Global financial markets again face a turbulent week, as the latest agreement between European leaders aimed at solving the region’s debt crisis threatens to unravel.
Does Rio Tinto have a case to make for damages -- over the impact of the rigging of the Libor interest rate by Barclays and other banks.
Giant global insurance and pension funds are watching the unfolding Libor scandal with intense interest, as they contemplate massive legal actions against the major banks involved.
With global banking prices purposely massaged by both central and privately owned banks, we shouldn't be surprised corruption sometimes sneaks in. But why don't we question manipulation of the Australian cash rate?