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Business Daily: Trust under threat?

17/07/2012

Trust under threat?

BBC World Service - Business Daily, Trust under threat?

Can we trust markets where traders have a say in fixing prices, including the oil market?

Can we trust markets where traders have a say in fixing prices, including the oil market? Plus, why Australians have lost their breezy optimism.

In the wake of the interest rate-rigging scandal at Barclays, questions are being asked about other markets where traders have a say in fixing prices, including the oil market. Lesley Curwen talks to author and ex-broker Philip Augar, about the incentives and conflicts of interest which might lead traders to manipulate the figures they submit.   

And, how business cultures differ between Africa and South America. The views of Dr Lyal White, director of the Centre for Dynamic Markets at the Gordon Institute of Business Science in Johannesburg. 

Plus, the BBC's Phil Mercer in Sydney describes why Australians seem to have lost their breezy optimism about the economy.

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