UK Money News


Glance-PRESS DIGEST - British business - Aug 7

Tue, 7th Aug 2012 02:09


The Times

STAN CHART 'SCHEMED' WITH TEHRAN TO HIDE $250 BLN

Standard Chartered was f
ighting to save its

reputation on Monday after it was accused of illegally

channelling billions of dollars to state-backed institutions in

Iran in breach of U.S. sanctions.



The Telegraph

FACEBOOK ADVERTISERS FORCED TO VET USER COMMENTS

Companies advertising on Facebook will be forced to

vet comments posted by members of the public, following a

landmark ruling by an advertising watchdog in Australia.



GERMANY AND ITALY NEAR BLOWS OVER EURO

German politicians from across the spectrum have reacted

furiously to warnings by Italy's Mario Monti that Bundestag

control over EU debt policies threatens to bring about the

'disintegration' of the European project.



The Guardian

COALITION REELING AS CLEGG HITS BACK

Nick Clegg's plan for constitutional reform and David

Cameron's scheme to shift parliamentary boundaries in the

Conservatives' favour both lay in ruins on Monday.



ASSAD'S PREMIER DEFECTS AS CRISIS ESCALATES

Syria's prime minister on Monday became the most

high-profile political figure to quit the regime of Bashar

al-Assad - amid reports of an imminent government offensive in

the key northern city of Aleppo.



The Independent

UK BANK 'LAUNDERED $250 BLN FOR IRAN REGIME'

Standard Chartered, one of Britain's most

distinguished global banks, has been accused by U.S. regulators

of laundering $250 billion from Iran and behaving like a 'rogue

institution', in the latest catastrophic blow to the

international reputation of the City of London.



($1 = 0.6404 British pounds)



(Reporting by Stephen Mangan)

Keywords: PRESS DIGEST BRITISH BUSINESS AUG 7

(stephen.mangan@thomsonreuters.com)(+44)(0)(20 7542 7931)

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