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Wednesday, September 25, 2013

Morning Digest: U.S., UK to fine ICAP, charge staff over Libor scam

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09/25/2013
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U.S., UK to fine ICAP, charge staff over Libor scam
(Reuters) - 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..
India-U.S. ties lose shine over economic differences
NEW DELHI (Reuters) - When India's Prime Minister Manmohan Singh last visited the White House in 2009 he was feted at President Barack Obama's first state dinner, a star-studded affair that reflected the excitement about blooming ties between the two big democracies..
Dollar slips, shares weak as U.S. budget worries weigh
LONDON (Reuters) - The dollar fell and world shares held near a one-week low on Wednesday as concerns over a potential government shutdown in Washington and mixed signals on U.S. monetary policy kept investors on edge..
Cher saves 'best effort' for first album in 12 years
LOS ANGELES (Reuters) - Few musicians are able to keep their careers alive for more than five decades, but pop diva Cher says her latest album is her "best effort ever.".
U.S. boat pulls even in historic America's Cup comeback
SAN FRANCISCO (Reuters) - Oracle Team USA won two more races against Emirates Team New Zealand to even up the America's Cup finals on Tuesday, continuing an epic comeback in a regatta that once looked like a Kiwi cakewalk and will now be decided by a single winner-take-all showdown..
Facebook and Twitter too late for China's Internet
BEIJING (Reuters) - Facebook Inc and Twitter face a daunting task in China, if access to their social networks is unblocked, as they would be up against deeply entrenched domestic rivals which cater to local needs and tastes..
Reforms urged to make UN climate reports shorter, more focused
OSLO (Reuters) - Climate experts on a U.N. panel should focus more on shorter reports on specialist subjects such as extreme weather in a shift from sweeping overviews of the kind being prepared this week in Stockholm, many scientists and governments say..
Diageo's 'Arthur's Day' faces backlash in home of Guinness
DUBLIN (Reuters) - The Irish are famous around the world for their convivial drinking culture and the cosy pubs that have been copied around the world - but it seems they do not want to be cajoled into an annual celebration of their best-known beer..
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