Abuja says India to purchase more crude from Nigeria
ABUJA India plans to buy more crude oil from Nigeria, Nigeria's presidency on Tuesday quoted India's vice president as saying during a visit to Abuja.
WASHINGTON The United States will seek the extradition of two former senior UBS UBSN.VX(UBS.N) traders criminally charged as part of a probe into the bank's rigging of the Libor interest rate benchmark, a top U.S. official said.
"We're going to seek their extradition and our investigation continues," Lanny Breuer, assistant attorney general for the criminal division at the U.S. Justice Department, told a news conference on Wednesday.
The criminal complaints are against former traders Tom Hayes and Roger Darin.
"We believe that one of them is in England. The other one is in Switzerland," Breuer said.
"Mr. Hayes obviously was a very, very major trader, and we're going to continue to move forward."
(Reporting by Douwe Miedema; Editing by Jeffrey Benkoe)
ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
BERLIN European Central Bank President Mario Draghi is set to face tough questions from German lawmakers on Wednesday about the bank's ultra-loose monetary policy, just as the ECB is considering even more stimulus to revive inflation.