EU to fine ICAP over yen cartels: Financial Times
ICAP, the world's largest interdealer broker, will be fined by the EU this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, the Financial Times reported.
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Bank of Beijing Co Ltd board director Lu Haijun is under investigation for serious disciplinary violations, the bank said, the latest high-ranking banker to fall under scrutiny as China's anti-corruption drive turns to the finance sector.
Cuba warned the United States on Monday that it wants American diplomats to scale back aid for Cuban dissidents before the two countries can reopen embassies in each other's capitals.
In making a blaze of largesse and the dismissal of relatively liberal clerics two of his first acts as monarch, Saudi Arabia's King Salman has signaled his approach to big future challenges may differ from that of his liberalizing late brother.
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