Barclays fined for manipulating banks rates

Source: BBC
The Financial Service Authority (FSA) fined Barclays for manipulating key interbank lending interest rates. Barclays will have to pay penalties worth 59.5 million British Pounds. Four the most senior bank executives will have to forgo bonuses this year. The FSA added that the bank's malpractice was serious and widespread.

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Thu, 28 Jun 2012 07:22:01 GMT

Dollar slightly lower versus peers ahead of EU summit

US Dollar depreciated versus most of its peers on Thursday as EU officials gather in Brussels today to tackle Eurozone debt turmoil. The greenback gave up 0.4% to USD 1.2519 in London trade and slipped also 0.4% versus Yen to JPY 79.42. Currently EUR/USD is trading at 1.2495.

Wed, 27 Jun 2012 16:40:20 GMT

German DAX gains on fertilizer company K+S AG

German DAX index edged higher on Wednesday supported by fertilizer giant K+S AG. Nevertheless, investors stayed cautious ahead of upcoming EU summit due Thursday. K+S AG rallied 3.0% after Bank of America Merrill Lynch raised the company from underperform to buy. Utility firm E.ON AG gained 2.2% after HSBC upgraded the shares from neutral to overweight. Meanwhile HSBC reduced Infineon

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