Thursday, June 30, 2016

UPDATE 1-Philippines to review all mines as environmentalist takes the helm

* New minister to evaluate if Philippines is safe from

mining

Read more

How MTN sliced billions off its Nigerian telecoms fine

* MTN hired ex-U.S. attorney general to help reach

settlement

Read more

PRESS DIGEST - Wall Street Journal - July 1

July 1 (Reuters) - The following are the top stories in the

Wall Street Journal. Reuters has not verified these stories and

does not vouch for their accuracy.

Read more

UPDATE 2-Petroperu fined, president ousted over oil spills in Amazon

LIMA, June 30 (Reuters) - The Peruvian government dismissed

the head of Petroperu, German Velasquez, and fined the

state-owned energy company about $3.5 million after the third

oil spill in the...

Read more

PRESS DIGEST- Financial Times - July 1

July 1 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 2-U.S. opens investigation in Tesla after fatal crash in Autopilot mode

WASHINGTON, June 30 (Reuters) - A fatal accident in which

the driver of a Tesla Motors Inc Model S operating in

Autopilot mode was killed in a collision with a truck has

prompted an investigation by...

Read more

UPDATE 1-NuVasive settles spinal surgery patent fight with Medtronic

June 30 (Reuters) - Medical device maker NuVasive Inc

will pay rival Medtronic Plc $45 million to

settle a longstanding patent fight related to spinal surgery

technology, NuVasive said on Thursday.

Read more

Philippine mining set for bumpy ride under Duterte administration

MANILA, July 1 (Reuters) - After the Philippines became the

top supplier of nickel ore to China in the last two years, its

struggling mining industry may have felt like it was turning a

corner.

Read more

UPDATE 1-U.S. opens investigation in Tesla after fatal crash in Autopilot mode

June 30 (Reuters) - The U.S. National Highway Traffic Safety

Administration (NHTSA) said on Thursday it is opening a

preliminary investigation into 25,000 Tesla Motors

Model S cars after a driver of...

Read more

BRIEF-Tesla says Autopilot "is not perfect and still requires the driver to remain alert"

* Learned "NHTSA is opening a preliminary evaluation into

the performance of autopilot during a recent fatal crash that

occurred in a Model S"

Read more

Chesapeake Partners to shut hedge fund, cites M&A woes

BOSTON, June 30 (Reuters) - Chesapeake Partners, a $1.4

billion hedge fund that bet on special situations including

mergers, bankruptcies and spin-offs, is shutting down after an

18-month stretch of...

Read more

Deals of the day- Mergers and acquisitions

June 30 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 2000 GMT on

Thursday:

Read more

UPDATE 1-Canada court overturns federal approval of Enbridge oil pipeline

VANCOUVER, June 30 (Reuters) - Canada's Federal Court of

Appeal has overturned the approval of Enbridge Inc's

Northern Gateway pipeline, which would carry oil from the

Alberta oil sands to a port in...

Read more

BRIEF-Nustar Energy files for potential stock shelf, size not disclosed

* Files for potential stock shelf; size not disclosed - sec

filing

Source text : http://1.usa.gov/29cYg4r

Further company coverage:

(Bengaluru Newsroom; +1 646 223 8780)

Read more

U.S. Volkswagen owners: Your compensation from scandal settlement



Read more

UPDATE 1-U.S. calls for urgent repairs of 300,000 recalled Honda vehicles

WASHINGTON, June 30 (Reuters) - U.S. auto safety regulators

warned on Thursday that Takata air bag inflators on more than

300,000 unrepaired recalled Honda vehicles show a substantial

risk of...

Read more

California probing oil cos for alleged manipulation of gas prices-WSJ

June 30 (Reuters) - California's attorney general has

subpoenaed Exxon Mobil Corp, Tesoro Corp and

Chevron Corp as part of an investigation into whether

the companies artificially raised gasoline...

Read more

UPDATE 2-Visa, MasterCard $7.25 bln settlement with retailers is voided

NEW YORK, June 30 (Reuters) - A federal appeals court on

Thursday threw out a $7.25 billion antitrust settlement that

Visa Inc and MasterCard Inc had reached with

millions of retailers that accused...

Read more

Mylan offers EC concessions to get approval for $7.2 bln Meda buy

BRUSSELS, June 30 - U.S. generic drugmaker Mylan NV

has offered concessions in a bid to allay concerns by EU

competition regulators over its proposed $7.2-billion

acquisition of Swedish rival Meda,...

Read more

UPDATE 3-Italy's UniCredit names Mustier as new CEO

* Plans to sell assets, boost capital - source

(Adds bank statement, details)

Read more

German ratings agencies merge to gain clout in U.S.-dominated market

FRANKFURT, June 30 (Reuters) - Two small German ratings

agencies with a combined European market share of less than 3

percent are merging to increase their clout in a market

dominated by the big...

Read more

Visa, MasterCard antitrust settlement with merchants is voided

NEW YORK, June 30 (Reuters) - A federal appeals court on

Thursday threw out a $7.25 billion antitrust settlement among

Visa Inc, MasterCard Inc and millions of retailers

over credit card fees.

Read more

UPDATE 1-Brazil police raid offices of major builders in railway probe

BRASILIA, June 30 (Reuters) - Brazil's federal police on

Thursday raided the offices of at least 12 builders to seek

evidence of a cartel handling railway projects, antitrust

watchdog Cade said.

Read more

BRIEF-Aratana Therapeutics files for FDA approval of Nocita

* Aratana Therapeutics files for FDA approval of

Nocita(bupivacaine liposome injectable suspension)

Read more

Brazil police raids offices of major builders in railway probe

BRASILIA, June 30 (Reuters) - Brazil's federal police on

Thursday raided the offices of at least 12 builders to seek

evidence of an alleged cartel in railway projects, Brazilian

antitrust watchdog...

Read more

EU Commission ready to respond to post-Brexit market turmoil - Dombrovskis

BRUSSELS, June 30 (Reuters) - The European Commission stands

ready to cooperate with central banks and other authorities to

quell market turbulences that may follow the Brexit vote in the

coming...

Read more

UniCredit board appoints Mustier as new CEO - sources

MILAN, June 30 (Reuters) - Italy's biggest bank by assets,

UniCredit, has appointed French investment banker

Jean-Pierre Mustier as its new chief executive, two sources

close to the matter said on...

Read more

Spanish authorities raid Google offices over tax - source

MADRID, June 30 (Reuters) - Spanish officials raided

Google's Madrid offices on Thursday in a probe related to its

payment of taxes, a person familiar with the matter said, and

the internet company...

Read more

BRIEF-S. Africa's Competition Tribunal approves AB InBev, SABMiller deal

* Approves Anheuser-Busch InBev merger with SABMiller with

attached conditions

Read more

UPDATE 1-Top banker calls for clarity on British position on EU talks

* UK minister Baldwin says markets can cope with volatility

(Adds more detail, Baldwin, Flint)

Read more

Santander, Deutsche Bank: U.S. stress test repeat offenders

New York, June 30 (Reuters) - U.S. units of Deutsche Bank

and Santander suffered the ignominy of

failing U.S. stress tests yet again this year, less than a week

after Britain's shocking vote to...

Read more

Wednesday, June 29, 2016

U.S. watchdog examines SoftBank over ex-president Arora -Bloomberg

TOKYO, June 30 (Reuters) - U.S. regulators are examining

Japanese internet conglomerate SoftBank Group over possible

conflicts of interest or other problems involving former

president Nikesh Arora,...

Read more

Netflix CEO says firm continues to look into entering China

SEOUL, June 30 (Reuters) - Netflix Inc will

continue to look into the possibility of entering China, Chief

Executive Reed Hastings said on Thursday, as the video streaming

service seeks to grow its...

Read more

UPDATE 1-China's 'left field' buyers shake up global M&A

* Boom in due diligence industry as little-known firms make

bids

Read more

Puerto Rico still seen defaulting on debt even with rescue law

NEW YORK, June 29 (Reuters) - Investors in Puerto Rico's

debt-burdened economy still face risks of default on some of the

island's $70 billion in debt even after the U.S. Congress on

Wednesday...

Read more

UPDATE 2-Brazil government to veto proposal on foreign airline ownership

BRASILIA, June 29 (Reuters) - Brazil's interim government

said on Wednesday it will veto an amendment to an aviation bill

scrapping limits on foreign ownership of domestic airlines to

save the rest...

Read more

PRESS DIGEST- Financial Times - June 30

June 30 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 3-U.S. Senate passes Puerto Rico debt bill, sends to Obama

WASHINGTON, June 29 (Reuters) - The U.S. Senate gave solid

approval on Wednesday to a relief plan to help Puerto Rico

address its $70 billion debt, sending the measure to President

Obama for his...

Read more

UPDATE 1-U.S. judge dismisses SIFMA case over market data fees

NEW YORK, June 29 (Reuters) - A U.S. judge dismissed a

long-simmering legal battle over the cost of market data that is

used by brokerages and high-speed trading firms, in a victory

for the New York...

Read more

UPDATE 1-Most big U.S. banks pass Fed's stress test, boosting shareholder payouts

NEW YORK/WASHINGTON, June 29 (Reuters) - Nearly all of the

largest U.S. banks are on steady enough footing to increase

payouts to shareholders, the U.S. Federal Reserve said on

Wednesday, with just...

Read more

China's 'left field' buyers shake up global M&A

* Boom in due diligence industry as little-known firms make

bids

Read more

BRIEF-Flagstar Bancorp says redemption of TARP preferred stock

* Flagstar Bancorp Inc says redemption of TARP preferred

stock

Read more

BRIEF-Aina Le'a Inc files for non-timely 10-K

* Says was unable to obtain certain information necessary to

complete filing of its form 10-K within prescribed time period

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom:...

Read more

Deutsche, Santander fail U.S. stress test; Morgan Stanley gets second chance

NEW YORK/WASHINGTON, June 29 (Reuters) - U.S. bank

subsidiaries of Deutsche Bank AG and Banco Santander

SA yet again failed the Federal Reserve's stress test

on Wednesday due to "broad and...

Read more

BancorpSouth to settle U.S. charges of racial discrimination

WASHINGTON, June 29 (Reuters) - BancorpSouth Inc has

agreed to pay $10.6 million to settle civil charges that it

discriminated against black prospective home buyers who applied

for mortgages, the...

Read more

U.S. judge dismisses SIFMA case over market data fees

NEW YORK, June 29 (Reuters) - A U.S. judge dismissed a

long-simmering legal battle over the cost of market data that is

used by brokerages and high-speed trading firms, in a victory

for the New...

Read more

UPDATE 2-FCC pegs cost to reallocate TV spectrum for wireless use at $86.4 bln

WASHINGTON, June 29 (Reuters) - The U.S. Federal

Communications Commission said on Wednesday the price of

reallocating 126 MHz of television broadcast airwaves for

wireless use is $86.4 billion.

Read more

UPDATE 1-U.S. SEC international corporate finance chief to leave agency

June 29 (Reuters) - Paul Dudek, chief of the U.S. Securities

and Exchange Commission's Office of International Corporate

Finance since 1993, is leaving the agency at the end of the

month, it said on...

