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SocGen reaches agreements on benchmark, Libya probe

Bloomberg Societe Generale SA agreed with US authorities to settle probes into interest-rate manipulation and the bribery of Libyan officials, drawing a line under two of the French bank’s biggest legal headaches. SocGen agreed to pay undisclosed penalties to resolve US investigations that it submitted misleading numbers for the London interbank offered rate and, in a separate case, bribed Libyans ...

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Bank Negara Malaysia governor offers to resign

Bloomberg Malaysia’s central bank Governor Muhammad Ibrahim offered to resign from his post two years into his term, according to people familiar with the matter, who declined to be identified because the discussions are confidential. The move comes less than a month after Prime Minister Mahathir Mohamad won a surprise election victory and his newly installed finance minister, Lim Guan ...

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Boeing sharpens threat to suppliers with Safran deal

Bloomberg Boeing Co. is deepening its intrusion on suppliers’ turf by teaming up with France’s Safran SA to design and build auxiliary power units, the compact turbines tucked below a jetliner’s tail that are used to start its main engines and provide power on the ground. The 50-50 partnership will be based in the US, the companies said in a ...

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