Fined regulatory bodies around the world five major banks, including "UBS" and "HSBC" and "Citigroup" $ 3.4 billion for failing to prevent its customers from trying to manipulate the foreign exchange market.
a "Royal Bank of Scotland" and "JP Morgan" also faces
sanctions in an investigation that lasted over a year and resulted in a tightening of regulations in the market, amounting to $ 5 trillion a day after it was not subject to little regulation.
It was decided to separate the dozens of dealers or stop them from work they share confidential information about customer orders and their coordination of transactions to make money from the standard index of the foreign exchange rate used by asset managers and officials of the Treasury in the companies to evaluate their holdings, the latest scandal caused to the financial sector.
They used code names to identify the customer, without giving their names and set up chat rooms online is real names such as "players" and "The Three Musketeers" and "1 1 dream team" for the exchange of information, and how did not participate were prone to disregard.
And bearing bank "UBS" Swiss largest fine, as pay $ 661 million to the British Financial Services Authority and the US Commission on trading commodity contracts.
Retained giants Hyundai and Kia Motor share of the global market for cars in the third quarter of this year despite the South Korean currency strength of the global economic slowdown.
According to news agency «Yonhap» that the South Korean Hyundai and Kia models, which represent the main belonging to the Hyundai Motor Group, sold together
1.89 million vehicles in the period from July to September, up 2.7% from the same period last year.
This figure represents 9% of the total global demand for cars and car's 20.9 million, according to estimates by the company «L. EMC» Global Research cars.
And recorded their share of market in the third quarter, down 0.1% from the second quarter's 9.1%. And despite the fact that sales of automakers saw up in the third quarter, the sharp rise in the local currency value of the Korean «won» against the US dollar and the Japanese yen hurt profits . And reduces the height of the local currency value of product competitiveness in international markets.
Secretary-General of the Organization of the oil producing countries, "OPEC," said the Production of oil will fall in the future and expected slowdown in 2018-2020.
Abdullah al-Badri said on Wednesday that the organization is preparing to produce 40 million barrels per day of crude in 2020 with the arbitrator oil slowing.
Badri's comments came after he said Kuwaiti Oil Minister Ali Al-Omair, on Monday, he hopes to stabilize world oil prices "at the level of the benefit of producers and importers."
For his part,
Algerian Finance Minister Mohammad Gulab, on Tuesday, that the decline in oil prices sends a warning signal to Algeria, a member of OPEC, but will not have an immediate negative impact on the country's budget.