Read more

BRIEF-Joy Global says received subpoena from division of enforcement of U.S. SEC in Q4 of 2014

* Joy Global Inc says received subpoena from division of

enforcement of U.S. SEC in Q4 of 2014

Read more

UPDATE 2-GE's finance unit sheds its "too big to fail" designation

June 29 (Reuters) - General Electric Co.'s slimmed

down financing arm shed its "too big to fail" designation on

Wednesday, no longer deemed by the U.S. government "systemically

important" and so...

Read more

Belgian privacy regulator loses case against Facebook

BRUSSELS, June 29 (Reuters) - The Belgian data protection

authority said on Wednesday it had lost a legal battle with

Facebook in which it sought to stop the social network

tracking the online...

Read more

BRIEF-UK's CMA says not refer Mckesson unit, AAH Pharma-UDG deal for phase 2 probe

* UK's CMA says decided not to refer merger by Mckesson Corp unit AAH Pharmaceuticals of

MASTA and Sangers to a Phase 2 investigation.

Source text for Eikon: (http://bit.ly/29eSv3J)

(Bengaluru...

Read more

Bank of England's Carney to give speech on Thursday

LONDON, June 29 (Reuters) - Bank of England Governor Mark

Carney will deliver a speech at 1500 GMT on Thursday, the

central bank announced on its website on Wednesday.

Read more

Italy's Renzi says Spain, Portugal risk EU deficit sanctions

BRUSSELS, June 29 (Reuters) - Spain and Portugal risk

European Union sanctions for their public deficits, Italy's

prime minister said on Wednesday after an EU summit where

leaders discussed member...

Read more

Banks on edge over UK passporting options

LONDON, June 29 (IFR) - Investment banks are scrambling to establish how post-Brexit changes

in the UK's "passporting" rights for financial services will impact their businesses, putting

thousands of...

Read more

U.S. lifts "too big to fail" designation of GE's financing unit

WASHINGTON, June 29 (Reuters) - Lender GE Capital on

Wednesday became the first firm to lose its designation as

"systemically important," a label born of the financial crisis

that the U.S. government...

Read more

BRIEF-U.S. releases impounded PureCircle stevia for import -statement

June 29 (Reuters) - U.S. Customs and Border Protection (CBP)

has released the PureCircle Ltd shipments of stevia it

detained in May for alleged links to a supplier that used force

labor, the company...

Read more

UPDATE 1-Shire says ADHD drug meets main goal of study

June 29 (Reuters) - Irish drugmaker Shire Plc said a

study testing an experimental drug to treat attention-deficit

disorder met the main goal, bringing the drug one step closer to

approval in the...

Read more

BRIEF-Cascadian Therapeutics receives Ont-380 fast track designation from FDA for treatment of advanced breast cancer

* Says company is actively recruiting patients for a

randomized, double-blind, placebo-controlled phase 2 study

Read more

BRIEF-Evolution Petroleum announces settlement of Denbury litigation

* Evolution Petroleum announces settlement of Denbury

litigation

Read more

BRIEF-Lipocine gets complete response letter for LPCN 1021 from FDA

* Lipocine receives complete response letter (crl) for LPCN

1021 From U.S. Food And Drug Administration

Read more

Hong Kong regulator censures Bank of America units for takeover code breaches

HONG KONG, June 29 (Reuters) - Hong Kong's securities

regulator has publicly censured two units of Bank of America

for breaches of the city's takeover codes in relation to

two transactions last year.

Read more

Market infrastructure coped well with Brexit fallout - EU watchdog

LONDON, June 29 (Reuters) - The European Union's financial

markets "coped well" with fallout from Britain's decision last

week to leave the bloc, with no extraordinary measures needed by

regulators,...

Read more

UPDATE 1-Toyota recalls 3.37 mln cars over airbag, emissions control issues

WASHINGTON/TOKYO, June 29 (Reuters) - Japan's Toyota Motor

Corp has recalled 3.37 million cars worldwide over

possible defects involving airbags and emissions control units.

Read more

Tuesday, June 28, 2016

BRIEF-Energy Transfer Equity announces termination of merger agreement with Williams Companies

* ETE's counsel Latham & Watkins unable to deliver required

tax opinion prior to June 28, 2016, outside date in merger

agreement

Read more

PRESS DIGEST- New York Times business news - June 29

June 29 (Reuters) - The following are the top stories on the

New York Times business pages. Reuters has not verified these

stories and does not vouch for their accuracy.

Read more

Some Coca-Cola products to be temporarily unavailable in Vermont stores

June 28 (Reuters) - Coca-Cola Co's said some products

would be temporarily unavailable in Vermont stores as the

world's largest beverage maker gears up for a GMO-labeling law

going into effect on...

Read more

BRIEF-Crane co issues statement on decision by New York State Court of Appeals in Dummitt and Suttner asbestos cases

* Crane co issues statement on decision by New York State

Court of Appeals in Dummitt and Suttner asbestos cases

Read more

PRESS DIGEST- Financial Times - June 29

June 29 (Reuters) - The following are the top stories in the

Financial Times. Reuters has not verified these stories and does

not vouch for their accuracy.

Read more

UPDATE 2-Brazil's Hypermarcas sinks as former executive admits bribery

SAO PAULO/BRASILIA, June 28 (Reuters) - Shares of

Hypermarcas SA, the largest Brazilian producer of generic drugs,

had their biggest intraday plunge in four years on Tuesday, on

reports that a former...

Read more

Sanders back in U.S. Senate, blasts 'colonialism' in Puerto Rico

WASHINGTON, June 28 (Reuters) - Democratic U.S. presidential

hopeful Bernie Sanders brought his firebrand rhetoric back to

the floor of the Senate on Tuesday to condemn a White

House-backed bill on...

Read more

UPDATE 1-U.S. FDA panel backs claim Lilly diabetes drug cuts cardiac death

June 28 (Reuters) - Eli Lilly & Co and Boehringer

Ingelheim should be allowed to claim that their diabetes drug

Jardiance cuts the risk of cardiovascular death, an advisory

panel to the U.S. Food and...

Read more

UPDATE 2-Draghi sees Brexit vote hitting euro zone growth by up to 0.5 pct over 3 years - official

BERLIN, June 28 (Reuters) - European Central Bank President

Mario Draghi told EU leaders on Tuesday that Britain's decision

to leave the EU could reduce euro zone growth by a cumulative

0.3 to 0.5...

Read more

Congressional watchdog expands probe of lax Wall St oversight

NEW YORK, June 28 (Reuters) - A U.S. congressional watchdog

said on Tuesday it has formally added three agencies to its

investigation into whether government regulators are too soft on

the banks they...

Read more

BRIEF-Talend SA files for U.S. IPO of up to $86.25 million

* Applied to list ADSS on Nasdaq Global Market under symbol

"TLND"

Read more

Investors seek ruling against Petrobras in corruption lawsuit

NEW YORK, June 28 (Reuters) - Investors suing Brazil's

state-run oil firm Petrobras to recoup billions of

dollars in losses argued on Tuesday that the arrests and plea

deals of top company executives...

Read more

Top U.S. Senate Democrat says he will support Puerto Rico bill

WASHINGTON, June 28 (Reuters) - Senate Democratic leader

Harry Reid said on Tuesday that he will support a bill to

address Puerto Rico's financial crisis when it comes up for an

important procedural...

Read more

BRIEF-U.S. FDA says continues to find benefits of flumist quadrivalent outweigh any potential risks

* FDA continues to find that the benefits of flumist

quadrivalent outweigh any potential risks

Read more

America Movil to pay $1.1 mln to settle FCC probe

WASHINGTON June 28 (Reuters) - Puerto Rico Telephone Company

and its parent company, America Movil of Mexico, will

pay $1.1 million to resolve a U.S. investigation over foreign

ownership levels, the...

Read more

Ball wins U.S. antitrust approval to buy Rexam on condition it sell can plants



Read more

EU regulators readying third Google antitrust charge - sources

BRUSSELS, June 28 - Alphabet's Google may face a

third EU antitrust charge as soon as next month, this time

focusing on its revenue mainstay AdWords ad placement service,

three people familiar with...

Read more

European Commission will extend glyphosate licence for 18 months

BRUSSELS, June 28 (Reuters) - The European Commission will

extend by 18 months its approval for weed-killer glyphosate,

used in Monsanto's Roundup, Health Commissioner Vytenis

Andriukaitis said on...

Read more

BRIEF-Welsh Carson Anderson & Stowe X LP dissolves stake in Universal American

* Welsh Carson Anderson & Stowe X Lp Dissolves Stake In

Universal American Corp As Of June 27 - Sec filing

Read more

Credit Suisse chairman sees prolonged uncertainty over Brexit vote

BERN, June 28 (Reuters) - The uncertainty caused by

Britain's vote to leave the European Union is unlikely to go

away in the coming weeks, the chairman of Swiss bank Credit

Suisse said on Tuesday.

Read more

UPDATE 1-Top German regulator says no to London HQ for Deutsche Boerse-LSE

* Hufeld says London should not keep euro-trading

(Adds detail, Hufeld quotes)

Read more

BRIEF-Modern Meadow says it raised about $40 mln in financing - SEC filing

* Modern Meadow Inc files to say it raised about $40 mln in

financing that included equity, warrants and other securities -

SEC filing

Source: (http://1.usa.gov/298lqcI

)

(Bengaluru Newsroom: +1...

Read more

Canada antitrust regulator clears Canexus-Superior Plus deal

June 28 (Reuters) - Canadian chemical company Canexus Corp

said Canada's antitrust regulator had approved its

proposed buyout by rival Superior Plus Corp.

Read more

BRIEF-Celyad says study has not succeeded - conference call

* Says with p-value witnessed optimistic that a partner will

take this further in the U.S. - conf call

Read more

Airbus chief says UK is 'indispensable' to Airbus

PARIS, June 28 (Reuters) - Britain is an indispensable part

of the European aerospace industry, the head of Airbus Group

said on Wednesday, softening earlier comments he made

on the country's shock...

Read more

UPDATE 1-U.S. files VW settlement, details buybacks

WASHINGTON, June 28 (Reuters) - Volkswagen AG

has agreed to a settlement worth more than $15.3 billion,

according to a court document filed on Tuesday and a source

briefed on the matter.

Read more

UPDATE 4-Volkswagen's U.S. diesel emissions settlement to cost $15 bln - sources

WASHINGTON, June 28 (Reuters) - Volkswagen AG's

settlement with nearly 500,000 U.S. customers and government

regulators over polluting diesel vehicles is valued at more than

$15 billion cash, two...

Read more

German watchdog against London HQ for Boerse-LSE

FRANKFURT, June 28 (Reuters) - The head of German financial

market regulator Bafin on Tuesday came out against London as the

main base for a merged group combining London Stock Exchange

and Deutsche...

Read more

BRIEF-UK's CMA says not to recommend McKesson-Bupa Home deal to in-depth investigation

* Decided not to recommend McKesson Corp deal with Bupa Home

Healthcare to a phase 2 investigation

Source text: http://bit.ly/292ycrB

Further company coverage:

(Bengaluru Newsroom)

Read more

UPDATE 1-Empty houses and jobless maids: Indonesia's expat exodus gathers pace

JAKARTA, June 28 (Reuters) - Foreign workers are leaving

Indonesia at an increasing rate due to the slump in commodity

prices that has forced resource companies to slash jobs at a

time when the...

