Reuters: Regulatory News: PRESS DIGEST - British Business - April 2

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PRESS DIGEST - British Business - April 2 Apr 2nd 2013, 00:25 April 2 | Mon Apr 1, 2013 8:25pm EDT April 2 (Reuters) - The Telegraph COUTTS WARNS CLIENTS OF THREAT FROM DEBT MARKETS Coutts, the high-end private bank, has warned its clients against exposing their fortunes to a potential collapse of the high-yield debt market amid growing concerns of a new global credit bubble. APPLE CHIEF TIM COOK APOLOGISES TO CHINA Apple Inc has bowed to political pressure in China and apologised over its customer service levels in the country following a series of attacks by state-run media outlets. NOVARTIS LOSES LANDMARK PATENT CASE IN INDIA India's Supreme Court dealt a significant blow to Western drugs firms on Monday when it rejected an application by the Swiss pharmaceutical company Novartis to patent an anti-cancer drug. The Guardian NO TRIPLE DIP BUT A SLOW UK RECOVERY, BUSINESS SURVEY PREDICTS George Osborne will be handed a rare encouraging assessment of the state of the economy on Tuesday as a survey of businesses predicts that Britain will avoid a triple-dip recession. The Times 1 BLN STG PLAN TO PUT BRITAIN ON THE ROAD TO RECOVERY Britain's second toll motorway is to be given the green light in an attempt to stimulate the faltering economy with capital spending. INTERNATIONAL BIDDERS QUEUE FOR LONDON'S 15 BLN STG CROSSRAIL ROUTE The franchise to run the trains on London's 15 billion pound Crossrail route has been opened to tender and the operators of the Paris Metro, the Hong Kong mass transit system and the state rail company of Germany have emerged as early favourites. The Independent NEW DAWN IN REGULATION AS OSBORNE LAUNCHES PRA George Osborne will reaffirm the Government's commitment to learn lessons from the banking collapses and mis-selling scandals of the past as he joins Sir Mervyn King, Governor of the Bank of England, to launch the Prudential Regulatory Authority, a new subsidiary that will police financial stability. Link this Share this Digg this Email Reprints

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