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Exclusive: Regulators irate at NY action against StanChart
Aug 8th, 2012
NEW YORK/LONDON (Reuters) - The Treasury Department and Federal Reserve were blindsided and angered by New York's banking regulator's decision to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money laundering transactions tied to Iran, sources familiar with the situation said. ... (Source: Reuters) -
By Ethan Bilby BRUSSELS (Reuters) - The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said. EU trade chief Karel De Gucht is set to win support from the bloc's executive on Wednesday to send ... [Full Article]
BRUSSELS (Reuters) - EU antitrust regulators will examine IntercontinentalExchange Inc's $8.2 billion (5.3 billion pounds) takeover of NYSE Euronext in line with a request from the exchange operators themselves, a spokesman for the European Commission said on Wednesday. The deal would give commodities and energy bourse ICE control of London-ba... [Full Article]
By Belinda Goldsmith CANNES (Reuters) - After countless broken bones and smashed teeth, Jackie Chan has given up doing his own stunts and wants more serious roles but the Kung Fu actor says he will never stop being an action star despite earlier plans to quit big action movies. At the Cannes film festival to promote his upcoming film "Skiptrac... [Full Article]
By Paul Eckert WASHINGTON (Reuters) - President Barack Obama urged the president of Myanmar on Monday to halt violence against a Muslim minority but praised economic and political reforms in the formerly pariah nation that is emerging as a U.S. ally in China's backyard. During the first visit to the White House in 47 years by a leader of the S... [Full Article]
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