Japan wants to penalize Citigroup Inc

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Japanese securities regulators are willing to punish Citigroup Inc for trying to manipulateTokyo interbank offered rate. Workers at Citigroup Japanese division pressed other financials to submit interest rates which would guarantee Tibor moved towards brokerage's advantage. Japanese regulators are urging Financial Services Agency to punish Japanese unit of Citigroup Global Markets.

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Thu, 08 Dec 2011 20:28:19 GMT

Euro plunges on Draghi's claim

17-nation currency declined against Japanese yen reaching 3-week low as well as fell to a 1-month record low against greenback after ECB President Mario Draghi told he did not indicate bank's intervention by purchasing bonds from debt-troubled countries to stimulate growth. Euro depreciated 0.6% to ВҐ103.55 against yen in New York afternoon trade and lost 0.7% to $1.3323 against US dollar. EUR/JPY currently is trading

Thu, 08 Dec 2011 20:27:20 GMT

US stocks retreat on Drahi's comments

US stocks fell immediately after opening on Thursday, after ECB President Mario Draghi announced that bank won't purchase debt of troubled European countries. In New York morning trade Dow Jones Industrial Average lost 1.3% to 12,116.11 after climbing for 3 days in a row. Standard & Poor's 500 also gave up 1.3% reaching 1,244.85 while Nasdaq Composite dropped 1% to 2,623.83. 

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