Forex traders fiddle on deals – probe
LONDON: The global probe into alleged manipulation of currency rates has uncovered evidence of collusion between traders to try to maximise profits and minimise losses, according to the Wall Street Journal.
Electronic chatroom messages appear to show that traders from different banks shared information about client orders and agreed to sequence their own trades to take advantage, the authoritative financial paper reported yesterday. JAKARTA/ SINGAPORE: On rainy days in Jakarta, a canny street merchant like Emi can sell two dozen sachets of herbal cold cure Tolak Angin to office workers and labourers sniffling by her roadside stall.
“Herbal medicine is good for the body because it’s natural,” says Emi, who goes by only one name. Laced with ginger, cloves and mint leaves, the traditional remedy Emi sells for 25 cents apiece is also good for business. The company that