Ex-Rabobank traders seek dismissal of U.S. charges over Libor scheme NEW YORK, Aug 27- Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not...
| By: Nate Raymond
China rate cut, data surprises send euro zone yields rocketing *China offers overdue support, analysts expect more. LONDON, Aug 25- Euro zone bond yields shot higher on Tuesday after a brace of solid economic releases in Europe and the U.S, and a rate cut in China which quelled angst over a slowdown in the world's second largest economy. Data showing a rise in German business morale and rebounding U.S. consumer confidence both...
| By: Marius Zaharia and John Geddie
European shares up 4 pct after China rate cut *Syngenta surges on sign of sweetened Monsanto offer. LONDON, Aug 25- European shares rose more than 4 percent on Tuesday, on track for their best one-day gain since late 2011, with a rate cut from China providing added juice to a recovery from a bruising 48- hour sell-off. China's woes have led to fears of fresh deflationary pressures around the world and the...
| By: Sudip Kar-Gupta
Amazon pushes 'purposeful Darwinism' on workers Amazon is experimenting with how far it can push white-collar workers, to get them to achieve its ever-expanding ambitions, The NY Times reports.
Source: The New York Times
| By: Jodi Kantor and David Streitfeld
UPDATE 1-Lower bonuses hit UK wage growth, jobless rate steady LONDON, Aug 12- British wage growth fell to a three-month low in June and rapid gains in employment seen over the past couple of years ground to a halt, official figures showed Wednesday, reinforcing the view that the Bank of England is in no rush to raise interest rates. Headline annual earnings growth fell sharply to 2.4 percent in the three months to June from 3.2...
| By: Ana Nicolaci da Costa and David Milliken
UPDATE 2-Canada's Telus adds wireless customers; revenue up 5.1 pct TORONTO, Aug 7- Telus Corp, one of Canada's three big telecoms providers, reported a 5.1 percent rise in quarterly revenue on Friday, while gaining wireless, Internet and television customers during a tumultuous period for the industry. Telus said that in the second quarter it added 76,000 contract wireless customers, who typically spend much more per month for...
| By: Alastair Sharp
INSIGHT-Behind enemy lines: foreign hedge funds thrive in China HONG KONG/ SHANGHAI, Aug 7- Hundreds of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regulators' efforts to calm the country's turbulent stock markets. "With current market volatility and weak retail investor sentiment, these hedge fund strategies would naturally...
| By: Michelle Price and Pete Sweeney