GO
Loading...

London

More

  • SINGAPORE, April 28- Gold clung to sharp overnight gains on Tuesday, bolstered by a weaker dollar and short-covering on rising expectations the Federal Reserve will not hint at a June rate hike at its policy meeting this week. *Spot gold had eased slightly to $1,199.60 an ounce by 0040 GMT, after jumping nearly 2 percent in the previous session.

  • *Saudi Arabia tells China ready to supply more oil if needed. NEW YORK, April 27- Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. "While the situation in Yemen and the falling U.S. rig count have...

  • CHICAGO, April 27- U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt. "We could have two solid weeks of planting, with some scattered showers in between, which would be pretty much ideal," said Jefferies Bache grains analyst...

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • REUTERS BUSINESS NEW SCHEDULE AT 1830 GMT/2:30 PM ET Monday, 27 Apr 2015 | 2:38 PM ET

    Apple Inc is expected to report a 20 percent increase in quarterly profit and that iPhone sales in China surpassed those in the United States for the first time., expect by 1930 GMT/ 4:30 PM ET, by Bill Rigby, 200 words). -BARRICK GOLD-RESULTS/, expect by expect by 1930 GMT/ 4:30 PM ET, 200 words). U.S. stocks move lower as healthcare stocks led by Amgen drag on the three major...

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • *Euro gains on Greece optimism. NEW YORK, April 27- Wall Street fell modestly on Monday following healthcare stocks, but European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. Concerns over Greece have mounted since the country looks set to run out of cash in coming weeks.

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • NEW YORK, April 27- A measure of equity markets worldwide hit record highs on Monday as optimism over Greece supported European stocks while U.S. shares added to last week's gains ahead of Apple results and a Federal Reserve policy meeting. MSCI's all-country world stock index, which tracks shares in 45 countries, extended a multi-year rally to a fresh record...

  • LONDON, April 27- Britain's warning to potential suitors of BP is a sign of the oil major's vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer seems to be an option, banking and industry sources said. Despite championing a laissez-faire policy towards takeover deals, Britain has always had a special...

  • *Greece reshuffles bailout negotiating team. NEW YORK, April 27- The euro climbed to three-weak peaks against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team to forge a deal with lenders about more aid for the cash-strapped country and avoid a default. Greece looks set to run out of funds in...

  • METALS-Nickel hits one-month high on supply concerns Monday, 27 Apr 2015 | 11:03 AM ET

    *Hopes for China policy support boost base metals. Expectations of a more balanced nickel market rose last week after the International Nickel Study Group said the global surplus would shrink to about 20,000 tonnes this year as an export ban on nickel ore by top producer Indonesia further crimps production in China. However, Robin Bhar, metals analyst at...

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 27 Apr 2015 | 11:00 AM ET

    Editor: Alden Bentley +646 223 6200. Cap Gemini to buy U.S.-based IGATE for $4 bln, raises 2015 outlook. PARIS- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company says.

  • *Fed, other central bank meetings key to week ahead. NEW YORK, April 27- The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week. "Any sense from the Fed that a rate hike appears on a further horizon could mean a weaker...

  • COLUMN-BP must remain British, says Whitehall: Kemp Monday, 27 Apr 2015 | 9:44 AM ET

    But the company's identity remains complicated, at once BP and British Petroleum, part of Britain's establishment but also a footloose international oil major with operations around the world. Much more than Royal Dutch Shell, with its historical link to the Netherlands, BP is Britain's national oil company and bears with it the country's hopes for a major...

  • DUBAI, United Arab Emirates— Well-heeled Middle Eastern fans of Italian jewelry and watch maker Bulgari will soon be able to surround themselves in the luxury brand at all hours of the day. The Rome- based jeweler and Dubai property developer Meraas on Monday announced plans for 188 Bulgari- branded homes in the glitz-loving Gulf city. Started by a Greek...

  • *Gold prices recover from five-week lows. LONDON, April 27- Gold rose back above $1,185 an ounce on Monday, recovering from the previous session's five-week low, as investors awaited the Federal Reserve's policy meeting later this week for clues on the timing of a U.S. rate increase. Spot gold was up 0.6 percent at $1,186.10 an ounce at 1213 GMT, while U.S. gold futures...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Brent fell 20 cents to $65.08 a barrel by 1145 GMT, having touched $65.61 earlier in the session. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden.

  • HONG KONG, April 27- A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. HSBC said on Friday it had ordered a review into whether it should move its...

  • *Investors eye Fed, Bank of Japan meetings this week. LONDON, April 27- World shares hit a new high on Monday, with European stocks joining the rally after early falls, as investors looked ahead to central bank meetings this week and put aside worries over Greece. Deutsche Bank, down 3.8 percent, took its toll on the index as investors gave a big strategic overhaul under...