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LONDON/ZURICH Three British men were detained in London on Tuesday in the first arrests stemming from a global investigation into the manipulation of interbank lending rates. One of those arrested was former Citigroup and UBS trader Thomas Hayes, according to a source familiar with the situation. Hayes could not immediately be reached for comment and the identity of the others could not be determined by Reuters. Prosecutors and regulators across Europe, the United States, Canada and Japan have been investigating how traders attempted to rig key benchmark lending rates such as Libor (London interbank offered rate). Dozens of people have […]

TOKYO Hitachi Ltd <6501.T>, Japan’s largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen ($ 628.46 million), Japanese media said on Saturday. Horizon, which plans to build 6 gigawatts of nuclear capacity, was put up for sale by its German owners E.ON AG and RWE AG in March, as Germany’s decision to pull out of nuclear power hurt the utilities’ finances. Hitachi is expected to hold a board meeting on Tuesday to approve the deal and officially announce it later that day, both the […]

STORY HIGHLIGHTS Jaguar has revealed its new sports car, which brand’s boss calls quintessentially British Footage of the F-Type is released exclusively on CNN’s Quest Means Business F-Type’s release has already created extensive chatter from sports car fans on the web Jaguar Land Rover chief executive Ralf Speth tells CNN car will likely have “very special demand” Editor’s note: Watch Quest Means Business on CNN International, 0600pm GMT weekdays. Quest Means Business is presented by CNN’s foremost international business correspondent Richard Quest. Follow him and CNN anchor Max Foster on Twitter. London — Jaguar has revealed its new sports car […]

Fans of the home side, Team GB, wave Union Jack flags during the Olympic GamesQuest: Britain has brought the Olympics Games back a dose of sanityThough criticized, the £9.3 billion cost was put to good use at a time of stimulus spendingIOC President Jacques Rogge: “London has created a legacy blueprint” Challenge for UK civic and political leaders: Harness Britain’s Olympic pride Editor’s note: Richard Quest is CNN’s foremost international business correspondent and presenter of Quest Means Business. He also is a British citizen and no pretense is made that this article is even-handed or neutral. Follow him on Twitter.London […]

Britain’s financing ressortchef (umgangssprachlich) according to a breast distance aren’t “unexpected” Britain’s monetary complement pull behind simply by 02% inside of a final 3 months with 2011, a us govenment claims Progress finished up being auspicious for those halloween as being a whole, a apartment with Nationwide Stats claims Greater london — The sold Uk monetary complement shrank simply by about 02% inside of a final 3 months with 2011, a apartment with Nationwide Stats spoken Wednesday, however a segment is only not however inside of mercantile predicament simply since growth finished up being auspicious inside a 3 months forward of which. Economic […]

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I keep a list of hilarious quotes, and bits of wisdom, from some of the world’s greatest thinkers. It’s a New Year—we’re here looking out for you. Meanwhile–enjoy! – EMac aka Liz MacDonald “Horse sense is the thing a …

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