U.S. and British authorities are hours away from fining ICAP, the world’s biggest interdealer-broker, and charging current and former staff in connection with the manipulation of the Libor benchmark interest rate. The rate rigging scandal, which has laid bare the failings of regulators and bank bosses, has already seen three […]
Tag: Reuters
Sinopec’s Addax loses court ruling on Gabon oil licence: document
Addax Petroleum, owned by top Chinese refiner Sinopec, has lost a ruling at an international tribunal as part of a $1 billion legal battle over an oilfield in Gabon, a confidential document showed. The International Chamber of Commerce’s arbitration court, in its first decision in the dispute, rejected a request […]
Twitter takes first step toward going public
Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last year. The impending IPO of the microblogging phenomenon ignited a competition among Wall Street’s biggest names […]
