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Regulators investigating Barclays PLC for the Libor affair are now looking into the possibility that traders at the big British bank colluded with rivals to influence a key benchmark, according the New York Times.
Amid scandal, central banks plan overhaul of Libor interest rates
Central bankers are moving toward a dramatic overhaul of the benchmark interest rate Libor, which may include scrapping it entirely, amid a rate-rigging scandal that has engulfed some of the world’s largest financial institutions.
CPPIB in deal for U.S. cable company
The Canada Pension Plan Investment Board is teaming up with a European private equity fund in a $6.6-billion (U.S.) takeover of the seventh-largest cable operator in the United States.
BlackRock issues downbeat outlook
BlackRock, the world’s largest money manager by assets under management, was downbeat in its outlook as slowing growth in China and turmoil in Europe had “shaken the confidence of investors worldwide”.
Shale oil bonanza to cost refiners billions
Oil companies around the world have committed as much as $100-billion over the last decade on equipment to turn heavy oil into valuable refined products such as gasoline, jet fuel and petrochemicals. But the investment has coincided with the discovery of vast reserves of high quality oil and gas held in tight rock formations beneath Texas, North Dakota and other U.S. states, which has changed the market – probably forever.
Muddy Waters strikes again
The research firm responsible for bringing down Sino Forest has another Chinese company in its sights.
Banker to the super villains?
Mexican drug lords, Iran, the Taliban, a Syrian terrorist, Cuba, Sudan, North Korea and Hamas allegedly all bank with HSBC, according to a U.S. Senate Subcommittee.