PRESS DIGEST- Financial Times - Oct 30

Tue Oct 29, 2013 9:54pm EDT

Oct 30 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

RABOBANK AGREES TO PAY $1 BLN LIBOR FINE

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BARCLAYS FACES NEW $700 MLN BILL

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CREDITORS FEAR BEING LEFT WITH NOTHING AFTER OGX GAS SELL-OFF

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BP PROMISES FURTHER $10 BLN OF ASSET SALES

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HIGH STREET HORROR AS BLOCKBUSTER'S UK ARM COLLAPSES AGAIN

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Overview

Rabobank agreed to a $1 billion fine to U.S., British and Dutch authorities, admitting that dozens of employees manipulated the Libor and other key benchmark interest rates over six years.

Barclays may need to pay out as much as $700 million to U.S. hedge fund Black Diamond, after losing an appeal in a five-year legal struggle when a New York supreme court found the bank liable for breach of contract over a vast credit derivatives transaction.

Creditor banks of Brazilian tycoon Eike Batista's OGX on Monday struck a private deal to sell off the troubled oil company's natural gas business. The move has other creditors and shareholders anxious that they will be left with next to nothing if OGX files for bankruptcy.

BP's Chief Executive Bob Dudley said the UK oil major plans to sell a further $10 billion worth of assets by the end of 2015, which could signal higher payouts to investors.

DVD rental chain Blockbuster's British arm is set to go back into administration for the second time in 10 months, putting 2,000 jobs at risk after poor retail and rental sales.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.