As ten enforcement agencies throughout the globe have been investigating a possible Libor rates fixing scandal for up to eighteen months, what regulators were looking for "doesn't seem to be what they are now encountering in terms of potential abuse," Megan Murphy, investment banking correspondent for the Financial Times, told CNBC.
Canaccord Financial and China's deep-pocketed Eximbank announced plans on Thursday to form a $1 billion fund to invest in Canadian resources, the newest push by the Asian giant to gain access to Canada's oil and minerals.
Australia beat out the United States and Singapore to take top place among expatriates as an ideal residence for quality of life and career prospects, according to an international survey released on Thursday.