Read more

BRIEF-Xencor enteres into collaboration and license agreement with Novartis

* Xencor announces strategic collaboration for bispecific

programs, including XMAB 14045 and XMAB 13676

Read more

Monday, June 27, 2016

Roche anticipates quicker U.S. approval for new MS drug

ZURICH, June 28 (Reuters) - Roche 's new multiple

sclerosis (MS) drug could be approved in the United States this

year, earlier than previously forecast, the Swiss drugmaker said

on Tuesday, after...

Read more

S.Korea antitrust regulator says investigating Apple on 'some matters'

SEOUL, June 28 (Reuters) - South Korea's Fair Trade

Commission (FTC) is investigating "some matters" relating to

tech giant Apple Inc, the head of the anticompetition

body said during a parliamentary...

Read more

Pfizer to invest $350 mln in China biotech hub, first in Asia

SHANGHAI, June 28 (Reuters) - Pfizer Inc will invest

$350 million to build a biotech centre in China, the latest in a

series of moves by pharma industry giants to set up shop in the

world's no. 2...

Read more

RPT-Empty houses and jobless maids: Indonesia's expat exodus gathers pace

JAKARTA, June 28 (Reuters) - Foreign workers are leaving

Indonesia at an increasing rate due to the slump in commodity

prices that has forced resource companies to slash jobs at a

time when the...

Read more

Airbnb sues San Francisco over registration policy

SAN FRANCISCO, June 27 (Reuters) - Airbnb sued the city of

San Francisco on Monday, arguing that a recent ordinance which

requires hosts to register with the city violates the online

home-sharing...

Read more

RPT-Empty houses and jobless maids: Indonesia's expat exodus gathers pace

JAKARTA, June 28 (Reuters) - Foreign workers are leaving

Indonesia at an increasing rate due to the slump in commodity

prices that has forced resource companies to slash jobs at a

time when the...

Read more

UPDATE 1-U.S. Senate set to begin debate on Puerto Rico debt relief bill

WASHINGTON/NEW YORK, June 27 (Reuters) - After months of

waiting for the U.S. Congress to act as Puerto Rico's economic

crisis progressively worsened, the Caribbean island is on the

verge of securing...

Read more

U.S. senator, opposing FBI email data grabs, places hold on spy bill

WASHINGTON, June 27 (Reuters) - A Democratic senator on

Monday prevented legislation from being quickly considered that

would expand the FBI's power to use secretive surveillance

orders to obtain...

Read more

Empty houses and jobless maids: Indonesia's expat exodus gathers pace

JAKARTA, June 28 (Reuters) - Foreign workers are leaving

Indonesia at an increasing rate due to the slump in commodity

prices that has forced resource companies to slash jobs at a

time when the...

Read more

UPDATE 1-U.S. extends ZTE reprieve for alleged Iran sanctions violations

WASHINGTON, June 27 (Reuters) - The U.S. government has

extended through Aug. 30 a reprieve to ZTE Corp on

tough export restrictions imposed on the Chinese smartphone

maker in March for allegedly...

Read more

Texas ex-tycoon Wyly ordered to pay $1.1 bln for tax fraud

June 27 (Reuters) - A federal bankruptcy judge in Texas on

Monday ordered former billionaire Sam Wyly to pay $1.11 billion

in back taxes, interest and penalties after finding he committed

tax fraud...

Read more

U.S. Senate set to begin debate on Puerto Rico debt relief bill

WASHINGTON, June 27 (Reuters) - The U.S. Senate is on track

to cast its first votes on a Puerto Rico debt relief bill as

early as Wednesday after Majority Leader Mitch McConnell took

steps late on...

Read more

India cuts RBI shortlist to 4; Rajan on MPC search team-officials

NEW DELHI, June 27 (Reuters) - The Indian government has

whittled down its list of candidates to become the next governor

of the Reserve Bank of India to four, three of whom are

economists and...

Read more

Sunday, June 26, 2016

UPDATE 1-Australia's Asciano resolves dispute gnawing at $6.8 bln buyout

* Shares trading below offer price on uncertainty

(Adds regulatory decision date, shares)

Read more

Texas 'Frack Master' bilked investors out of millions, SEC says

NEW YORK, June 27 (Reuters) - Texas oilman Chris Faulkner

built a high-profile public persona, raised millions for his oil

and gas ventures and courted politicians. But the SEC has

alleged that...

Read more

RPT-Chinese insurers run "Titanic" risks for titanic returns

* Top insurers quadruple investment in alternative assets in

5 yrs

Read more

EU plans moving bank regulator from London as euro zone eyes City business

* EBA to be relocated soon after Brexit, two EU officials

said

Read more

Rosatom's global nuclear ambition cramped by Kremlin politics

PARIS/MOSCOW, June 26 (Reuters) - The $100 billion overseas

order book of Russia's nuclear power plant builder Rosatom --

bigger than all its Western competitors combined -- makes it

look like the...

Read more

UPDATE 1-UK will retain access to the EU single market, says Brexit leader Johnson

LONDON, June 26 (Reuters) - Britain will continue to have

access to the European Union's single market despite voting to

leave the bloc, leading Brexit campaigner and favourite to

become the...

Read more

Senior Merkel ally says London should be allowed Brexit rethink

BERLIN, June 26 (Reuters) - German Chancellor Angela

Merkel's chief of staff has said politicians in London should be

able to have the chance to think again about the consequences of

leaving the...

Read more

UPDATE 1-"Risky trinity" requires urgent global policy action, BIS says

LONDON, June 26(Reuters) - Global economic policy urgently

needs rebalancing, the Bank for International Settlements (BIS)

said on Sunday, as the world faces a "risky trinity" of high

debt, low...

Read more

Central banks will smooth Brexit-driven market moves -BIS head

VIENNA, June 26 (Reuters) - Major central banks will limit

market turbulence as much as possible after Britain voted to

leave the European Union, the head of the Bank for International

Settlements...

Read more

"Risky trinity" requires urgent global policy action, BIS says

LONDON, June 26(Reuters) - Global economic policy urgently

needs rebalancing, the Bank for International Settlements (BIS)

said on Sunday, as the world faces a "risky trinity" of high

debt, low...

Read more

VW should pay Europeans same compensation as US drivers-EU commissioner

BERLIN, June 26 (Reuters) - Volkswagen AG should

offer European drivers similar compensation to what the German

carmaker is expected to pay U.S. customers, Europe's Industry

Commissioner Elzbieta...

Read more

RPT-Google, Facebook quietly move toward automatic blocking of extremist videos

SAN FRANCISCO/WASHINGTON, June 24 (Reuters) - Some of the

web's biggest destinations for watching videos have quietly

started using automation to remove extremist content from their

sites, according...

Read more

Saturday, June 25, 2016

Chinese insurers run "Titanic" risks for titanic returns

* Top insurers quadruple investment in alternative assets in

5 yrs

Read more

UPDATE 1-TransCanada formally seeks NAFTA damages in Keystone XL rejection

TORONTO, June 25 (Reuters) - TransCanada Corp is

formally requesting arbitration over U.S. President Barack

Obama's rejection of the Keystone XL pipeline, seeking $15

billion in damages, the company...

Read more

TransCanada formally seeks damages over Keystone XL rejection

TORONTO, June 25 (Reuters) - TransCanada Corp is

formally requesting arbitration over U.S. President Barack

Obama's rejection of the Keystone XL pipeline, seeking $15

billion in damages, the company...

Read more

Brazil's Temer says women should retire earlier than men - paper

SAO PAULO, June 25 (Reuters) - Brazil's interim President

Michel Temer told local newspapers women should retire earlier

than men, explaining why he did not support making a potential

minimum...

Read more

UPDATE 2-China-backed AIIB seeks cooperation and new members

* AIIB must comply with multilateral agency rules -Alexander

(Adds quotes on governance standards, details on operations)

Read more

UPDATE 2-ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"

PARIS, June 25 (Reuters) - London's financial centre will

lose its prized "EU passport" if Britain fails to secure

continued access to the bloc's single market in its exit talks,

ECB Governing...

Read more

UPDATE 1-China tightens controls on paid-for internet search ads

BEIJING, June 25 (Reuters) - China's internet regulator said

on Saturday that search engines should tighten management of

paid-for ads in search results, making clear which results are

paid-for and...

Read more

ECB's Villeroy: Brexit talks must be quick, City of London at risk of losing "EU passport"

PARIS, June 25 (Reuters) - Brexit talks must be carried out

quickly to limit uncertainties, ECB Governing Council member

Francois Villeroy de Galhau said on Saturday, adding the City of

London...

Read more

Friday, June 24, 2016

China tightens controls on paid-for internet search ads

BEIJING, June 25 (Reuters) - China's internet regulator said

on Saturday that search engines should tighten management of

paid-for ads in search results, making clear which results are

paid-for and...

Read more

Arizona says it has run out of drugs for executions

June 24 (Reuters) - Arizona has run out of execution drugs,

including a sedative implicated in botched lethal injections,

according to a filing on Friday in a court case challenging the

U.S. state's...

Read more

BRIEF-Energy Transfer Equity announces Chancery Court decision in litigation with the Williams Companies

* Energy Transfer Equity announces Chancery Court decision in litigation with the Williams

Companies

Read more

UPDATE 3-Court says ETE can walk away from $20 bln Williams takeover

NEW YORK/WILMINGTON, Del., June 24 (Reuters) - Energy

Transfer Equity won a court ruling on Friday that would

allow the pipeline operator to walk away from its more than $20

billion takeover of rival...

Read more

UPDATE 1-U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes

HOUSTON, June 24 (Reuters) - With a number of U.S. states

proceeding with investigations of Exxon Mobil Corp's

record on climate change, the attorney general of Massachusetts

and investment funds of...

Read more

U.S. states, Rockefellers clash with U.S. House panel on Exxon climate probes

HOUSTON, June 24 (Reuters) - With many U.S. states

proceeding with investigations of Exxon Mobil Corp's

record on climate change, the attorney general of Massachusetts

and investment funds of the...

Read more

Top U.S. regulators say financial system functioning in 'orderly manner'

WASHINGTON, June 24 (Reuters) - U.S. financial regulators on

Friday said the country's financial system is functioning in an

"orderly manner" after Britain voted to leave the European Union

and sent...

Read more

Top U.S. financial regulators to discuss 'Brexit' by phone on Friday

WASHINGTON, June 24 (Reuters) - The heads of all the U.S.

financial regulatory agencies will hold a meeting by phone on

Friday to discuss the vote by Britain to leave the European

Union, according to...

Read more

Delaware judge rules for ETE in Williams merger dispute



Read more

UPDATE 1-Rio doping lab's credentials suspended ahead of Olympics

SAO PAULO, June 24 (Reuters) - The World Anti-Doping Agency

(WADA) has suspended the credentials of a testing laboratory in

Rio de Janeiro that didn't conform with international standards,

just over...

Read more

U.S. derivatives, commodities markets functioning normally after Brexit -CFTC

WASHINGTON, June 24 (Reuters) - The U.S. commodities

regulator said on Friday it was monitoring the effects of

Britain's vote to leave the European Union, and that the markets

its oversees, which...

