Financial Times

Esma probes agencies' views on banks

Pan-European regulator begins inspecting the big three credit rating agencies to determine if the process is sufficiently rigorous and transparent

Row between Germany's carmakers and their French and Italian rivals centres on the critical formula for long-term CO2-cutting targets

The price paid for the specialist maker of diabetes drugs is far from cheap but with obesity continuing to rise, the potential is significant

The chief's departure signals a shift in strategic direction for which investors should be happy but they should not expect instant solutions

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