September 11, 2017 / 11:27 PM / 2 months ago

PRESS DIGEST- Financial Times - Sept 12

Sept 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Teva sells Paragard contraceptive business for $1.1 bln

(on.ft.com/2vQXcK8)

Tata Steel-ThyssenKrupp merger of steel arms nears finish line

(on.ft.com/2vQ8U7S)

Google appeals 2.4 bln euros EU antitrust fine

(on.ft.com/2vQurxc)

Standard Chartered called to meet UK regulators over Indonesia bribery allegations

(on.ft.com/2gW8RoG)

Overview

Teva Pharmaceutical Industries said it will sell the rights and business of Paragard birth-control device to The Cooper Companies for $1.1 billion, as the pharmaceuticals giant continues to pursue asset sales to slim down and re-focus its global business.

A deal to merge Tata Steel Ltd’s European steel operations and Germany’s ThyssenKrupp could be struck this month, after the Indian Group removed a significant obstacle by separating its UK pension scheme.

Alphabet’s Google Inc said on Monday it had launched an appeal against its record 2.4 billion euros ($2.87 billion) European antitrust fine for abusing its dominance to favour its own shopping services.

Britain’s Financial Conduct Authority summoned Standard Chartered Plc over allegations of bribery at an Indonesian power plant builder, Maxpower Group Pte, majority-owned by the bank’s private equity arm. ($1 = 0.8367 euros) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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