GO
Loading...

London

More

  • SHANGHAI, April 18- China Minsheng Investments will invest 15 billion yuan in a 2 gigawatt solar power plant in the northwestern region of Ningxia, which the company says will be the largest such plant of its kind in the world. CMI, the largest private investment fund in China, said in an announcement emailed to Reuters that the plant would take up around 60,000 mu,...

  • Senator: Decade-old Gulf oil leak is 'unacceptable' Friday, 17 Apr 2015 | 7:23 PM ET

    BATON ROUGE, La.— A U.S. senator from Florida is pressing federal officials to disclose technical data and other information about a decade-old oil leak in the Gulf of Mexico, after an investigation by The Associated Press revealed evidence that the spill is far worse than a company or government regulators have publicly reported. But the Coast Guard provided AP...

  • WASHINGTON, April 17- Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system. French Finance Minister Michel Sapin, however, voiced disappointment with Britain's surprise...

  • PHILADELPHIA— A U.S. appeals court Friday overturned a jury verdict and awarded a Philadelphia family the rights to 10 rare gold coins that could fetch $80 million. Mint in Philadelphia before the 1933 series was melted down when the country went off the gold standard. Her sons, entertainment lawyer Roy Langbord of New York City and David Langbord of Virginia...

  • *Yemen conflict, Middle East turmoil support prices. NEW YORK, April 17- Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95...

  • NEW YORK, April 17- The U.S. dollar posted its worst week in four against a currency basket on Friday after data showing a rise in consumer prices failed to alleviate concerns that recent soft U.S. economic data could delay the Federal Reserve's first rate hike. "The markets feel that the small price increase is not enough to force a June rate increase," said Chris...

  • *Yemen conflict, Middle East turmoil supports prices. NEW YORK, April 17- Brent crude seesawed, while U.S. crude fell on Friday after both contracts rallied to 2015 peaks the previous session, and turmoil in Yemen and the region limited losses. Brent June crude was steady at $63.98 a barrel at 1:41 p.m. EDT, having swung from $62.95 to $64.50 after posting Brent's...

  • *Exxon Mobil front-runner for Mozambique LNG stake-sources. MILAN/ LONDON/ SINGAPORE, April 16- Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources said. The world's largest oil firm has been expected to follow...

  • Glaxo recalls flu vaccine due to potency problem Friday, 17 Apr 2015 | 1:24 PM ET

    WASHINGTON— GlaxoSmithKline is recalling remaining doses of a popular four-in-one flu vaccine because of effectiveness problems. But Glaxo said in a letter it "cannot rule out potential suboptimal protection" in people who received the vaccine in early January or later. More than 99 percent of the vaccines were distributed in 2014, before the product began...

  • *Yemen conflict, Middle East turmoil supports prices. NEW YORK, April 17- Brent crude seesawed, while U.S. crude fell on Friday as turmoil in Yemen and the region limited losses ahead of fresh data on rig counts in the United States. Brent and U.S. crude contracts rallied to 2015 peaks on Thursday, lifted by the conflict in Yemen and the prospect that lower prices are...

  • LONDON, April 17- Argentina announced on Friday it had started legal proceedings in one of its own courts against five British and American companies drilling for oil and gas in the Falkland Islands, a move Britain denounced as bullying. Britain defeated Argentina in a 1982 war over the South Atlantic islands and administers them as an overseas territory, whose...

  • BERLIN/ HAMBURG, April 17- Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business. The committee issued a statement on Friday giving Winterkorn its "full support" and announcing that it would...

  • *Wall Street, European shares also hit by corporate earnings. NEW YORK, April 17- Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise interest rates this year. Stocks in Europe and on Wall Street...

  • LONDON, April 17- A months-long Russian Eurobond rally that drove some sovereign debt prices to multi-year highs is spilling into rouble bonds, with double-digit yields and the promise of interest rate cuts luring foreigners. Russia's most-traded dollar bond, due 2030, has risen 18 cents since end-January to its highest since November 2013.

  • WASHINGTON, April 17- Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system. He also sought to explain Britain's surprise decision last month to join the Beijing- dominated...

  • Greek 'day of reckoning' shakes stock markets Friday, 17 Apr 2015 | 10:30 AM ET

    NEW YORK— Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday. News that negotiations between Greece and its international lenders are making little progress sent European stock markets down sharply, and the selling spread across the Atlantic. "The day of reckoning" for Greece is fast approaching, said Uri...

  • LONDON, April 17- Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb U.S. shale output. While Yemen is not a major oil producer, the conflict raises...

  • LONDON— An expensive and wide-ranging British investigation into alleged bribery by reporters crumbled Friday, after a jury acquitted four tabloid journalists of paying prison officers for information. Jurors at London's Central Criminal Court found Tom Wells, Neil Millard and Brandon Malinsky from the Rupert Murdoch-owned Sun and Graham Brough of the...

  • *U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.

  • NEW DELHI, April 17- India's trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia's third largest economy. That could be about to change, with policymakers and businesses fretting that weak foreign demand could torpedo Prime Minister Narendra Modi's...