A federal court in New York sentenced two former Rabobank employees to prison for their roles in manipulating the Libor, an estimated interest rate that serves as a benchmark for financial lenders around the world. The Dutch banks’s former finance executive, Anthony Allen, was handed a two-year prison sentence, with trader Anthony Conti being sent to prison for a year.
With oil prices continue to slide on the global market, petrol and diesel buyers are seeing the result at the pump. Euro 95 petrol in the Netherlands dropped as low as €1.36 per liter, a price spotted at the SuperTank in Lelystad.
Forex market or Forex exchange market is the biggest market in the world in which international currencies are exchanged.