LONDON, Sept 22- GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back sceptical investors.» Read More
FORMER CANADIAN FINANCE MINISTER FLAHERTY HAS DIED- SUN TELEVISION.
*Corn back above $5 on slow start to U.S. planting. Corn fell on technical selling but pared losses amid concerns about potential U.S. planting delays. At the Chicago Board of Trade by 12:34 p.m. CDT, May wheat was down 7 cents at $6.62 a bushel, while KC May hard red winter wheat, the type grown in the Plains, dipped to a one-month low of $7.19-3/ 4.
Executives who gathered in the Chilean city of Santiago this week acknowledged tougher environmental standards, labor strikes, community resistance and resource nationalism were also making exploration more challenging.
*Angola to boost output to 9.5 mln carats this year. LUANDA, April 10- Angola, the world's fourth-largest diamond producer by value, will approve a new concession to De Beers to explore for diamonds, Geology and Mines Minister Francisco Queiroz said.
BERLIN, April 10- A U.N. report about ways to fix global warming due on Sunday is likely to disappoint investors seeking clear-cut economic calculations about the benefits and costs of curbing rising greenhouse gas emissions.
TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.
WASHINGTON, April 10- Public company and bank audits conducted around the globe by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a group of international regulators have found.
TOKYO, April 10- Big gaps remain between the United States and Japan after two days of talks on a bilateral trade deal that is vital for a broader regional pact, negotiators on both sides said on Thursday. Japan and the United States are seeking a two-way trade deal, regarded as a cornerstone of the U.S.-led Trans-Pacific Partnership, before U.S.
LONDON, April 10- Banks will not have to hold as much capital as feared to cover trading losses, global regulators said on Thursday in their latest easing of rules to avoid crimping economic recovery.
NEW YORK/ BUENOS AIRES, April 10- Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop Argentina's Vaca Muerta shale formation further, boosting plans for new wells this year and announcing fresh exploration projects.
ABU DHABI/ CAIRO, April 10- Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia's Novorossiisk port, after the trade house selling the grain had problems opening the importer's letters of credit, traders said.
WASHINGTON, April 10- The leading U.S. pharmaceutical industry trade group on Thursday defended the cost of Gilead Sciences Inc's new hepatitis C drug, Sovaldi, saying such treatments offer a priceless breakthrough for patients with the liver-destroying virus.
*Coffee council pegs Brazil 2014 output down 4.5 pct y/y. NEW YORK/ LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday on low crop forecasts amid renewed fears that a drought will severely cut top grower Brazil's output in the coming seasons.
To resolve criminal and civil probes into insider trading, SAC Capital has agreed to pay more than $1.8 billion in total. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.
*France first EU country to allow biosimilar substitution. PARIS, April 10- France is going out on a limb with a plan to push the use of cheap copies of biotech drugs, triggering alarm among companies in Europe's second-biggest pharmaceutical market behind Germany.
April 10- IT services company iGate Corp said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients.
*Greece makes successful return to bond markets. NEW YORK, April 10- U.S. technology stocks slumped on Thursday, resuming recent weakness in shares that had led U.S. stocks higher for more than a year, while Greece's much-heralded return to the bond market buoyed euro zone debt.
April 10- German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.
WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.
WASHINGTON, April 10- The chairman of the U.S. House Armed Services Committee said on Thursday that intelligence, surveillance and reconnaissance capabilities would be top priorities as the panel puts together this year's massive defense policy bill.