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Exclusive: Prosecutors, regulators close to making Libor arrests
Jul 23rd, 2012
(Reuters) - Prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rigging scandal. Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent, said two of those sources, who asked not to be identified because the investigation is ongoing. ... (Source: Reuters) -
By Ethan Bilby BRUSSELS (Reuters) - The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said. EU trade chief Karel De Gucht is set to win support from the bloc's executive on Wednesday to send ... [Full Article]
MILAN (AP) - Milan prosecutors on Monday demanded a prison sentence of six years and a lifetime ban from public office for former Premier Silvio Berlusconi in his sex-for-hire trial. (Source: Associated Press)... [Full Article]
BRUSSELS (Reuters) - EU antitrust regulators will examine IntercontinentalExchange Inc's $8.2 billion (5.3 billion pounds) takeover of NYSE Euronext in line with a request from the exchange operators themselves, a spokesman for the European Commission said on Wednesday. The deal would give commodities and energy bourse ICE control of London-ba... [Full Article]
By Sudip Kar-Gupta LONDON (Reuters) - Britain's benchmark equity index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by central banks have hit returns on bonds, driving investors t... [Full Article]
AMMAN, Jordan (AP) - Police have arrested eight Syrians on suspicion of inciting riots at a refugee camp near the Jordan-Syria border, a Jordanian security official said Sunday. (Source: Associated Press)... [Full Article]
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