing in the secto…
Moody’s places UK bank RBS’s debt ratings under review
LONDON (Reuters) – Ratings agency Moody’s has placed Royal Bank of Scotland’s credit ratings on review for downgrade after Britain’s finance ministry said it was considering breaking up the bank.
Dell shares fall as investors bet against higher buyout bid
(Reuters) – Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition.
BMPS foundation supports legal action against banks, ex-managers
MILAN (Reuters) – The controlling shareholder of Banca Monte dei Paschi di Siena said Friday it wants to ask for damages against the lender’s former managers and two foreign banks over loss-making derivative trades that brought it close to collapse.
Swiss court allows Credit Suisse to hand client data to U.S.
ZURICH (Reuters) – Switzerland’s top court has ruled that the government can transfer the bank records of an American client of Credit Suisse to the U.S. tax authorities, giving a boost to the country’s efforts to end U.S. investigations of Swiss banks…
GM reaffirms plan to move Opel up market in Europe
DETROIT (Reuters) – General Motors Co reiterated a plan to position its struggling Opel line as a more expensive brand in Europe, while carving out a space for its mainstream Chevrolet nameplate as its value offering on the continent.
Daimler says France blocking some new registrations
STUTTGART (Reuters) – France has blocked the registration of some new Daimler Mercedes cars which an EU source said was because of a controversial air conditioning coolant.
After first steer, Carney faces bigger guidance challenge
LONDON (Reuters) – Mark Carney has wasted no time telling investors they are getting ahead of themselves with their bets on when British interest rates might start to rise.
EU and China close in on solar panel deal
BRUSSELS/SHANGHAI (Reuters) – The European Union and China are moving towards a deal to defuse a conflict over alleged dumping of solar panels in Europe, officials from both sides said on Friday, aiming to head off a damaging trade war in goods from st…
Banks may have to hold even more capital to cover risk
LONDON (Reuters) – Banks may have to hold yet more capital after a study showed wide variations in how lenders calculate risks on their books, global regulators said in their latest bid to restore trust in the tarnished sector.
