3 August, 2015 by The TZ Newswire Staff Comments Off on LIBOR rigging trader sentenced to 14 years.
LIBOR rigging trader sentenced to 14 years.
That certainly is not a slap on the wrist
Tom Hayes, former traders at UBS and Citibank was sentenced to 14 year by a judge today for fraudulently rigging the London Interbank Offered Rate or LIBOR rate fixing. The benchmark rate which is used to price many instruments including interest rate swaps, forward rate agreements, and loans to corporate and individuals/mortgages. was manipulated to benefit his trading positions.
3 August, 2015 by The TZ Newswire Staff Comments Off on Jessica Alba’s Honest Company sunscreen may be leaving some users scorched
Jessica Alba’s Honest Company sunscreen may be leaving some users scorched
The company maintains the integrity of the product, saying in a statement the sunscreen has been tested by a third party to meet FDA standards.
read more
3 August, 2015 by The TZ Newswire Staff Comments Off on Americans divided on Iran nuke deal: NBC-WSJ poll
Americans divided on Iran nuke deal: NBC-WSJ poll
Some 35 percent of Americans support the Iran deal, while 33 percent oppose it, according to a new NBC-Wall Street Journal poll.
3 August, 2015 by The TZ Newswire Staff Comments Off on Greece ends the day with just a little 16.23% loss
Greece ends the day with just a little 16.23% loss
European stock market close 3 August 2015
– FTSE -0.1%
– Cac +0.7%
– Dax +1.2%
– Ibex +0.8%
– FTSE Mib +0.7%
– ASE -16.23%
European bonds
– Italy 1.77% flat
3 August, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico’s next crisis? Health care
Puerto Rico’s next crisis? Health care
Puerto Rico faces another cut to Medicare and grapples with a shortage of Medicaid funds, The New York Times reports.
3 August, 2015 by The TZ Newswire Staff Comments Off on Can MercadoLibre Earnings Overcome Latin American Turmoil?
Can MercadoLibre Earnings Overcome Latin American Turmoil?
The online marketplace hopes to reverse a year-ago loss despite challenging conditions in its home market.
3 August, 2015 by The TZ Newswire Staff Comments Off on Oil’s losing streak at its worst for the year
Oil’s losing streak at its worst for the year
The price of oil attracted the most attention on Monday morning with WTI and Brent closing in on their lowest price levels for the year.