PRESS DIGEST - British business - Nov 13
US OFFICIALS TO INTERVIEW BANKERS OF LIBOR
At least 10 senior traders at RBS have been approached by authorities in the United States in connection with a criminal investigation into alleged manipulation of Libor.
RULE ON TRADER AND NOT BANKING, SAYS JUDGE
The jury in the trial of the alleged "rogue trader" accused of losing UBS $2.3 billion has been told it should not acquit him because of any dislike of banking.
BBC BOSS WAS PAID DOUBLE TO GO QUIETLY
Lord Patten, the chairman of the BBC Trust, admitted on Tuesday that he gave the corporation's former director-general a payoff worth twice as much as he was entitled to so he would go quietly.
BANKS GIVE US EDGE IN GLOBAL RACE, SAYS PM
David Cameron on Wednesday promised to put promoting UK banks and defence companies at the heart of Britain's foreign policy.
US GIANTS 'IMMORAL' OVER TAX AVOIDANCE
Amazon, Google and Starbucks were on Tuesday accused of being "immoral" and "manipulative" and of "practising tax avoidance on an industrial scale".
WATCHDOG INVESTIGATES CLAIMS OF GAS FIXING
The City of London watchdog, the FSA, is investigating claims by a whistleblower that Britain's 300 billion pounds wholesale gas market has been "regularly" manipulated by some of the big power companies, exploiting weaknesses that echo the recent Libor scandal.
US TO BECOME WORLD LEADER IN OIL AND GAS
The U.S. will become the world's biggest producer of oil and gas in the next five years as "fracking" for hydrocarbons contained in shale rocks has enabled the country to increase production massively, according to an authoritative new report.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.