Read more

BRIEF-Paion, unit of Cosmo Pharmaceuticals enter into license deal for Remimazolam

* Co and Cosmo Technologies Ltd, unit of Cosmo

Pharmaceuticals NV, entered into license agreement for

Remimazolam

Read more

WRAPUP 20-'Explosive shock' as Britain votes to leave EU, Cameron quits

LONDON, June 24 (Reuters) - Britain has voted to leave the

European Union, forcing the resignation of Prime Minister David

Cameron and dealing the biggest blow since World War Two to the

European...

Read more

Draft white paper in works to address CMBS risk rules

NEW YORK, June 24 (IFR) - Four top law firms are working on

a white paper that some hope would help bring more clarity to

risk-retention regulations in the CMBS market which come into

effect at the...

Read more

U.S. Comptroller monitoring effects of Brexit on banking system

WASHINGTON, June 24 (Reuters) - The U.S. Comptroller of the

Currency's office is carefully monitoring the country's banking

system following Britain's vote to withdraw from the European

Union, a...

Read more

Brazil's Bible, beef and bullets lobby backs Temer, unfazed by scandal

BRASILIA, June 24 (Reuters) - Conservative legislators in

Brazil say they will back interim President Michel Temer through

a growing corruption scandal in return for support for their

right-wing...

Read more

BRIEF-CNB Financial announces receipt of regulatory approvals in connection with Lake National Bank deal

* CNB Financial Corporation announces receipt of final

regulatory approvals in connection with acquisition of Lake

National Bank

Read more

Germany imposes limits on fracking

BERLIN/FRANKFURT, June 24 (Reuters) - Germany imposed limits

on fracking on Friday, dealing a blow to efforts to develop

shale gas.

Read more

BRIEF-OHL Mexico's Amozoc-Perote highway receives approval to extend concession

* Said on Thursday its unit Grupo Autopistas Nacionales

(GANA) has received authorization to extend the concession

period and gradually increase tariffs on Amozoc-Perote highway

Read more

U.S. FDA panel to vote whether diabetes drug cuts cardiac death

June 24 (Reuters) - An advisory panel to the U.S. Food and

Drug Administration will be asked to vote next week on whether a

diabetes drug made by Eli Lilly & Co and Boehringer

Ingelheim cuts the risk...

Read more

UPDATE 1-U.S. FDA panel to vote whether diabetes drug cuts cardiac death

June 24 (Reuters) - An advisory panel to the U.S. Food and

Drug Administration will be asked to vote next week on whether a

diabetes drug made by Eli Lilly & Co and Boehringer

Ingelheim cuts the risk...

Read more

Brexit spells upheaval for EU and UK drug regulation

LONDON, June 24 (Reuters) - Britain's vote to leave the

European Union spells regulatory uncertainty for drug companies,

with the London-based European Medicines Agency (EMA), which

approves...

Read more

Lobby group AFME says Brexit will "significantly" impact UK banks' business in Europe

LONDON, June 24 (Reuters) - Britain's decision to end its EU

membership will affect UK banks' ability to serve customers

across Europe and create years of uncertainty in markets,

industry lobby group...

Read more

European airlines slump on Brexit vote, IAG warns on profit



Read more

UK watchdog says Brexit will have major implications for finance

LONDON, June 24 (Reuters) - Britain's financial watchdog

said on Friday the UK vote to leave the European Union will have

"significant" implications for the country and it was monitoring

markets...

Read more

Japan's banks brace for counterparty risks at British peers following Brexit

TOKYO, June 24 (Reuters) - Japan's banks are bracing for a

potential rise in British peers' counterparty risks after

Britain voted to leave the European Union, banking industry

sources said, with the...

Read more

UPDATE 1-LSE, Deutsche Boerse press on with $30 bln merger after Brexit vote

* LSE share -12.8 pct, Deutsche Boerse share -8.4 pct

(Adds quote, detail, context, shares)

Read more

EU, United States agree changes to strengthen data transfer pact

* Washington offered more clarity on use of bulk

surveillance

Read more

ISDA says no immediate impact on derivatives contracts from UK Brexit vote

LONDON, June 24 (Reuters) - Britain's decision to leave the

European Union will have "significant implications" for

financial markets and could alter how the world's $550 trillion

derivatives sector...

Read more

Saxo says content with current margin requirements for traders

LONDON, June 24 (Reuters) - Leading retail foreign exchange

broker Saxo Bank said on Friday it was content with the amounts

customers have to deposit with them to trade as Britain voted to

leave the...

Read more

Thursday, June 23, 2016

BREXIT VOTE - FOREIGN MINISTER HAMMOND WHAT THE COUNTRY NEEDS NOW IS CONTINUITY AND STABILITY

BREXIT VOTE - FOREIGN MINISTER HAMMOND WHAT THE COUNTRY NEEDS

NOW IS CONTINUITY AND STABILITY

Read more

UK financial centre says continued access to EU market crucial after Brexit

LONDON, June 24 (Reuters) - Britain's vote to leave the

European Union won't result in a "mass exit" of banks and other

financial institutions, the City of London financial district

said on Friday.

Read more

Qualcomm files complaint in China court against smartphone maker Meizu

June 24 (Reuters) - Qualcomm Inc has filed a

complaint in a Chinese court against smartphone maker Meizu

Technology Co after the tech giant said it was unable to reach a

licensing accord with one of...

Read more

California regulators voice support for cap and trade program

SAN FRANCISCO, June 23 (Reuters) - Staff for California's

air regulator on Thursday recommended the state extend its

carbon cap and trade system beyond 2020, a move supported by

utilities and some...

Read more

UPDATE 1-S.Korea issues arrest warrant for VW exec in emissions probe

SEOUL, June 24 (Reuters) - A South Korean court on Friday

issued the first warrant for the arrest of a Volkswagen AG

executive in connection with its cheating of vehicle

emissions tests, in another...

Read more

PRESS DIGEST- British Business - June 24

June 24 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

Read more

UPDATE 2-U.S. banks flex capital muscle in annual stress test

June 23 (Reuters) - Big U.S. banks are proving themselves to

be stronger and sounder in an annual regulatory stress test,

even as the Federal Reserve changes doomsday scenarios to keep

them on their...

Read more

REFILE-UPDATE 1-Dodd, Frank blast ruling that MetLife not too big to fail

June 23 (Reuters) - A federal court's striking down of the

government's designation of insurer MetLife Inc as

"too-big-to-fail" could undermine efforts to head off another

financial crisis, authors...

Read more

UPDATE 1-Penn West CEO criticizes Alberta's stricter energy asset sale rules

CALGARY, Alberta, June 23 (Reuters) - New rules from

Alberta's energy regulator determining which companies are

deemed strong enough to buy assets are off the mark in terms of

fairness and...

Read more

UPDATE 1-Fiat Chrysler accused of concealing defect in Jeep Grand Cherokee

LOS ANGELES, June 23 (Reuters) - Jeep Grand Cherokee owners

on Thursday filed suit in California against Fiat Chrysler

, accusing the automaker of concealing and failing to

fix a shifter design...

Read more

Arkansas Supreme Court upholds lethal injection protocols

LITTLE ROCK, Ark., June 23 (Reuters) - The Arkansas Supreme

Court on Thursday upheld execution protocols regarding lethal

injection drugs, moving the state that has not held an execution

in more than...

Read more

BRIEF-Baxter says Delaware court validates amendment to declassify company's board

* Court of Chancery of State of Delaware validated charter

amendment to declassify company's board of directors

Read more

UPDATE 1-Arista infringes Cisco networking patents, trade agency rules

NEW YORK, June 23 (Reuters) - Network equipment maker Cisco

Systems Inc won a key victory in a sprawling legal

battle with rival Arista Networks Inc on Thursday as

the U.S. International Trade...

Read more

UPDATE 2-VW to pay over $10 bln for U.S. emissions scandal - source

WASHINGTON, June 23 (Reuters) - Volkswagen AG

will pay nearly $10.3 billion to settle claims by U.S.

regulators stemming from its diesel emissions cheating scandal,

a source briefed on the agreement...

Read more

UPDATE 2-California insurance chief urges U.S. to block Aetna-Humana deal

NEW YORK, June 23 (Reuters) - California's insurance

commissioner on Thursday urged national antitrust regulators to

block health insurer Aetna Inc's proposed $34 billion

acquisition of Humana Inc.

Read more

VW's U.S. emissions settlement nearly $10.3 billion -source

June 23 (Reuters) - Volkswagen AG's diesel

emissions settlement with U.S. regulators is valued at nearly

$10.3 billion, a source briefed on the agreement said on

Thursday.

Read more

UPDATE 2- U.S. spurns AstraZeneca's nasal spray flu vaccine as ineffective

LONDON/CHICAGO, June 23 (Reuters) - U.S. health officials

have advised doctors not to use AstraZeneca's FluMist in

the upcoming flu season based on three years of U.S. data

showing that the nasal...

Read more

Canada's chief bank lobbyist to step down next year

TORONTO, June 23 (Reuters) - The chief lobbyist for Canada's

banks, Terry Campbell, is to step down as chief executive of the

Canadian Bankers Association (CBA) next year, he told Reuters,

leaving...

Read more

UPDATE 2-Merrill Lynch to pay $415 mln for misusing customer cash-SEC

June 23 (Reuters) - Bank of America Corp's Merrill

Lynch unit will pay $415 million in the largest customer

protection settlement in the Securities and Exchange

Commission's history and admit to...

Read more

UPDATE 1-BofA's Merrill Lynch unit fined for failing to disclose note fees

June 23 (Reuters) - Bank of America Corp's Merrill

Lynch unit will pay a $10 million penalty to settle charges its

offering materials for a risky type of note misled investors,

the U.S. Securities...

Read more

Jeep's first software fixes for recalled autos start this month-CEO

Chelsea, MICHIGAN, June 23 (Reuters) - Fiat Chrysler

Automobiles NV chief of Jeep brand Mike

Manley said Thursday software fixes for 1.1 million vehicles

that were recalled for rollaway risks,...

Read more

UPDATE 1-Investor group DSW to go to court over VW emissions probe

* VW declines to comment

(Adds VW comment and background on DSW, Hermes)

Read more

Merrill Lynch to pay $415 mln for misusing customer cash-SEC

June 23 (Reuters) - Bank of America Corp's Merrill Lynch

unit will pay $415 million and admit to wrongdoing to settle

charges that it misused customer cash to generate profits and

failed to safeguard...

Read more

BRIEF-Gilead says European Commission grants marketing authorization for Odefsey

* European Commission grants marketing authorization for

Gilead's single tablet regimen Odefsey (emtricitabine,

rilpivirine, tenofovir alafenamide) for the treatment of HIV

Read more

BRIEF-PSA Group gives full approval to enviro-prime epic electrocoat by PPG

* Psa group gives full approval to enviro-prime epic

electrocoat by ppg

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

Read more

BRIEF-St. Jude Medical says announces CE Mark approval and launch of SyncAV CRT software

* Announced ce mark approval and launch of syncav crt

software

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

Read more

UPDATE 1-Fiat Chrysler recalls 13,000 Maserati cars for rollaway issue

WASHINGTON, June 23 (Reuters) - Fiat Chrysler Automobiles

NV's Maserati unit is recalling 13,092 Quattroporte

and Ghibli luxury cars in the United States because they may

roll away after drivers...

