Former trader goes on trial in UK for market manipulation
LONDON (AP) — A British prosecutor says a former Citibank and UBS trader motivated by greed served as the ringmaster of the alleged manipulation of a key interest rate, the London Interbank Lending Rate, or Libor. The charges against trader Tom Hayes, ...
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The Prosecco Panic: A Case Of Market Manipulation
But global demand for champagne is rising, even in markets such as the UK where Prosecco is popular. Though prices have been falling, largely because of heavy discounting by supermarkets. Cheap champagne in the UK is now under £10 a bottle.
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