BOSTON - US Republican presidential candidate Mitt Romney's campaign is reporting it raised US$111 million last month to fund his challenge of President Barack Obama. It was the third straight month the former Massachusetts governor has raised more than US$100 million. Obama, however, edged out Romney, raising US$114 million towards his re-election campaign - a significant turnaround after trailing badly in previous months. August fund-raising was especially significant as it reflected the public response to Romney's naming of conservative favorite Paul Ryan as his vice-presidential pick. AP
LONDON - Kweku Adoboli's trial on charges of fraud and false accounting, tied to alleged unauthorised trades that caused losses of US$2.3 billion at Swiss bank UBS, was delayed until Friday. Arguments, which had been scheduled to start yesterday at a London criminal court, were pushed back. The Ghanaian is charged with falsifying records on exchange-traded fund transactions and other documents needed for accounting purposes as early as October 2008. Prosecutors also charged him with fraud for abusing his senior trader position. Bloomberg