Read more

EU mergers and takeovers (June 23)

BRUSSELS, June 23 (Reuters) - The following are mergers

under review by the European Commission and a brief guide to the

EU merger process:

Read more

India's Sun Pharma bets on new products to boost U.S. skincare products growth

MUMBAI, June 23 (Reuters) - India's largest drugmaker Sun

Pharmaceutical Industries is banking on the launch of

newer and more complex products to offset rising competition in

its lucrative U.S....

Read more

BRIEF-Airbus Safran set to win EU approval to take over Arianespace SA- Bloomberg

* Airbus Safran Launchers SAS is set to win EU approval as

soon as next month to take over Arianespace SA-Bloomberg, citing

sources

Read more

Russia's Quadra chairman Dod may face more charges - investigators

MOSCOW, June 23 (Reuters) - Chairman of Russian electricity

producer Quadra Yevgeny Dod may face more charges, the Russian

Investigative Committee said in a statement on Thursday.

Read more

UPDATE 1-Brazil police arrest former minister Paulo Bernardo - media

BRASILIA, June 23 (Reuters) - Brazil police arrested former

minister Paulo Bernardo and raided Workers Party headquarters in

Sao Paulo on Thursday in the latest stage of its massive probe

into...

Read more

BRIEF-GE gets offer from Cerberus Capital for its consumer finance business in France

* Ge receives binding offer from cerberus capital management

for sale of consumer finance business in france

Read more

U.S. Supreme Court weighs review of canceled patent on prenatal test

NEW YORK, June 23 (Reuters) - Companies, trade groups and

universities who fear that many important discoveries may no

longer qualify for patents are among a broad coalition urging

the U.S. Supreme...

Read more

Wednesday, June 22, 2016

Philadelphia Energy shopping East Coast's largest refinery -sources

NEW YORK, June 23 (Reuters) - Philadelphia Energy Solutions,

the Carlyle Group-backed company that breathed new life into a

"zombie" refinery complex on the East Coast is now trying to

shed the...

Read more

PRESS DIGEST - Wall Street Journal - June 23

June 23 (Reuters) - The following are the top stories in the

Wall Street Journal. Reuters has not verified these stories and

does not vouch for their accuracy.

Read more

Japan's FSA monitoring bank FX liquidity ahead of Brexit vote - sources

TOKYO, June 23 (Reuters) - Japan's financial regulator is

monitoring foreign currency liquidity among the country's banks

and brokerages ahead of Britain's closely-run referendum on

European Union...

Read more

PRESS DIGEST- British Business - June 23

June 23 - The following are the top stories on the business

pages of British newspapers. Reuters has not verified these

stories and does not vouch for their accuracy.

Read more

UPDATE 4-VW owners close ranks as investors vent fury over crisis

* CEO stresses readiness to change to assuage critics

(Adds voting behaviour and comment from Lower Saxony)

Read more

U.S. SEC accuses U.K. man of hacking, fraudulent trades

NEW YORK, June 22 (Reuters) - The U.S. Securities and

Exchange Commission sued a U.K. man it said hacked into online

brokerage accounts of several U.S. investors, placed

unauthorized stock trades,...

Read more

Some mortgage servicers break U.S. rules, mostly due to technology -consumer bureau

WASHINGTON, June 22 (Reuters) - Some mortgage servicers are

failing to follow federal rules intended to help struggling

borrowers avoid foreclosure, often because they use faulty

technology, the U.S....

Read more

COLUMN-For U.S. retirees, 2017 COLA lacks fizz

CHICAGO, June 22 (Reuters) - Retirees will receive a paltry

increase in their Social Security checks in 2017 - the second

consecutive year of flat or near-flat benefits, and the fifth

year of...

Read more

UPDATE 1-Canada pilot fatigue rules to start in 2018 for large carriers -union

MONTREAL, June 22 (Reuters) - Proposed Canadian rules to

ensure commercial pilots get enough rest would go into effect in

2018 for WestJet Airlines Ltd and Air Canada

but apply to smaller carriers...

Read more

FAA proposes two new fines against Amazon.com over hazardous shipments

WASHINGTON, June 22 (Reuters) - The U.S. Federal Aviation

Administration said on Wednesday it is proposing $130,000 in

civil fines against Amazon.com Inc for two new

violations of shipping products...

Read more

BRIEF-Emera acquisition of Teco Energy approved by New Mexico Public Regulation Commission

* Emera acquisition of Teco Energy approved by New Mexico

Public Regulation Commission

Read more

Brazil audit court judge sees cartel at Petrobras refinery

BRASILIA, June 22 (Reuters) - There is evidence of 16

Brazilian companies, including builders OAS and Odebrecht,

forming a cartel to divide up contracts for the Abreu e Lima

refinery in northeast...

Read more

UPDATE 2-U.S. Senate votes down proposal to expand FBI surveillance powers

WASHINGTON, June 22 (Reuters) - The U.S. Senate on Wednesday

voted down a Republican-backed proposal to expand the Federal

Bureau of Investigation's secretive surveillance powers after

the mass...

Read more

Democratic senators ask U.S. Justice Dept to block insurance megamergers

WASHINGTON, June 22 (Reuters) - Seven Democratic senators

urged the U.S. Justice Department on Wednesday to block two

mergers of major health insurance companies, saying that the

proposed deals would...

Read more

Brazil probe likely to hamper Eletrobras asset sales

SAO PAULO, June 22 (Reuters) - Several graft and bribes

probes into Centrais Elétricas Brasileiras SA could delay asset

sale plans at Brazil's state-controlled power holding company,

analysts and...

Read more

UPDATE 2-Ex-Deutsche Bank trader pleaded guilty in U.S. to Libor scheme -records

NEW YORK, June 22 (Reuters) - U.S. prosecutors have secured

a guilty plea from a second former Deutsche Bank AG

trader for conspiring to manipulate Libor, the benchmark

interest rate at the center...

Read more

NY regulator: Some banks aren't complying with settlement pacts

NEW YORK, June 22 (Reuters) - Monitors who are keeping tabs

on financial institutions that settled misconduct charges with

New York State's financial regulator have uncovered "serious

compliance...

Read more

UPDATE 2-Ex-boss of Russian state firm charged with fraud

MOSCOW, June 22 (Reuters) - Russian investigators charged

the former head of a major state power generator on Wednesday

with fraudulently giving himself a bonus of about $10 million,

in the...

Read more

U.S. Senate votes down proposal to expand FBI surveillance powers

WASHINGTON, June 22 (Reuters) - The U.S. Senate on Wednesday

voted down a Republican-backed proposal to expand the Federal

Bureau of Investigation's secretive surveillance powers after

the mass...

Read more

Ex-Deutsche Bank trader pleaded guilty in U.S. to Libor scheme: records

NEW YORK, June 22 (Reuters) - U.S. prosecutors have secured

a guilty plea from a second former Deutsche Bank AG

trader for conspiring to manipulate Libor, the benchmark

interest rate at the center...

Read more

Massachusetts securities regulator cracks down on fake proxy voting

BOSTON, June 22 (Reuters) - The securities regulator for

Massachusetts said on Wednesday he has reached a settlement with

seven firms in connection with unauthorized proxy voting in

American Realty...

Read more

Banco do Brasil sees possible 3rd qtr rebound in consumer credit

SAO PAULO, June 22 (Reuters) - State-controlled Banco do

Brasil SA, the nation's largest bank by assets,

expects demand for consumer credit to slightly recover in the

third quarter, Raul Moreira,...

Read more

BRIEF-Analogic says resolves distributor inquiry

* Reached agreements with sec, department of justice, and

danish government resolving previously disclosed fcpa

investigation

Read more

BRIEF-Agenus Inc starts phase 1/2 clinical trial of anti-GITR agonist antibody

* Expect to initiate additional clinical studies with

antibodies and immuno-oncology leads from comprehensive pipeline

in next twelve months

Read more

UPDATE 1-Italy's 5-star wants vote on euro, joining wave of referendums

* France's Le Pen, Britain's Farage say EU falling apart

(Adds background, Len Pen comments)

Read more

Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK bankers -data

LONDON, June 22 (Reuters) - London-based bankers considering

a possible relocation if Britain votes out of the European Union

would suffer pay cuts of up to 80 percent if they were to move

to...

Read more

Israel eyes law to remove online content inciting terrorism

TEL AVIV, June 22 (Reuters) - Israel's Justice Ministry is

drafting legislation that would enable it to order Facebook,

YouTube, Twitter and other social media to remove online

postings it deems to...

Read more

BRIEF-Compugen says discloses lead therapeutic candidate for CGEN-15029 immuno-oncology program

* Discloses Lead Therapeutic Candidate For Cgen-15029

immuno-oncology program

Read more

Conditions perfect to lift Iceland's capital controls - finance minister

LONDON, June 22 (Reuters) - Conditions are perfect to lift

capital controls imposed on Iceland's economy during a 2008

financial crisis, Finance Minister Bjarni Benediktsson said on

Wednesday.

Read more

BRIEF-Swoot says raised 2.8 mln in equity financing

* Says it has raised 2.8 mln in equity financing from total

offering amount of $3.0 mln-Sec filing

Source text for Eikon: (http://1.usa.gov/28OyN17)

(Bengaluru Newsroom: +1-646-223-8780)

Read more

PRESS DIGEST- British Business - June 22

June 22 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

Read more

Tuesday, June 21, 2016

UPDATE 1-Top U.S. regulators discuss possibility of Britain leaving EU - Treasury

WASHINGTON, June 21 (Reuters) - The heads of the U.S.

financial regulatory agencies, including Treasury Secretary Jack

Lew, conferred on Tuesday about the upcoming "Brexit" vote in a

regularly...

Read more

U.S. bank offers cyber insurance against wire-transfer fraud

June 21 (Reuters) - Grandpoint Bank on Tuesday introduced

cyber insurance policies to reimburse business customers for

fast-growing wire-transfer fraud schemes.

Read more

BRIEF-U.S. Federal Court of Appeals rules in favor of Immersion

* Immersion Corp says U.S. Federal court of appeals rules in

favor of immersion

Read more

Top U.S. regulators discuss possibility of Britain leaving EU - Treasury

WASHINGTON, June 21 (Reuters) - The heads of the U.S.

financial regulatory agencies, including Treasury Secretary Jack

Lew, conferred on Tuesday about the upcoming "Brexit" vote in a

regularly...

Read more

BRIEF-Michael Kors CEO John Idol's total compensation $15.07 mln in 2016

* Honorary Chairman & Chief Creative Officer Michael Kors'

2016 total compensation was $15.1 million - sec filing

Read more

Fed warns U.S. equity valuations "well above" median

NEW YORK, June 21 (Reuters) - The Federal Reserve on Tuesday

delivered its starkest warning yet under Chair Janet Yellen that

by its assessment U.S. stocks are pricey.

Read more

Ryanair warns of two to three-year downturn if Britain leaves the EU

PARIS, June 21 (Reuters) - Ryanair boss Michael

O'Leary warned on Tuesday of a two to three-year economic

downturn if Britain votes to leave the European Union and said

that Brussels has been given a...

