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Italy’s phone carriers face antitrust probe over billing practices

Bloomberg Authorities in Italy searched the headquarters of the country’s biggest phone carriers as part of an antitrust probe over pricing of mobile and fixed-line services. Financial police and officials from the Italian Antitrust Agency searched offices in Rome and Milan of Telecom Italia SpA, Vodafone Group’s local unit, Swisscom AG’s Fastweb, Wind Tre and industry lobby Asstel, the regulator ...

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$1trn dream sours for Standard Life

Bloomberg Martin Gilbert and Keith Skeoch’s $1 trillion dream has grown a little more distant. Six months after merging Scotland’s two biggest money managers to create a giant capable of competing with the largest US companies, the co-chiefs of Standard Life Aberdeen Plc are instead digesting the potential loss of almost 20 percent of the funds at their asset-management business. ...

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ECB’s Rimsevics detained by Latvian anti-graft bureau

Bloomberg Latvian central bank Governor Ilmars Rimsevics was detained by the country’s anti-corruption bureau, the prime minister said in a statement on Sunday. The government has full trust in the work of the anti-graft body and won’t interfere in its work, according to the statement sent by the office of Premier Maris Kucinskis. No further details on the reason for ...

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