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National / General Business / Finance Cinema / Films Diaspora Education Entertainment Features Sports Tourism

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National / General Business / Finance Cinema / Films Diaspora Education Entertainment Features Sports Tourism

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National / General Business / Finance Cinema / Films Diaspora Education Entertainment Features Sports Tourism

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National / General Business / Finance Cinema / Films Diaspora Education Entertainment Features Sports Tourism

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Thai red leaders say Bangkok protests to continue

US President Barack Obama denies crisis with Israel

EU - Lanka to continue talks

Rahul, Priyanka surprise guests at wedding of staffer’s son

US fully recognises India’s role in Afghanistan: Rao

BSP’s I-T return rises 30 times in 3 years

17 Australians missing after Fiji cyclone

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INTERNATIONAL - business / finance News

Major banks face derivatives fraud case in Italy
Updated - 18/3/2010 - bbc.co.uk.
EU attacks ’optimistic’ economic outlooks
Updated - 18/3/2010 - bbc.co.uk.
Nissan to build Leaf electric car in Sunderland
Updated - 18/3/2010 - bbc.co.uk.
US financial regulation bill unveiled
Updated - 16/3/2010 - bbc.co.uk.
Budget 2010: EU calls for faster UK deficit cuts
Updated - 16/3/2010 - bbc.co.uk.
Lehman plans to end bankruptcy
Updated - 16/3/2010 - indianexpress.
SEC charges Indo-American with fraud
Updated - 16/3/2010 - indianexpress.
UK market abuse ’unacceptably high’, says FSA boss
Updated - 15/3/2010 - bbc.co.uk.
US bank regulation bill due to be unveiled
Updated - 15/3/2010 - bbc.co.uk.
UK airports see record drop in passenger numbers
Updated - 15/3/2010 - bbc.co.uk.
Unite union rejects pressure from ministers over BA talks
Updated - 15/3/2010 - bbc.co.uk.
European monetary fund backed by ECB’s Trichet
Updated - 13/3/2010 - bbc.co.uk.
BA strike: Union announces dates in March
Updated - 13/3/2010 - bbc.co.uk.
British Airways crew plam 7-day strike
Updated - 13/3/2010 - ibnlive.
Buffett takes home $519,490 in 2009
Updated - 13/3/2010 - indianexpress.
Winter weather insurance claims hit £650m
Updated - 11/3/2010 - bbc.co.uk.
US budget deficit hits record $221bn
Updated - 11/3/2010 - bbc.co.uk.
Mexico’s Carlos Slim overtakes Gates in world rich list
Updated - 11/3/2010 - bbc.co.uk.
Greece hit by second general strike in a month
Updated - 11/3/2010 - bbc.co.uk.
Standard Chartered reports record profits
Updated - 4/3/2010 - bbc.co.uk.
US economic growth modest, says Fed’s Beige Book
Updated - 4/3/2010 - bbc.co.uk.
Euro rises against the dollar on Greek austerity plan
Updated - 4/3/2010 - bbc.co.uk.
Geneva motor show dominated by launch of ’green’ cars
Updated - 2/3/2010 - bbc.co.uk.
Huge quake kills 82 in Chile, triggers Pacific tsunami
Updated - 28/2/2010 - indianexpress.
AIG posts $9bn loss in fourth quarter
Updated - 27/2/2010 - bbc.co.uk.
General Motors boss Whitacre to receive $9m pay package
Updated - 20/2/2010 - bbc.co.uk.
Wal-Mart sees lower sales in US
Updated - 19/2/2010 - bbc.co.uk.
Dell hit by lower computer profit margins
Updated - 19/2/2010 - bbc.co.uk.
Microsoft-Yahoo search deal approved
Updated - 19/2/2010 - bbc.co.uk.
Strong sales lift profits at HP
Updated - 18/2/2010 - bbc.co.uk.
US unemployment to stay high despite economy growing
Updated - 18/2/2010 - bbc.co.uk.
BAE profits hit by US truck deal loss
Updated - 18/2/2010 - bbc.co.uk.
France’s BNP Paribas makes fourth-quarter profit
Updated - 17/2/2010 - bbc.co.uk.
Toyota considers Corolla recall over steering problems
Updated - 17/2/2010 - bbc.co.uk.
Dubai stock market falls on debt fears
Updated - 15/2/2010 - bbc.co.uk.
UK jobs market ’still on the ropes’
Updated - 15/2/2010 - bbc.co.uk.
US retail sales growth beats expectations
Updated - 13/2/2010 - bbc.co.uk.
Toyota recalls 8,000 US vehicles
Updated - 13/2/2010 - bbc.co.uk.
US trade deficit widens as imports outpace exports
Updated - 11/2/2010 - bbc.co.uk.
Honda extends airbag recall by 437,000 cars
Updated - 11/2/2010 - bbc.co.uk.
Ben Bernanke outlines strategy to withdraw US stimulus
Updated - 11/2/2010 - bbc.co.uk.
Greece budget woes overshadow EU summit
Updated - 11/2/2010 - bbc.co.uk.
UBS reports first profit in more than a year
Updated - 10/2/2010 - bbc.co.uk.
Opel to invest 11bn euros in new cars
Updated - 10/2/2010 - bbc.co.uk.
Coca-Cola sales boosted by new markets
Updated - 10/2/2010 - bbc.co.uk.
Honda extends airbag recall to 437,000 cars
Updated - 10/2/2010 - bbc.co.uk.
Iran continues to import fuel from RIL
Updated - 10/2/2010 - indianexpress.
Tullow Oil close to Ugandan oil deal
Updated - 9/2/2010 - IANS.
Nokia denies US allegations of misleading investors
Updated - 9/2/2010 - bbc.co.uk.
Toyota ’planning recall of Prius’
Updated - 9/2/2010 - bbc.co.uk.

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Major banks face derivatives fraud case in Italy

Updated - 18/3/2010 - bbc.co.uk.

Four major banks have been ordered to stand trial in Italy in a fraud case related to derivatives trading.

JP Morgan Chase, UBS, Deutsche Bank and Germany’s Depfa bank have been told they will be tried for aggravated fraud, along with 13 other people.

The charges relate to the sale of derivates to the city of Milan.

JP Morgan denied employees involved had acted inappropriately, while Deutsche and UBS also denied any wrongdoing. Depfa was not available for comment.

Interest payments

Prosecutors say the trial, which is due to begin in May, is an important test case for hundreds of Italian cities who have lost money through similar deals.

news.bbc.co.uk/2/hi/business/8573068.stm

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