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Friday, 25 July 2008

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National business briefs: Facebook unveils tools for programmers

Oil speculator charged The Commodity Futures Trading Commission on Thursday announced that it has charged the Dutch company Optiver Holding BV and its American subsidiary with manipulating the trading of contracts for future delivery of oil and gasoline. In e-mails and phone conversations released by the commission, Optiver's heads of U.S. and global trading talk about how they are able to "bully the market" and use similar references such as "whack" or "push" or "move" the futures markets. In a series of phone recordings and e-mails obtained by enforcement officials, company executives weigh...

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