Biofuels are responsible for 30 percent of the increase in global food prices, pushing 30 million people worldwide into poverty, aid agency Oxfam said in a report on Wednesday.
Lone Star cleared of stock price manipulation (Fund News)
A South Korean high court on Tuesday cleared US private equity house Lone Star of manipulating the stock price of a former credit card unit of Korea Exchange Bank, rejecting an earlier ruling.
Dexia provides $5bn credit line for US monoline (Fund News)
Dexia, the Belgian-French financial services group, acted to bolster confidence in its US bond insurance division by providing a $5bn credit line to the subsidiary.