LONDON, July 29, 2008 (AFP) - Police in London arrested eight people Tuesday in connection with a major investigation by Britain's financial watchdog into insider dealing.

The operation, which involved 40 Financial Services Authority (FSA) staff and officers from City of London Police, saw a number of properties searched across London and southeast England, the FSA said.

BERLIN, July 29, 2008 (AFP) - German engineering giant Siemens said Tuesday it would pursue former directors for damages in an unprecedented action based on a claim they ignored widespread corruption revealed nearly two years ago.

Among the 11 former executives targeted are former Siemens bosses Heinrich von Pierer and Klaus Kleinfeld, the company said in a statement.

BERLIN, July 29, 2008 (AFP) - German engineering giant Siemens said Tuesday it will pursue former directors for damages, in an unprecedented move linked to a corruption scandal which broke nearly two years ago.

Among the 11 former executives targeted are former Siemens bosses Heinrich von Pierer and Klaus Kleinfeld, the company said in a statement.

FRANKFURT, July 29, 2008 (AFP) - The German engineering group Siemens will sue 11 former directors for damages in connection with a corruption scandal which broke nearly two years ago, the company said on Tuesday.

BERLIN, July 25, 2008 (AFP) - Troubled German carrier Air Berlin has alleged that Dresdner Bank profited at the airline's expense by manipulating its share price, in a letter sent to the stock market watchdog BaFin.

A Dresdner Bank spokeswoman told AFP the bank had received no notification of any allegations from BaFin and therefore would not comment.

BUDAPEST, July 25, 2008 (AFP) - A million Hungarian households will be able to receive eight to 10 digital radio and television channels instead of three analogue channels now, under a contract for Antenna Hungaria, officials said on Friday.

NEW YORK, July 24, 2008 (AFP) - New York state officials Thursday filed civil fraud charges against UBS, accusing the Swiss banking giant of marketing certain kinds of adjustable bonds as 'safe' investments.

WASHINGTON, July 24, 2008 (AFP) - US regulators Thursday accused Dutch trading firm Optiver Holding and two of its units with manipulating the oil market in a scheme that netted about one million dollars.

MOSCOW, July 21, 2008 (AFP) - The head of embattled Russian-British oil firm TNK-BP can work in Russia until his temporary visa runs out but only if his employer allows him, a federal migration service spokesman told AFP on Monday.

MOSCOW, July 21, 2008 (AFP) - The head of British oil giant BP's embattled Russian venture TNK-BP no longer has the right to work in Russia, a spokeswoman for the federal migration service told AFP on Monday.