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Olam Fund-Raising a 'Bailout': Muddy Waters

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Short-seller Carson Block, founder of Muddy Waters Research, continued his attack against Singapore-listed Olam International on Tuesday, characterizing the company's $1.25 billion fund-raising plan as a "sovereign bailout" a week after the commodities trader said it had enough liquidity.

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Barclays selects JPMorgan as new broker

Barclays has picked JPMorgan to replace Credit Suisse as a corporate broker amid a review of the bank’s performance by new Chairman John McFarlane. Deutsche Bank retained its advisory role.