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Big New York insider trading probe spawns another

By LARRY NEUMEISTER, Associated Press  NEW YORK – An insider trading case last year that federal authorities said was the biggest ever is providing a recipe for another case that may be even bigger.   The current case is largely an extension of work that led to the arrest of Galleon Group founder Raj Rajaratnam in […]

‘EU rescue fund can be increased if needed’

By Agency Reporter Friday, 26 Nov 2010 European Central Bank council member Axel Weber said governments could increase the size of the European Union-led bailout fund if necessary to restore confidence in the euro, Bloomberg news reported on Thursday. “Seven hundred and fifty billion should be enough to assure the markets,” […]

UK bonuses: Standard Chartered refuses to join pact

By Agency Reporter Friday, 26 Nov 2010 Standard Chartered Plc, the United Kingdom-based bank that makes more than three-quarters of its profit in Asia, said it would not join any pact to restrain bonuses for 2010. ”We can confirm we are not part of any pact. It will be unfair to […]