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[in ChannelNewsAsia: Business]

US regulators, exchanges move to squeeze insider trading

[in ChannelNewsAsia: Business]

US regulators, exchanges move to squeeze insider trading

WASHINGTON (AFP) - US regulators and ten stock exchanges, including the New York Stock Exchange (NYSE), have forged a new alliance to clamp down on illegal insider trading, the Securities and Exchange Commission announced Wednesday.
[in Yahoo! Australia & NZ Finance]

British watchdog fines Credit Suisse US$10.5m

[in ChannelNewsAsia: Business]

Oil prices rebound after US fuel inventories slump

LONDON (AFP) - Oil prices rallied Wednesday after official data showed a surprisingly sharp drop in US stockpiles of motor fuel amid the peak demand season for gasoline in the United States.
[in Yahoo! Australia & NZ Finance]

British watchdog says fines Credit Suisse 10.5 mln dlrs

LONDON (AFP) - Britain's financial watchdog on Wednesday said it had fined Credit Suisse banking group 5.6 million pounds (7.0 million euros, 10.5 million dollars) for failing to effectively run its British unit.
[in Yahoo! Australia & NZ Finance]

Spanish PM interrupts holiday due to economic slowdown

MADRID (AFP) - Spanish Prime Minister Jose Luis Rodriguez Zapatero broke off his annual holiday on Wednesday to preside over two meetings with his cabinet members intended to deal with an rapid economic slowdown.
[in Yahoo! Australia & NZ Finance]

Bang & Olufsen sees full-year profits plummet

COPENHAGEN (AFP) - Bang & amp; Olufsen, the Danish maker of sleek, high-end sound systems and televisions, on Wednesday announced disappointing full-year earnings as sales sagged on its main markets Europe and the United States.
[in Yahoo! Australia & NZ Finance]

Best Buy becomes first independent iPhone retailer

Best Buy Co. will start selling the iPhone on Sept. 7, becoming first U.S. chain to do so outside of Apple Inc.'s and AT&T Inc.'s own stores.
[in philly.com - Business & Money]

Ford sees profit improvements in small cars

TRAVERSE CITY, Michigan (AFP) - Ford Motor Company expects to significantly improve the profitability of its small vehicles by using the same parts in cars sold in Europe and North America, the automaker said Wednesday.
[in Yahoo! Australia & NZ Finance]