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In London’s sixth rate-rigging trial, the three defendants are accused of conspiracy to defraud by dishonestly manipulating Euribor (the euro interbank offered rate), a Brussels-based benchmark that helps determine rates on more than $150 trillion of global financial contracts and loans, between 2005 and 2009. Waddington said that two other bankers, former Barclays trader Philippe Moryoussef and Christian Bittar, a one-time Deutsche Bank (DBKGn.DE) trader, already stood convicted. “The issue is whether one or more of these defendants tuxedo cufflinks. was also a party to that conspiracy,” he told the 12-person jury at London’s Southwark Crown Court..
Euribor, like its Libor (London interbank offered rate) counterpart, is designed to reflect the cost of borrowing between banks and is set after submitters at a panel of major banks report their estimated costs of borrowing over differing periods to an administrator, who calculates an average tuxedo cufflinks. Waddington alleged that the three defendants tilted the odds in their favor for profit, tweaked rates to gain a dishonest trading advantage and thought they would not be caught out. Some of the world’s most powerful financial institutions have paid around $9 billion to settle allegations that bankers submitted rates that flattered their own trading books..
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other markets outside the United States to compete with models such as Ford Motor Co’s (F.N) Thailand-built Ranger. “A gaping hole in our portfolio is a metric ton pickup” that would be a lower-cost, lower-priced vehicle aimed at work and commercial uses in markets outside the United States, Manley said in an interview at the Detroit auto show tuxedo cufflinks.
“Do you fill that individually or fill that in partnership? We are looking at what can we do individually, and if we partner with someone what would that look like?” tuxedo cufflinks. Rivals Ford and Volkswagen AG (VOWG_p.DE) on Tuesday said they plan to jointly develop replacements for their respective midsize trucks as part of a new commercial vehicle alliance. VW and Ford compete with Fiat Chrysler for pickup sales in a variety of markets, including the United States and Brazil. FCA last year outlined plans to launch such a pickup – smaller than its current Ram 1500 model – by 2022. Manley drew a distinction between the Jeep Gladiator midsize pickup that Fiat Chrysler unveiled in Los Angeles last November, and the “metric ton” pickup sold in developing markets. The Gladiator is a “lifestyle truck,” he said, that is not designed to compete at the lower price levels typical of work-oriented pickups..
(Reuters) – Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for the second year in a row, ahead of a widely anticipated initial public offering this year. Airbnb’s expected listing in 2019 would be among a string of public debuts by highly valued Silicon Valley companies, including ride-hailing company Uber Technologies Inc [UBER.UL], rival Lyft Inc and workplace messaging firm Slack tuxedo cufflinks. Uber and Lyft remain unprofitable. San Francisco, California-based Airbnb, valued by private investors at $31 billion, has in recent months turned to new services and offerings to fuel growth by adding luxury vacation homes and hotels to its platform..