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By 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 16:14Chinese police have claimed GlaxoSmithKline behaved like a criminal "godfather" in China, offering bribes and accepting "sexual favours" in return for business, The Telegraph unveiled. The European Banking Authority said Britain is home to three times as many millionaire bankers as every other Eur
16 Jul 13 06:46By Alexandra Harney SHANGHAI, July 16 (Reuters) - Behind China's two investigations into irregular pricing of infant formula and pharmaceuticals announced this month is one powerful institution and its struggle for relevance as Beijing attempts a transition to a more consumption-led economy
15 Jul 13 21:02* GSK used travel agencies to funnel bribes - Chinese police * Four senior Chinese executives from GSK detained - police * Police say examining $490 million in transfers * Similar practices found at other foreign drug firms * GSK says very concerned, stops use of travel ag
15 Jul 13 14:28* GSK used travel agencies to funnel bribes - Chinese police * Four senior Chinese executives from GSK detained - police * Police say examining $490 million in transfers * Similar practices found at other foreign drug firms * GSK says very concerned, stops use of travel ag
15 Jul 13 12:39The pricing gap between Tesco and rival supermarket Asda was the highest in two years in June, according to Morgan Stanley. The latest results of the broker's AlphaWise UK Food Retail Price Tracker show that its sample basket was 5.2% less expensive at Asda than at Tesco last month. Morgan Stanley
15 Jul 13 11:44LONDON, July 15 (Reuters) - British drugmaker GlaxoSmithKline said on Monday it had stopped using all travel agencies which have been accused by the Chinese police of channeling bribes to illegally boost sales and inflate the price of its medicines in the country. Chinese police had said ea
15 Jul 13 11:04* GSK used travel agencies and consultancies to funnel bribes - Chinese police * Four senior Chinese executives from GSK detained - police * Police say examining $490 million in transfers, won't say how much were bribes * Indications of similar practices at other foreign drug fi
15 Jul 13 10:35Panmure Gordon has kept its 'hold' rating for AG Barr but said that a deal to buy GlaxoSmithKline's (GSK) soft drinks brands could be the catalyst needed for it to turn more positive. According to The Sunday Times, AG Barr could be teaming up with Private Equity (PE) to buy GSK's brands Lucozade an
15 Jul 13 09:30* GSK used travel agencies and consultancies to funnel bribes - Chinese police * Four senior Chinese executives from GSK detained - police * Police decline to disclose amount of money spent on bribes * GSK has previously said it found no evidence of bribery in China By Mic
15 Jul 13 06:22
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