Airbus fined $ 4 billion fine in global bribe settlement

PARIS / LONDON / WASHINGTON (Reuters) – Airbus (AIR.PA) bribed public officials and concealed payments as part of a worldwide corruption pattern, prosecutors said on Friday when the European aircraft manufacturer agreed to a $ 4 billion record deal with France, Britain and the United States. The revelations, which were made public after an almost … Read more Airbus fined $ 4 billion fine in global bribe settlement

Sovereign wealth funds move to the mainstream, make fewer bets against

LONDON (Reuters) – Investment movements of sovereign wealth funds are aligning more closely with the global asset management industry as they mature, and their increasing size makes it difficult for them to place counter bets, a report showed. But the move towards more conventional investment allocations could raise doubts about its ability to intervene and … Read more Sovereign wealth funds move to the mainstream, make fewer bets against