Daring Baring trader on the lam
London AP reports 28 year old Nick Leeson, trader at Barings Brothers, fled after massive losses in Asian futures. Bank controlled by administrators as investigators seek salvage plan. Leeson vanished from Singapore, with wife Lisa unlisted, while details of his risky Tokyo futures trades emerge.
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London
Britain
Nick Leeson
Baring Brothers & Co
Leeson
Singapore
Orchard
Lisa
Kuala Lumpur
Malaysia
Tokyo
U.N. says Iraq withholds potential germ warfare materials
U.N. weapons inspector Rolf Ekeus told the Security Council Iraq imported at least 22 tons of material in the late 1980s that could cultivate bacteria for germ warfare, but inspectors cannot locate it through documents or other evidence. He reported productive talks with Iraqi officials about chemical weapons and missiles and said they were willing to address the issue seriously.
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United Nations
Iraq
U.N
Rolf Ekens
U.N. Special Commission
Security Council
Ekens
Baghdad
Mexican stocks and peso plunge as crisis deepens
Mexico’s stock market dropped 6.9 percent, the largest fall in over a year, closing at 1,447.52 as investors grapple with the economic crisis. The peso also fell, trading around 16.8 cents to the dollar, with lingering concerns over foreign reserves and debt payments despite international aid efforts.
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Mexico City
Mexico
Foley to be knighted without sir title in March
Spokane report notes Tom Foley will receive a British knighthood on March 19 but as a non subject he cannot kneel for the queen or be tapped with a sword nor use the title sir. He may use postnominal initials for the knighthood.
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Spokane
Wash
Tom Foley
House
Washington Democrat
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Germany
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