Read more

Brazil speaker refuses to quit, denies corruption charges

BRASILIA, June 21 (Reuters) - Brazil's suspended House

speaker, Eduardo Cunha, denied any criminal wrongdoing on

Tuesday and said he will not resign, even though he has already

been indicted for...

Read more

BRIEF-Moody's says additional lawsuits might further delay Puerto Rico's economic recovery

June 21 (Reuters) - Moody'S On Puerto Rico Bondholder

Lawsuit

Read more

Kroton's new offer for Brazilian peer Estacio is final -source

SAO PAULO, June 21 (Reuters) - Kroton Educacional SA's

latest bid for Brazilian peer Estacio Participações

SA is its final offer, a source familiar with

Kroton's plans said on Tuesday, adding that...

Read more

Fed's Powell warns that dollar-based Libor could disappear

June 21 (Reuters) - Financial markets need to consider the

risks of relying heavily on the dollar-based London Interbank

Offer Rate (Libor) because this reference rate could stop being

published,...

Read more

UPDATE 1-Trader Joe's to cut greenhouse gases, pay fine in U.S. settlement

June 21 (Reuters) - The popular U.S. grocery chain Trader

Joe's Co agreed to spend $2 million to reduce refrigerator

coolant leaks at 453 stores, to settle federal claims it failed

to promptly repair...

Read more

Europe's robots to become "electronic persons" under draft plan

MUNICH, Germany, June 21 (Reuters) - Europe's growing army

of robot workers could be classed as "electronic persons" and

their owners liable to paying social security for them if the

European Union...

Read more

BRIEF-MiMedx Group reaches settlement with Medline Industries and Liventa Bioscience for certain claims

* MiMedx reaches settlement with Medline Industries and

Liventa Bioscience for certain claims

Read more

UPDATE 1-Fiat Chrysler to phase out air bag inflators subject to recall by 2019

WASHINGTON, June 21 (Reuters) - Fiat Chrysler Automobiles

said on Tuesday it will halt the use of a Takata air bag

inflator that will be subject to a future recall and will notify

buyers of its 2016...

Read more

BRIEF-Ares Capital files for mixed shelf of upto $3.0 bln

* files for mixed shelf of upto $3.0 billion - Sec filing

Source text : http://1.usa.gov/28Pmgqw

Further company coverage:

(Bengaluru Newsroom; +1 646 223 8780)

Read more

VW says Diess under investigation, sees no evidence of market manipulation

FRANKFURT, June 21 (Reuters) - Volkswagen on

Tuesday confirmed that prosecutors in Braunschweig, Germany,

were probing VW brand chief Herbert Diess as part of an

investigation into whether Europe's...

Read more

UPDATE 1-Kroton raises Estácio bid as battle for Brazil colleges heats up

SAO PAULO/BRASILIA, June 21 (Reuters) - Kroton Educacional

SA, Brazil's largest for-profit education firm,

improved on Tuesday the terms of an unsolicited bid for Estácio

Participações SA in an...

Read more

UPDATE 1-Egypt will decide on Tuesday if EgyptAir black boxes should be sent abroad for repairs

CAIRO, June 21 (Reuters) - Egyptian investigators will

decide later on Tuesday whether the memory units of crashed

EgyptAir flight MS804's black box recorders will need to be sent

abroad or could be...

Read more

BRIEF-Redhill Biopharma says Yeliva met main goal in early-stage study in solid tumors

* Redhill biopharma announces positive final results with

primary and secondary endpoints met in phase 1 study with

yeliva in advanced solid tumors

Read more

BRIEF-Perrigo Company launches non-GMO infant formulas

* Perrigo announces FDA clearance and launch of non-GMO

infant formulas for the U.S. Store brand market

Read more

BRIEF-Emergent BioSolutions says FDA completed pre-approval inspection of manufacturing facility for BioThrax

* Approval inspection of Emergent BioSolutions' large-scale

manufacturing facility for BioThrax

Read more

BRIEF-California State Teachers' Retirement system sues Volkswagen regarding diesel emissions scandal

* Regarding diesel emissions scandal

Further company coverage:

(Frankfurt Newsroom)

Read more

EU envoys extend economic sanctions on Russia until end-January - sources

BRUSSELS, June 21 (Reuters) - Brussels-based envoys of the

European Union's 28 member states agreed on Tuesday to extend

until the end of January the energy, financial and defence

sanctions on Russia...

Read more

Proposals to curb online speech viewed as threat to open internet

SAN FRANCISCO/ TORONTO, June 21 (Reuters) - At least a

dozen countries are considering or have enacted laws restricting

online speech, a trend that is alarming policymakers and others

who see the...

Read more

UPDATE 1-Top German court clears ECB's OMT scheme with minor limits

KARLSRUHE/FRANKFURT, June 21 (Reuters) - Germany's

Constitutional Court rejected on Tuesday a challenge of the

European Central Bank's emergency bond-buying scheme, placing

only minor limits on the...

Read more

BRIEF-Mitsubishi Motors CEO: Considering compensating suppliers for 2-month production stoppage

June 21 (Reuters) - Mitsubishi Motors Corp Chief

Executive Officer Osamu Masuko says:

Read more

Top German court clears ECB's OMT bond buying scheme

FRANKFURT, June 21 (Reuters) - Germany's Constitutional

Court rejected on Tuesday a challenge of the European Central

Bank's emergency bond-buying scheme, clearing a never-used

crisis fighting tool.

Read more

UPDATE 1-Australian watchdog sues Heinz over 'Little Kids' health claims

SYDNEY, June 21 (Reuters) - Australia's consumer watchdog on

Tuesday sued the Australian subsidiary of U.S.-based Kraft Heinz

Co alleging it falsely advertised the nutritional value

of its Little...

Read more

BRIEF-OPKO Health says FDA approves new drug application for Rayaldee

* Fda Approves New Drug Application For Rayaldee To Treat

Secondary Hyperparathyroidism Associated With Vitamin D

Insufficiency In Stage 3

Read more

Monday, June 20, 2016

UPDATE 1-Mitsubishi expects annual loss due to mileage cheating scandal - Kyodo

TOKYO, June 21 (Reuters) - Mitsubishi Motors Corp

expects to post a net loss this financial year over its mileage

cheating scandal, hurt by compensation costs and a slide in

vehicle sales, Kyodo...

Read more

Japan govt says Mitsubishi can resume sales of cars in mileage cheating scandal

TOKYO, June 21 (Reuters) - Japan's transport ministry said

on Tuesday that government tests of Mitsubishi Motors Corp

minivehicles with overstated mileages showed that their

fuel economy was on...

Read more

Bondholders file proposed class action against Volkswagen AG

June 20 (Reuters) - Boston Retirement System, the public

pension fund for Boston municipal employees, filed the first

bondholders proposed class action against Volkswagen AG

related to the company's...

Read more

Australian watchdog sues Heinz over 'Little Kids' health claims

SYDNEY, June 21 (Reuters) - Australia's consumer watchdog on

Tuesday sued the Australian subsidiary of U.S.-based Kraft Heinz

Co alleging it falsely advertised the nutritional value

of its Little...

Read more

UPDATE 1-Canada's provinces reach preliminary deal on pension plan reform

VANCOUVER, June 20 (Reuters) - Canada's provinces agreed in

principle on Monday to support a compromise plan to expand the

country's national pension plan that would see premiums raised

moderately...

Read more

Chinese economic cyber-espionage plummets in U.S. -experts



Read more

UPDATE 4-Fiat Chrysler to investigate crash that killed 'Star Trek' actor

WASHINGTON/LOS ANGELES June 20 (Reuters) - Fiat Chrysler

Automobiles NV said on Monday it would investigate a

crash that killed "Star Trek" actor Anton Yelchin in his

recalled 2015 Jeep Grand...

Read more

Canada provinces reach preliminary deal on pension plan reform -source

VANCOUVER, June 20 (Reuters) - Canada's provinces have

reached an agreement-in-principle to support a compromise plan

to expand the country's national pension plan that would see

premiums raised...

Read more

Uber is added to surge-pricing lawsuit, could prompt arbitration

NEW YORK, June 20 (Reuters) - A federal judge said Uber

Technologies Inc can be added as a defendant in an antitrust

lawsuit against its chief executive officer over its pricing

practices, an outcome...

Read more

Alpha Natural reorganization plan not viable -U.S. government

CHICAGO, June 20 (Reuters) - The U.S. Department of Justice

has opposed a plan by coal producer Alpha Natural Resources

to sell valuable assets to its creditors, which it

said puts significant mine...

Read more

BRIEF-Cellectis says first patient treated in phase 1 trial of UCART19

* Cellectis SA says first patient treated in phase 1 trial

of ucart19 in pediatric acute B lymphoblastic leukemia

Read more

Brazil's Oi, units file for bankruptcy protection

SAO PAULO, June 20 (Reuters) - Oi SA and six subsidiaries

filed for bankruptcy protection in a Rio de Janeiro court on

Monday, after Brazil's most indebted phone carrier failed to

reach an agreement...

Read more

Berkshire workers comp business faulted by California regulator

June 20 (Reuters) - California's insurance commissioner on

Monday said a Berkshire Hathaway Inc insurance business

evaded a state law designed to protect small businesses from

unexpected workers'...

Read more

BRIEF-Redstone's lawyers file to dismiss Mass. court case - CNBC

* Redstone's lawyers file to dismiss Mass. court case - CNBC

Further company coverage:

(Bengaluru Newsroom)

Read more

UPDATE 1-Too-tough capital rules may stifle U.S. lending -Fed's Kashkari

WASHINGTON, June 20 (Reuters) - Regulators may hurt the

economy and push borrowers toward non-bank lenders if they set

too-high capital standards for Wall Street, Neel Kashkari,

president of the...

Read more

Fed's Kashkari says Brexit could have moderate effect on U.S.

WASHINGTON, June 20 (Reuters) - A vote by Britain Thursday

to leave the European Union could have "moderate direct effects"

on the U.S. economy, but probably does not pose big financial

risks, a top...

Read more

UPDATE 1-Vancouver takes legal action to block Kinder Morgan pipeline plan

VANCOUVER, June 20 (Reuters) - The City of Vancouver said on

Monday it had taken legal action against the Canadian energy

regulator's approval of Kinder Morgan's Trans Mountain

pipeline expansion,...

Read more

Bank analysts to face real and imagined stress on Thursday

NEW YORK, June 20 (Reuters) - Wall Street analysts who cover

big banks will endure a long night on Thursday, when a barrage

of data will show how well the largest U.S. financial

institutions can...

Read more

UPDATE 1-U.S. FCC to vote on spectrum for 5G wireless networks

WASHINGTON, June 20 (Reuters) - The U.S. Federal

Communications Commission will vote July 14 on new rules to

identify and open spectrum for next-generation high-speed 5G

wireless applications, the...

Read more

BRIEF-Japanese Govt to allow Mitsubishi to continue selling four minicar models - Nikkei

* Japanese govt to allow mitsubishi to continue selling four

minicar models for which co falsified fuel-efficiency figures -

Nikkei, Citing Sources

Read more

India eases foreign investment rules for airlines

NEW DELHI, June 20 (Reuters) - India eased rules for foreign

investment in the country's aviation sector on Monday in a bid

to boost air travel and develop new airports in Asia's

third-largest...

