KPMG Trial, Pared in Scope, Nears After Stormy Prologue

KPMG Trial, Pared in Scope, Nears After Stormy Prologue
Wall Street Journal - The government's case is expected to be bolstered by the guilty plea last month of David Amir Makov, a one-time currency and fixed-income derivatives trader, who said the "sole purpose" of the Blips shelter was to generate "paper losses" and fees. Mr

Broker downgrades Qantas
News.com.au - ONE man slept with 30 women from his workplace, another exposed his penis in the office and a banker had sex on all of her colleagues' desks. Currency: Dollar hits new 23-year high Legal action: Judge questions Telstra's legal motives Scandal: Vizard

Behind the Weak Dollar
US News and World Report - The Fed clearly watches the value of the dollar and considers that in setting interest rates, but the United States generally doesn't intervene directly in currency markets to try to change the dollar's value. What risks come with a weaker dollar?

Diners Club guilty over currency conversion fees
Scoop - Diners Club eighth to plead guilty over currency conversion fees Diners Club has become the eighth financial institution to plead guilty to breaching the Fair Trading Act by failing to properly disclose its currency conversion fees. The breaches

A Tax Cut Even Milton Friedman Might Not Like: William Pesek
Bloomberg - Oct. 12 (Bloomberg) -- Hong Kong has a pegged currency, the only state-owned Disneyland, a leader who's selected by China, a handful of oligarchs towering over it -- and it's the world's freest economy. `Huh?' you might ask, and you'd have a point

RPT-UPDATE 1-Treasury's Kimmitt:Dollar must reflect fundamentals
Reuters - Earlier on Thursday, Treasury Secretary Henry Paulson told Reuters he backed a strong dollar and that currency rates should be set by markets. Kimmitt also said the G7 finance ministers and central bankers would discuss global economic imbalances

Renton pair plead guilty in massive pot-growing operation
Seattle Times - In three days in 2005, according to court papers, Tran deposited $36,500 in cash — divided up to avoid triggering a requirement that banks report currency transactions in excess of $10,000. Tran's family operated Kent Garden Supplies, which the Drug

Argentina, Mexico and Venezuela: Local Bond, Currency Preview
Bloomberg - Oct. 12 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous day's session. Argentina: President Nestor Kirchner said

U.S. Dollar Steadies Before Data, Yen Off Lows Against Euro
CNBC - JPY-TN   Loading       ( %)   ] rose against the yen from late New York trade on Thursday, when the U.S. currency hit a two-month high of 117.79 yen on EBS. The Fed slashed interest rates by an aggressive 50 basis points to 4.75% in