GO
Loading...

London

More

  • *Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.

  • An acceleration could leave Argentina facing claims of up to $30 billion, more than the government holds in foreign reserves.

  • WASHINGTON, Aug 20- The U.S. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting. "The committee as a whole has started to shift its stance," said Paul Dales, an economist at Capital Economics in London. "

  • NEW YORK, Aug 20- U.S. crude oil rose in choppy trading on Wednesday ahead of the September contract's expiration and after government data showed crude stocks in the United States fell sharply last week. U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration said, more than analysts had expected.

  • PRECIOUS-Gold falls as dollar jumps after Fed minutes Wednesday, 20 Aug 2014 | 3:09 PM ET

    *Two Bank of England policymakers voted to raise rates. NEW YORK/ LONDON, Aug 20- Gold prices fell on Wednesday as the dollar rallied on economic optimism after the minutes of the Federal Reserve's latest meeting showed the U.S. central bank has seen progress in the U.S. labor market.

  • *Cameron interrupts holiday to return to London. A masked IS jihadist, dressed in black, who stood next to a kneeling James Foley in the video released online spoke with what sounded like a London accent.

  • BP names David Lawler CEO of US business Wednesday, 20 Aug 2014 | 2:06 PM ET

    HOUSTON— BP PLC said Wednesday that it has hired David Lawler as CEO of the oil and gas company's U.S. business, which is gearing up to spin off into its own separate company. Lawler, 46, will join BP on Sept. 15. U.S.-listed shares of London- based BP slipped 14 cents to $48.16 in afternoon trading Wednesday.

  • NEW YORK, Aug 20- U.S. crude oil rose in choppy trading on Wednesday ahead of the September contract's expiration and after government data showed crude stocks in the United States fell sharply last week. U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration said, more than analysts had expected.

  • LONDON, Aug 20- Commodities group Glencore became the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to $1 billion as it reported forecast-beating first-half profit.

  • *Sterling rebounds from four-month low, UK government bonds fall. LONDON, Aug 20- Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike.

  • NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.

  • Stock traders seek edge in pre-market twilight zone Wednesday, 20 Aug 2014 | 6:54 AM ET

    *High-speed trading, tough markets spur out-of-hours interest. LONDON, Aug 20- On most weekday mornings over the past year, Paris- based financial trader David Sibi has turned on a computer program designed to try and beat the U.S. stock market before it even opens.

  • LONDON, Aug 20- Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to $1 billion as it reported forecast-beating first-half profit.

  • Some Bank of England board members seek rate hike Wednesday, 20 Aug 2014 | 4:56 AM ET

    LONDON— The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs this month.

  • FOREX-Dollar breaks out to 11-month highs, eyes on Fed Wednesday, 20 Aug 2014 | 4:18 AM ET

    *All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.

  • Business Highlights Tuesday, 19 Aug 2014 | 6:12 PM ET

    It all makes Sonia Rao, a stay-at-home mother of a 1- year-old in Mountain View, California, "a little uncomfortable." WASHINGTON— U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

  • SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.

  • NEW YORK, Aug 19- U.S. crude oil lost nearly $2 on Tuesday, falling for a second straight day as a rush of selling ahead of the session close brought the contract to its lowest price since January.

  • SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.

  • NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.