The European Central Bank said in a briefing paper on Wednesday that benchmark foreign exchange rates are not necessarily reliable as they are often fixed using just one set of data. The European Union is in the process of approving a law to regulate mark
George Osborne is taking financial market abuse seriously. The British chancellor wants to criminalise the practice in more asset classes, so manipulators can be sent to jail. He has been spurred to action by accusations of rigging in the $5-trillion-a-da
Asian Development Bank (ADB) with 46 percent holding is the principal creditor of Punjab foreign debt followed by the World Bank and government of Japan with 46 percent and 6 percent foreign debt holding, respectively. Punjab's total debt, 6 percent or Rs
European equities closed near recent multi-year highs on Thursday, as merger hopes buoyed some telecom stocks but mining shares fell amid global growth concerns. The FTSEurofirst 300 index of top European shares finished flat at 1,392.02 points, just belo
The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union's executive ar
The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union's executive ar
The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union''s executive a
Britain's anti-fraud agency is examining information from a global investigation into the possible manipulation of currency markets, in the first sign it might follow the United States in launching a criminal investigation. Britain is keen to be at the fo