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BRUSSELS, July 18 (Reuters) - Belgian drugmaker UCB said on Thursday it had been visited by Chinese authorities as the country widens investigations into bribery by drugmakers, following allegations against GlaxoSmithKline executives. "The Administration for Industry and Commerce has visi
18 Jul 13 15:16BEIJING, July 18 (Reuters) - Authorities in Shanghai have suspended the business of a travel agency in connection with allegations of bribery against British drugmaker GlaxoSmithKline , the official Xinhua news agency said on Thursday. Chinese police have started investigating suspected in
18 Jul 13 13:11WELLINGTON, July 18 (Reuters) - New Zealand's Fonterra - the world's largest dairy producer - will cut the price of one of it milk formula products in China, joining a growing list of firms responding to Beijing's investigation into the sector. Auckland-based Fonterra said it will reduce p
17 Jul 13 23:53* British finance chief banned from leaving since end-June * Nechelput still working, has not been arrested or detained * GSK has hired Ernst & Young to review its China operations - source * Numerous pharmaceutical rivals say not been contacted by China authorities By Ben
17 Jul 13 23:52LONDON, July 17 (Reuters) - New Zealand's Fonterra - the world's largest dairy producer - will cut some milk powder prices in China, a newspaper reported on Wednesday, joining a growing list of firms responding to Beijing's investigation into the sector. A number of international milk powd
17 Jul 13 15:51* British finance chief banned from leaving since end-June * Nechelput still working, has not been arrested or detained * Pressure mounts on GSK over bribery allegations * Several rivals say not been contacted by China authorities By Ben Hirschler LONDON, July 17 (Re
17 Jul 13 14:11LONDON, July 17 (Reuters) - Beijing is preventing GlaxoSmithKline's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, a spokesman for the drugmaker said on Wednesday. The travel restrictions on Steve Nechelput were i
17 Jul 13 12:22LONDON, July 17 (Reuters) - Beijing is preventing GlaxoSmithKline's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, a person familiar with the situation said on Wednesday. The travel restrictions on Steve Nechelput
17 Jul 13 11:51* GlaxoSmithKline investigation rocks business community * Choose compliance over winning business, employees at one pharma firm told * Probe will "shake up anyone responsible for compliance" - expert * Bribery rife in pharmaceutical industry By Michael Martina BEIJI
17 Jul 13 10:34By Megha Rajagopalan and Michael Martina BEIJING, July 17 (Reuters) - China announced a nationwide crackdown on the sale of illegal medicine on Wednesday and said it would tighten industry regulation, piling pressure on a sector already reeling from a bribery scandal at British drugmaker Gl
17 Jul 13 10:22By Megha Rajagopalan BEIJING, July 17 (Reuters) - China announced a nationwide crackdown on the sale of illegal medicine on Wednesday and said it would tighten industry regulation, piling pressure on a sector already reeling from a bribery scandal at British drugmaker GlaxoSmithKline. <p
17 Jul 13 08:15Barclays has been hit with a record $470m penalty from US Federal Energy Regulatory Commission for manipulating power prices, the Financial Times revealed. The Bank of England's Executive Director for markets, Paul Fisher has told MPs that a quantitative easing programme may have been manipulated
17 Jul 13 06:43ZURICH, July 17 (Reuters) - Swiss drugmakers Novartis and Roche said on Wednesday they were not aware they were under scrutiny by Chinese authorities in light of the ongoing investigation into British drugmaker GlaxoSmithKline on allegations of bribery. "We have not been contacted by Chine
17 Jul 13 06:04BEIJING, July 17 (Reuters) - China must crack down on commercial bribery by multinational firms, the country's top state paper said on Wednesday, two days after police accused British drugmaker GlaxoSmithKline of the widespread bribery of Chinese officials and doctors. In a commentary, the
17 Jul 13 04:43Glen Lewy, a Non-Executive Director of corporate financial advisory firm Qualye Munro bought a big stake in the company ahead of its proposed de-listing from AIM. Qualye Munro, which first debuted on the London Stock Exchange in 1993, set out proposals last week to cancel the trading of its shares
16 Jul 13 16:14
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