GO
Loading...

London

More

  • LOS ANGELES— Harrison Ford crash-landed his vintage airplane at a Los Angeles golf course Thursday, an official said. The actor's single-engine plane went down at about 2:30 p.m. in LA's Venice area, authorities said. The pilot was breathing and conscious when he was taken to a hospital, where he was listed in fair to moderate condition, Los Angeles fire...

  • *Supply concerns in Libya, Iraq initially boost prices. NEW YORK, March 5- Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Washington's pursuit of a nuclear agreement with Tehran, which could end sanctions against Iran and bring more oil...

  • The Boston Consulting Group said last month mobile money transfers in sub-Saharan Africa alone could generate fees of up to $1.5 billion by 2019.. "If you take out air-time, you have a true view of mobile money, and it's not a good story, more than a decade on," says South Africa- based Johan de Lange, who works with banks and phone companies. In Afghanistan, for example,...

  • Mandarin Oriental says hotels in US, Europe hacked Thursday, 5 Mar 2015 | 3:46 PM ET

    NEW YORK— High-end hotel chain Mandarin Oriental said Thursday that the credit card systems at some of its hotels in the U.S. and Europe were hacked. Mandarin Oriental operates about 30 hotels in cities across the world including Paris, London, Geneva, New York, Miami, San Francisco, Las Vegas as well as Shanghai, Hong Kong and Macau. Mandarin Oriental is a unit of...

  • TORONTO, March 5- Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said. The ramp-up in Kit and Ace's growth plans comes as Lululemon Athletica Inc founder Chip Wilson, who announced...

  • LONDON, March 5- Sterling rose to its strongest since late 2007 against the euro on Thursday, bolstered by signs that the European Central Bank might have to plough on with outright money-printing far into next year or longer to restore growth to the euro zone. In a volatile few minutes during ECB president Mario Draghi's post-meeting news conference, sterling...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • *Javier Martin-Artajo attends court hearing in Madrid. MADRID, March 5- A Spanish prosecutor has recommended extradition to the United States of Javier Martin-Artajo, an ex- JPMorgan Chase& Co executive indicted over the "London Whale" scandal which led to over $6.2 billion in trading losses at the bank in 2012.. Spaniard Martin-Artajo, who was the London...

  • *Global stock gains capped by U.S. data, China outlook. *Lack of Iran nuclear deal keeps Brent oil near $61 a bbl. NEW YORK, March 5- The euro fell to an 11 1/ 2- year low against the dollar as U.S. and euro zone bond prices rose on Thursday, after the European Central Bank spelled out its 1 trillion-euro stimulus plan that begins next Monday.

  • Kroger jumped after reporting better-than-expected earnings that were boosted in part by lower fuel costs. Joy Global, a manufacturer of mining equipment, fell sharply after it said that the worldwide plunge in commodity prices was hurting its business. ECB President Mario Draghi also said that the bank's planned 1 trillion euro stimulus program will start...

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11- year low against the dollar, offsetting concerns about tensions in Iraq and Libya. Brent and WTI rose earlier on Thursday due to concerns about oil supplies from Libya and Iraq.

  • LONDON, March 5- The Bank of England marked the sixth anniversary of the introduction of its lowest ever interest rate by standing pat once again on Thursday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no economist polled by Reuters expects the Monetary Policy Committee to raise rates before a May 7...

  • *Lack of deal in Iran nuclear talks support crude oil. LONDON, March 5- The euro hit an 11 1/ 2- year low against the dollar and European stocks nudged higher on Thursday, as the European Central Bank prepared to lay out the details of its impending 1 trillion-euro stimulus plan. The common currency fell as low as $1.1026, its lowest since September 2003, and the region's...

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:34 AM ET
    A worker at Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian Basin outside Midland, Texas, on Dec. 12, 2014.

    Billions of dollars are pouring into oil exchange-traded funds, as investors risk big losses and focus on the chance of huge rewards.

  • UPDATE 1-Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:22 AM ET

    *USO says 80-90 pct of shares held by ETF hedge funds. LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. "They can be quite dodgy," said a British woman who buys and sells oil derivatives from a...

  • Bank of England votes to keep interest rates steady Thursday, 5 Mar 2015 | 7:01 AM ET

    LONDON— The Bank of England has opted to keep interest rates steady at 0.5 percent even as the economic recovery brings the prospect of rate hikes closer. Governor Mark Carney has suggested rates could fall if inflation remains low, but said that's unlikely. Samuel Tombs, economist at Capital Economics, says the bank is likely to remain in "wait and see" mode until...

  • European Central Bank: Recovery is strengthening Thursday, 5 Mar 2015 | 6:32 AM ET

    NICOSIA, Cyprus— The European Central Bank will unleash its 1.1 trillion euro stimulus program on Monday— and says the prospect is already boosting the eurozone economy. Mario Draghi, the bank's president, said consumers and businesses in the 19 euro countries are benefiting not only from cheaper energy prices but also from optimism over the coming stimulus.

  • LONDON— The World Health Organization will start large-scale testing of an experimental Ebola vaccine in Guinea on Saturday to see how effective it might be in preventing future outbreaks of the deadly virus. The West African nations of Sierra Leone, Liberia and Guinea have been hardest hit in the yearlong Ebola outbreak, which is estimated to have left more...

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 5:17 AM ET

    LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. Five of the biggest oil ETFs have seen their assets more than quadruple since July to $5.4 billion as the oil market has had a...

  • *Lack of deal in Iran nuclear talks support crude oil. LONDON, March 5- The euro hit an 11- year low against the dollar and the region's stocks nudged higher on Thursday, as the European Central Bank prepared to provide the finer details of its soon-to-be-launched 1 trillion euro stimulus plan. The common currency fell to as low as $1.1026, its lowest level since...