Read more

RPT-German prosecutors probe former CEO over market manipulation

BERLIN, June 20 (Reuters) - German prosecutors launched a

probe against former Volkswagen Chief Executive

Martin Winterkorn and another senior executive who are suspected

of possible market...

Read more

BRIEF-Oracle announces Pfizer's selection of Oracle cloud for clinical data management

* Oracle announces pfizer's selection of oracle cloud for

clinical data management and trial management across its

clinical trial portfolio

Source text for Eikon:

Further company coverage:

...

Read more

BRIEF-Icahn Enterprises increases offer to buy remaining shares of Federal-Mogul

* On june 17, delivered letter to federal-mogul holdings'

board increasing its offer to acquire remaining shares of co's

common stock

Read more

France to vote against continued EU use of weedkiller glyphosate

BRUSSELS, June 20 (Reuters) - France will vote on Friday

against the continued use of weedkiller glyphosate, its

environment minister said, adding to uncertainty over the future

of widely-used...

Read more

India to hold briefing on FDI rules - official

NEW DELHI, June 20 (Reuters) - A senior Indian government

official was due on Monday to hold a briefing on foreign direct

investment, as reports circulated that Prime Minister Narendra

Modi would...

Read more

UPDATE 1-India announces sweeping reforms to foreign direct investment rules

* Full foreign ownership allowed in defence, civil aviation

(New throughout with announcement)

Read more

BRIEF-Poxel announces positive results PXL770 trial

* Poxel announces positive results from the first stage of

the ongoing PXL770 phase 1 trial

Read more

Sunday, June 19, 2016

UPDATE 1-Malaysia in talks to move startup of B10 biodiesel programme to July

* Mandate to call for B10 for transport, B7 for industry

(Adds details, background, quotes)

Read more

Greek taxes strangle funds industry in name of austerity

* Taxes on mutual fund assets will jump by as much as

seven-fold

Read more

Antitrust regulators worry about proposed Cigna-Anthem merger -WSJ

June 19 (Reuters) - U.S. antitrust regulators are concerned

about health insurer Anthem Inc's proposed acquisition

of Cigna Corp and not sure the companies can offer enough

concessions to maintain...

Read more

Novartis aims to nearly triple biosimilar drugs on market by 2020

KUFSTEIN, Austria, June 20 (Reuters) - Switzerland's

Novartis pledged to nearly triple its number of

biosimilar drugs on the market by 2020, raising its bet that

cheaper versions of blockbuster...

Read more

BRIEF-U.S. antitrust regulators have privately expressed concerns about Anthem-Cigna deal- WSJ

* U.S. antitrust regulators have privately expressed

concerns about Anthem's proposed acquisition of Cigna- WSJ,

citing sources

Read more

HeidelbergCement has all regulatory approvals for Italcementi deal

FRANKFURT, June 19 (Reuters) - German cement producer

Heidelbergcement said on Sunday it had obtained all

competition approvals for closing its merger deal with peer

Italcementi after reaching an...

Read more

UPDATE 1-UAE banks NBAD and FGB confirm merger talks, shares soar

June 19 (Reuters) - Shares in National Bank of Abu Dhabi

(NBAD) and First Gulf Bank (FGB) soared on

Sunday after they confirmed discussing a possible merger to

create what would be one of the...

Read more

China's Xi sees Serbia as milestone on new "Silk Road"

SMEDEREVO, Serbia, June 19 (Reuters) - Serbia could play a

significant role in Beijing's ambitious plan for a new "Silk

Road" to boost trade with Europe, Asia and Africa, Chinese

President Xi Jinping...

Read more

EU banking watchdog to leave London in case of Brexit - chairman

BERLIN, June 19 (Reuters) - The European Union's banking

watchdog will move from London to another European capital if

Britain decides to quit the bloc in a referendum this week, its

chairman said in...

Read more

Saturday, June 18, 2016

Qatar predicts at least three years of budget deficits

DUBAI, June 18 (Reuters) - Qatar's government expects to run

a budget deficit for at least three years as low natural gas and

oil prices weigh on its revenues, the Ministry of Development

Planning...

Read more

Seven names on long list to replace RBI's Rajan - official

NEW DELHI, June 18 (Reuters) - There are seven candidates on

a long list to replace Reserve Bank of India Governor Raghuram

Rajan, a senior government official told Reuters on Saturday.

Read more

India's Finmin says decision on new Cenbank governor coming soon

MUMBAI, June 18 (Reuters) - India's government will decide

soon on a successor for Reserve Bank of India Governor Raghuram

Rajan, after his unexpected announcement that he did not plan to

seek a...

Read more

UPDATE 2-India central bank chief Rajan to step down in September

MUMBAI, June 18 (Reuters) - Reserve Bank of India Governor

Raghuram Rajan, who has faced criticism from members of Prime

Minister Narendra Modi's ruling party for not lowering interest

rates enough,...

Read more

India central bank chief Rajan says not seeking second term

MUMBAI, June 18 (Reuters) - Reserve Bank of India Governor

Raghuram Rajan will return to academia when his current term

ends on Sept. 4, he said in a message to central bank staff on

Saturday.

Read more

Friday, June 17, 2016

UPDATE 1-U.S. regulator approves IEX as national stock exchange

NEW YORK, June 17 (Reuters) - The U.S. Securities and

Exchange Commission has approved alternative trading group IEX

Group Inc's request to launch a new U.S. public stock exchange,

in a move likely...

Read more

U.S. House panel claims oversight of state climate probes into Exxon

HOUSTON, June 17 (Reuters) - A Republican-led congressional

committee sought on Friday to assert oversight over inquiries

that about 20 states are making into Exxon Mobil and

climate change,...

Read more

U.S. SEC approves IEX as national stock exchange

NEW YORK, June 17 (Reuters) - The U.S. Securities and

Exchange Commission has granted the hotly debated request by

alternative trading group IEX Group Inc to launch a new U.S.

public stock exchange,...

Read more

Hologic wins emergency U.S. authorization for Zika test

June 17 (Reuters) - Hologic Inc won emergency U.S.

authorization to sell its Zika test, expanding the number of

public and private labs that can test for the virus as health

officials brace for a...

Read more

SEC beats new challenge to in-house judges in Atlanta federal court

NEW YORK, June 17 (Reuters) - A federal appeals court in

Atlanta ruled on Friday that district courts cannot hear

challenges to the U.S. Securities and Exchange Commission's use

of in-house...

Read more

BRIEF-FDA grants emergency use authorization for Hologic's Aptima zika virus assay

* FDA grants emergency use authorization for Hologic's

Aptima zika virus assay

Read more

U.S. FTC requires HeidelbergCement and Italcementi to divest U.S. assets

WASHINGTON, June 17 (Reuters) - German cement producer

HeidelbergCement AG and Italian producer Italcementi

SpA have agreed to divest a cement plant in Virginia

and up to 11 cement distribution...

Read more

U.S. investigates steering problems in 135,000 older Toyota SUVs

WASHINGTON, June 17 (Reuters) - Steering and braking

problems linked to two crashes and five injuries in 135,000

Toyota sport utility vehicles have prompted the opening of a

federal investigation, a...

Read more

UPDATE 1-Texas lawsuit seeks to overturn Austin's Uber fingerprint rule

AUSTIN, Texas, June 17 (Reuters) - An Austin City Council

member who is a supporter of ride-hailing companies Uber

and Lyft has filed a lawsuit to overturn a requirement

for their drivers to undergo...

Read more

BRIEF-TPI Composites files for IPO of up to $150 Mln - SEC Filing

* TPI Composites files for IPO of up to $150 Mln - SEC

filing

Read more

UPDATE 1-Ex-Countrywide CEO Mozilo to not face U.S. fraud case -source

NEW YORK, June 17 (Reuters) - Former Countrywide Financial

Corp CEO Angelo Mozilo will not face a U.S. Justice Department

lawsuit for defrauding investors in mortgage-backed securities

issued before...

Read more

Zika infections in Puerto Rico increasing steadily - officials

CHICAGO, June 17 (Reuters) - Zika infections in Puerto Rico

appear to be increasing rapidly, top U.S. health officials said

on Friday, raising concerns for dozens if not hundreds of cases

of...

Read more

Loss accounting rules should not hurt small banks-US regulators

WASHINGTON, June 17 (Reuters) - Satisfying new accounting

rules for bad loans should not be a burden for small banks, U.S.

banking regulators said on Friday.

Read more

BRIEF-Apple says iPhone 6 and other models available for sale today in China-CNBC

* "iPhone 6 and iPhone 6 plus as well as iPhone 6s, iPhone

6s plus & iPhone SE models are all available for sale today in

China" - CNBC citing Apple statement

Read more

UPDATE 1-Hong Kong proposes changes to stock market listing regime

* Proposal comes after investor frustration over current

rules

(Adds comment, context)

Read more

BRIEF-RBC sees "enormous opportunity" for U.S. organic growth

* Royal bank of canada ceo says sees dual brand structure

for RBC/city national for foreseeable future

Read more

BRIEF-Zosano Pharma enrolls first subject in migraine treatment trial

June 17 (Reuters) - Zosano Pharma Enrolls First Subject In

Pivotal Clinical Trial For Zp

Read more

BRIEF-Despite report saying iPhone sales halted in Beijing, all Apple products are for sale right now in China - CNBC

* Despite report saying iPhone sales halted in Beijing, all

Apple products are for sale right now in China - CNBC citing

sources

Further company coverage:

(Bengaluru Newsroom: +1 646 223 8780)

Read more

BRIEF-Travelers files for potential mixed shelf

* Files for potential mixed shelf; size not disclosed - SEC

filing

Source text: (http://1.usa.gov/1Yx6Rzq)

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

Read more

BRIEF-Ariad initiates submission of NDA for Brigatinib to FDA ahead of plan

* Rolling NDA submission is expected to be complete in Q3 of

2016.

Read more

BRIEF-Viacom enter into indemnification agreement

* On June 13, entered into an indemnification agreement with

each of Philippe P. Dauman, George S. Abrams

Read more

BRIEF-FDA Accepts Emergent BioSolutions' supplemental biologics license application for large-scale manufacturing of BioThrax in Building 55

* FDA has set a prescription drug user fee act (PDUFA)

target action date of august 15, 2016

Read more

Factory snag hits GSK supply, causing Danish anaesthetic shortage

LONDON, June 17 (Reuters) - Manufacturing problems at a

factory in Italy have disrupted production of some

GlaxoSmithKline medicines, leading to shortages of a

commonly used opioid anaesthetic in...

Read more

UPDATE 1-Mitsubishi plans $600 mln compensation for four models over mileage cheat -Nikkei

* It has admitted to wrong mileage calculations on other

models

(Recasts with report of compensation plans)

Read more

U.S. strikes back at judge's decision that MetLife not 'too big to fail'

WASHINGTON, June 16 (Reuters) - The U.S. government laid out

its arguments against a federal judge's decision to strike down

the designation of life insurer MetLife Inc as "too big

to fail" in a...

Read more

Thursday, June 16, 2016

UPDATE 1-Stop oil by rail in our state, Oregon asks U.S. regulator

NEW YORK, June 16 (Reuters) - Oregon has called for federal

regulators to ban trains carrying oil in the state, ramping up

pressure for more stringent safety checks weeks after an oil

train derailed...

