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Twitter plans $1B stock market launch under TWTR symbol
ZURICH, Switzerland, Oct. 4 (UPI) -- Swiss banking regulator Finma said it's working with officials in other countries in an investigation of potential manipulation of currency exchange rates.
Finma did not furnish details of the investigation, The Wall Street Journal reported Friday. The largest bank in the country, UBS, declined to comment, as did a spokesman for Credit Suisse, the Journal said.
Authorities are concerned about rate benchmarks, similar to the London interbank-offered rate, or Libor, which is used as a benchmark to set interest rates on loans and has been the subject of investigations in several countries, the report said.
Abusing the system that calculates the Libor has resulted in at least $2.7 billion in fines levied on four banks where traders have attempted to manipulate the Libor to generate profits.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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