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DETROIT (AP) — A house covered in stuffed animals and dolls that was a key part of the Heidelberg Project in Detroit became the latest casualty Friday in a 10-month string of suspicious fires that has devastated much of the long-running interactive outdoor art installation.
By Jamie McGeever and Carmel Crimmins LONDON (Reuters) - In July 2006, during lunch at an upmarket restaurant overlooking the sprawling Smithfield meat market in the City of London, Bank of England officials and senior bank dealers discussed evidence of potential manipulation of the foreign exchange market. It was two years before the issue was discussed again, according to minutes from the meetings, released after a Reuters freedom of information request, and seven years before the Financial Conduct Authority (FCA), Britain's financial regulator, kicked off a global investigation and banks started to suspend or layoff traders. The FCA probe focuses on whether traders used advance knowledge of customer orders to try and manipulate benchmark foreign exchange rates for their own gain, and is a blow to the "hands off" approach to regulating the world's largest financial market. The fact that Bank of England officials knew about possible manipulation and seemingly did not act, raises questions for one of the world's most powerful central banks.