Read more

UPDATE 1-Vimeo wins U.S. appeal in music copyright case

NEW YORK, June 16 (Reuters) - Video-sharing website Vimeo

LLC cannot be held liable for copyright infringement for

unknowingly hosting older music uploaded by its users, a U.S.

appeals court ruled on...

Read more

Swiss warning to UBS and Credit Suisse to raise billions in bonds

* UBS says nothing materially new in SNB report

(Adds detail, comments from UBS and Credit Suisse)

Read more

Credit Suisse finds no wrongdoing by ex-banker linked to Brazil probe

SAO PAULO, June 16 (Reuters) - Credit Suisse Group AG

said an internal investigation has found no evidence

that a former banker, Sérgio Firmeza Machado, used his position

at the bank to help his...

Read more

BRIEF-Earthstone Energy says public offering of 4.5 mln shares of common stock priced at $10.50 per share

* Announces pricing of underwritten public offering of 4.5

million shares of common stock to public at $10.50 per share

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom; +1...

Read more

UPDATE 1-Canada top court rules Quebec city cannot block cell tower

OTTAWA, June 16 (Reuters) - Canada's top court ruled on

Thursday that a Quebec municipality did not have the right to

prevent wireless provider Rogers Communications from building a

cell phone tower...

Read more

UPDATE 1-U.S. top court puts some limits on government fraud lawsuits

WASHINGTON, June 16 (Reuters) - The U.S. Supreme Court on

Thursday imposed some limits on the kind of fraud claims that

can be brought against federal contractors in a case involving a

suit against...

Read more

BRIEF-Psav Inc sees IPO of up to 14.2 mln shares of common stock - SEC Filing

* Psav Inc sees IPO of up to 14.2 million shares of common

stock to be priced between $12.00 and $13.00 per share - SEC

filing

Source text (http://1.usa.gov/1UQAFV2)

Further company coverage:

...

Read more

U.S. top court sends healthcare fraud claim case back to lower court

WASHINGTON, June 16 (Reuters) - The U.S. Supreme Court on

Thursday threw out an appeals court ruling that went against

hospital operator Universal Health Services Inc over

whether it has to face a...

Read more

Russia may tap National Wealth Fund to cover budget deficit in 2017 -Siluanov

ST PETERSBURG, Russia, June 16 (Reuters) - Russia may start

spending cash from one of its sovereign wealth funds, the

National Wealth Fund, to cover budget shortfalls next year,

Finance Minister...

Read more

UPDATE 2-Western investor interest in Russia stirring, says VTB CEO

* Says current capital enough for 2-3 years

(Recasts, adds new quotes)

Read more

Brazilian banks solid and well capitalized -central bank

BRASILIA, June 16 (Reuters) - Brazil's financial system is

solid and well capitalized and policymakers have enough tools to

regulate the sector, central bank's director Anthero Meirelles

said on...

Read more

BRIEF-Capricor Therapeutics reports 12-month data from the dynamic clinical trial

* Reports Positive 12 Month data from the dynamic clinical

trial

Source text for Eikon:

Further company coverage:

Read more

BRIEF-European Commission may deliver its verdict on Apple's tax arrangements in Ireland as soon as next month - Bloomberg

* European Commission may deliver its verdict on Apple's tax

arrangements in Ireland as soon as next month - Bloomberg,

citing Irish Finance Minister

Read more

BRIEF-Iron Mountain says CMA completes phase 2 review

* CMA completes phase 2 review and approves recall

acquisition

Read more

RPT-Philadelphia mayor rewrites playbook for soda-tax advocates

NEW YORK, June 16 (Reuters) - Philadelphia Mayor Jim Kenney

stands poised to score a victory that has eluded more than 40

U.S. public officials who took on the powerful U.S. soda

industry, if the...

Read more

COLUMN-Is the U.S. fight over fiduciary rule really about the little guy?

CHICAGO, June 16 (Reuters) - The U.S. Chamber of Commerce

wants you to believe it is looking out for the little guy in its

fight against new government regulation of the retirement

investment advice...

Read more

BRIEF-Bellerophon enrolls first patient in phase 3 trial for pulmonary arterial hypertension

* 1 phase 3 clinical trial for pulmonary arterial

hypertension (pah)

Source text for Eikon:

Further company coverage:

(Bengaluru Newsroom: +1-646-223-8780)

Read more

BRIEF-Cliffs Natural Resources files for offering of up to $300 million - sec filing

* Files for common shares offering of up to $300.0 million -

sec filing

Read more

Wednesday, June 15, 2016

CORRECTED-UPDATE 3-Visium's Valvani charged with insider trading on FDA leaks

NEW YORK, June 15 (Reuters) - A Manhattan hedge fund manager

was charged on Wednesday with trading on confidential tips about

drug approvals, in one of the biggest insider trading cases

since a 2014...

Read more

Philadelphia mayor rewrites playbook for soda-tax advocates

NEW YORK, June 16 (Reuters) - Philadelphia Mayor Jim Kenney

stands poised to score a victory that has eluded more than 40

U.S. public officials who took on the powerful U.S. soda

industry, if the...

Read more

Singapore Post dissolves executive committee

SINGAPORE, June 16 (Reuters) - Singapore Post Ltd

said on Thursday its executive committee has been dissolved, and

that five directors will have left the board by the coming

annual shareholder...

Read more

U.S. watchdog warns of cost overruns at Fannie Mae headquarters

WASHINGTON, June 16 (Reuters) - U.S. taxpayers may be paying

too much for construction of the new headquarters of Fannie Mae,

the housing finance company now in government hands, an

independent...

Read more

PRESS DIGEST- British Business - June 16

June 16 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

Read more

UPDATE 1-U.S. Judge extends VW diesel emissions settlement deadline

WASHINGTON, June 15 (Reuters) - A U.S. judge late on

Wednesday extended the deadline for Volkswagen AG,

U.S. government regulators and owners of nearly 500,000 2.0

liter vehicles to reach a final...

Read more

U.S. Judge extends VW diesel emissions settlement deadline

June 15 (Reuters) - A U.S. judge late on Wednesday extended

the deadline for Volkswagen AG to reach a final

diesel emissions settlement with U.S. government regulators and

owners of nearly 500,000...

Read more

U.S. attorney in Manhattan probes Bangladesh Bank cyber heist -source

June 15 (Reuters) - The U.S. attorney's office in Manhattan

has opened an investigation of the cyber heist of $81 million

from Bangladesh Bank's account at the Federal Reserve Bank of

New York, a law...

Read more

UPDATE 1-U.S. indicts two Japanese auto parts companies for bid-rigging

WASHINGTON, June 15 (Reuters) - Two Japanese auto parts

companies, Tokai Kogyo Co Ltd and Maruyasu Industries Co Ltd,

were indicted on Wednesday on price-fixing charges along with

five executives,...

Read more

European Union reaches outline deal to stem flow of conflict minerals

BRUSSELS, June 15 (Reuters) - The European Union on

Wednesday agreed an outline deal on a law to clean up the

commodities supply chain, so importers will have to carry out

checks to stem the use of...

Read more

Clinton would use executive action to end tax loophole -USA Today

WASHINGTON, June 15 (Reuters) - U.S. Democratic presidential

candidate Hillary Clinton said, if elected, she would use

executive action to end a tax loophole for wealthy Americans,

according to an...

Read more

UPDATE 1-Exxon asks U.S. court to throw out subpoena in climate change inquiry

HOUSTON, June 15 (Reuters) - Exxon Mobil Corp asked

a federal court on Wednesday to throw out a subpoena that would

force the oil company to hand over decades of documents as part

of a wide-ranging...

Read more

UPDATE 2-U.S. rekindles insider trading push, charges hedge fund's Valvani

NEW YORK, June 15 (Reuters) - A portfolio manager at hedge

fund Visium Asset Management LP was criminally charged on

Wednesday with insider trading, in one of the biggest such cases

since a 2014...

Read more

Vanguard CEO says Wall Street offering too many ETFs

CHICAGO, June 15 (Reuters) - Too many exchange-traded funds

are being offered without enough quality control and could harm

investors, fund manager Vanguard Group's chief executive said on

Wednesday.

Read more

Exxon asks U.S. court to throw out subpoena in climate change inquiry

HOUSTON, June 15 (Reuters) - Exxon Mobil Corp asked

a federal court on Wednesday to throw out a subpoena that would

force the oil company to hand over decades of documents as part

of a wide-ranging...

Read more

UPDATE 4-Tycoon Green to fix BHS pensions after admitting mistakes

* BHS's demise left 11,000 jobs at risk, pension deficit

(Adds detail)

Read more

Lawyer group urges Brazil to halt potential Kroton rival takeover

SAO PAULO, June 15 (Reuters) - A branch of Brazil's National

Bar Association filed on Wednesday a complaint against

for-profit education firm Kroton Educacional SA's proposed

takeover of smaller...

Read more

BRIEF-SEC accuses Visium fund trader of insider trading, who allegedly got tips from an FDA employee - CNBC

* SEC accuses Visium fund trader of insider trading, who

allegedly got tips from an FDA employee - CNBC

(Bengaluru Newsroom: +1 646 223 8780)

Read more

Europeans warn of Brexit threat to UK's crucial bank 'passports'

* Passport system allows UK-based banks to sell services

across EU

Read more

Hess oil storage facility in North Dakota leaks 32,000 gallons

June 15 (Reuters) - An oil storage facility in North Dakota

owned by Hess Corp leaked about 32,000 gallons on

Tuesday, though the crude has been recovered on site, state

regulators said.

Read more

UPDATE 1-Brazil spending cap to last up to 20 years -sources

BRASILIA, June 15 (Reuters) - Brazil interim President

Michel Temer will propose a time limit for a public spending cap

of up to 20 years, signaling a victory for economic hardliners

in his cabinet...

Read more

EU mergers and takeovers (June 15)

BRUSSELS, June 15 (Reuters) - The following are mergers

under review by the European Commission and a brief guide to the

EU merger process:

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UPDATE 1-Shareholder adviser ISS opposes VW boards but backs dividend

* Volkswagen AGM to be held on June 22

(Adds detail from ISS report, background)

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BlackRock debuts U.S. ETF for China-listed stock after MSCI snub

June 15 (Reuters) - BlackRock Inc is introducing its

first U.S.-listed exchange-traded fund providing access to

mainland Chinese markets, the world's largest asset manager said

on Wednesday.

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RPT-Subjective U.S. bank forecasts to figure in loan loss reserves

NEW YORK, June 15 (Reuters) - A U.S. accounting regulator

plans to release new rules on Thursday that will change how

banks set aside money for bad loans, raising fresh questions

about the role of...

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BRIEF-Emergent Biosolutions Inc receives FDA orphan drug status for BioThrax

* Emergent BioSolutions Inc receives FDA orphan drug status

for BioThrax for post-exposure prophylaxis of anthrax disease

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HK securities regulator fines State Street arm for tracker fund failures

HONG KONG, June 15 (Reuters) - The Hong Kong Securities and

Futures Commission (SFC) said on Wednesday it had reprimanded

and fined State Street Global Advisors Asia Ltd (SSGA) HK$4

million...

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