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UK traders acquitted of rigging currency market

Bloomberg Three former British traders were found not guilty of using an online chatroom to fix prices in the $5.1 trillion-a-day foreign exchange market. A federal jury in New York rejected the government’s claim that Richard Usher, Rohan Ramchandani and Christopher Ashton, a group known as “The Cartel,” rigged the market from 2007 to 2013 by coordinating trades and manipulating ...

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Twitter exceeds sales projections in third quarter

Bloomberg Twitter Inc. topped estimates for earnings and revenue in the third quarter amid higher spending from advertisers, marking a much-needed boost for the social-networking site after months of scrutiny from lawmakers and criticism about fake or offensive accounts. The shares rose in early trading. Monthly active users averaged 326 million, San Francisco-based Twitter said in a statement. That’s a ...

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Swedish confidence dips on economic slowdown concern

Bloomberg Swedes became more pessimistic as the central bank prepares to raise interest rates for the first time in seven years and politicians struggle to form a government more than a month after the nation’s inconclusive election. The economic tendency indicator fell to 108.0 in October from 111.2 in September, the National Institute of Economic Research said. Analysts surveyed by ...

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