Rigging Contracts

Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oil consumer, contracted in the second quarter.

Italian police arrested 44 people today accused of dealings with a powerful one-eyed mobster whose gang thrived on rigging Rome public contracts on everything from garbage disposal to park maintenance.

Afghan President Ashraf Ghani has ordered a review of all military logistics contracts after cancelling a $280 million fuel supply deal over allegations the bidding process was rigged, officials said.

The penalty agreed with U.S., UK and Swiss regulators is more than three times the $450 million fine levied on Britain's Barclays in June for rigging the Libor benchmark rate used to price financial contracts around the globe.

Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oil consumer, contracted in the second quarter.

Italian police arrested 44 people today accused of dealings with a powerful one-eyed mobster whose gang thrived on rigging Rome public contracts on everything from garbage disposal to park maintenance.

Afghan President Ashraf Ghani has ordered a review of all military logistics contracts after cancelling a $280 million fuel supply deal over allegations the bidding process was rigged, officials said.

The penalty agreed with U.S., UK and Swiss regulators is more than three times the $450 million fine levied on Britain's Barclays in June for rigging the Libor benchmark rate used to price financial contracts around the globe.