LONDON Breaking News: China Blocks Glaxo Finance Head From Leaving Country

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LONDON Breaking News: China Blocks Glaxo Finance Head From Leaving Country

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LONDON Breaking News: China Blocks Glaxo Finance Head From Leaving Country

by Wochit 0:47 mins

LONDON Breaking News: China Blocks Glaxo Finance Head From Leaving Country

by Wochit 0:47 mins

Beijing is preventing GlaxoSmithKline's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, a spokesman for the drugmaker said. U.K. investigators say they are examining whether an emergency transmitter might have played a role in last week's fire on a Boeing 787 at London's Heathrow Airport. A determination by Europe's most powerful central bankers to keep interest rates low might save the continent's fragile banking system from short-term pain but undermines long-term profitability and encourages excessive risk-taking.

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