GO
Loading...

London

More

  • LONDON, Oct 31- Copper fell on Friday due to a strong dollar buoyed by U.S. economic data, outweighing the positive impact of a surprise move by Japan to expand its stimulus programme. The dollar index hit the highest levels since June 2010, weighing on commodities priced in U.S. currency since it makes them more expensive for buyers outside of the United States.

  • LONDON, Oct 31- Romanian investment fund Fondul Proprietatea aims to launch its secondary listing in London in December and hopes to get approval from shareholders for another share buyback, the fund's manager Greg Konieczny said. On Friday, Fondul had a market capitalisation of 11.6 billion lei on the Bucharest stock exchange. Templeton has pushed...

  • LONDON, Oct 31- OPEC's oil supply in October has fallen by 120,000 barrels per day due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Iraq kept output close to September's two-year high. OPEC pumps a third of the world's oil and meets in November to set output policy for early 2015. Despite oil's drop below...

  • UK Treasury chief set to pay off World War I bonds Friday, 31 Oct 2014 | 9:19 AM ET

    LONDON— Britain is repaying some of the 2 billion pounds it still owes investors who helped finance World War I. As Europe marks the centenary of the war, Treasury chief George Osborne said Friday the government plans to redeem some National War Bonds issued in 1917 when it refinances 218 million pounds of debt issued as far back as the 18th century.

  • NAIROBI, Oct 31- Kenya, like other nations on a continent that boasts some of the fastest growth rates in the world, is racing to upgrade neglected infrastructure, improve regulations and revise often outdated economic figures to spur investment. But Kenya's challenges, many of which are mirrored across Africa, are formidable if it wants to build on recent gains.

  • 2 missing after blaze at UK fireworks warehouse Friday, 31 Oct 2014 | 8:56 AM ET

    LONDON— British police say two people are missing after a blaze at a fireworks warehouse that sent plumes of black smoke and explosions into the sky. The Staffordshire Police force says officers and fire officials are investigating the cause of the fire at the SP Plastics building in Stafford, central England. Police say rescue workers will begin searching for...

  • *Ups 2014 forecast to 550 mln- 600 mln euros above 2013. LONDON, Oct 31- The owner of British Airways and Iberia raised its forecast for profits this year and said it was on course for another rise in 2015 despite an increasingly competitive backdrop that has hit rival European airlines. International Airlines Group's performance contrasts with Air France-KLM...

  • *Gold drops over 2 pct, silver down 3 pct. LONDON, Oct 31- Gold and silver slumped to their lowest since 2010 on Friday as the dollar and stock markets soared following a new round of quantitative easing by the Bank of Japan and U.S. data showing a robust economy. The metal breached important support levels at $1,200 and $1,180, where stop losses- automatic sale orders-...

  • Aon tops Street 3Q forecasts Friday, 31 Oct 2014 | 6:42 AM ET

    LONDON _ Aon PLC on Friday reported earnings of $309 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share. Analysts expected $2.85 billion, according to Zacks.

  • Eurozone inflation creeps up to 0.4 percent Friday, 31 Oct 2014 | 6:09 AM ET

    FRANKFURT, Germany— Inflation crept higher in the 18 countries that use the euro in October— but the rise to an annual 0.4 percent offered little relief to the European Central Bank as it tries to boost a weak economy. The European Central Bank is under pressure to introduce more drastic stimulus measures in coming months to boost the ailing eurozone economy,...

  • RBS sets aside $639 million for currency probe Friday, 31 Oct 2014 | 5:44 AM ET

    LONDON— Royal Bank of Scotland, which is majority-owned by the U.K. government, has set aside 400 million pounds to cover potential fines arising from international investigations into alleged manipulation of foreign currency trading. The total represents over half the 780 million pounds the bank earmarked for "conduct and litigation costs" in...

  • LONDON, Oct 31- World shares jumped and the yen fell to a seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus programme. In a rare split decision, the BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds so that its holdings increase at an annual pace...

  • Hello Kitty's 40 years of cuteness and cool Friday, 31 Oct 2014 | 4:34 AM ET

    Only a handful of characters last so long, especially in Japan, where thousands come and go in a highly competitive market. Hello Kitty's company, Sanrio Co., which specializes in designing and making a wide range of products in the booming "cute" business, created her as a character 40 years ago. According to Sanrio, her real name is Kitty White, born Nov. 1— no year is...

  • US, global stocks get big boost from Bank of Japan Friday, 31 Oct 2014 | 1:41 AM ET

    SEOUL, South Korea— Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy. Expectations Japan's $1.1 trillion public pension fund would boost its equity holdings gave a further boost to the market.

  • Asia stocks gain after robust US growth report Friday, 31 Oct 2014 | 12:05 AM ET

    SEOUL, South Korea— Asian stocks climbed Friday after strong U.S. economic growth and upbeat earnings sent Wall Street higher. KEEPING SCORE: Japan's Nikkei 225 jumped 1.7 percent to 15,921.26 and Hong Kong's Hang Seng advanced 0.9 percent to 23,902.57. Stocks in mainland China, India and Southeast Asia also rose.

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • LONDON, Oct 30- The new head of French energy major Total challenged Europe to fight Washington over the U.S. oil export ban, in his first public appearance since his predecessor Christophe de Margerie was killed in a Moscow plane crash last week. "I hope the European Commission raises this issue... the refiners in Europe and Asia are suffering from one rule.

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car division rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they...

  • Not so sweet: Chocolate prices are set to rise Thursday, 30 Oct 2014 | 12:51 PM ET

    NEW YORK— That bowl of chocolates for ninjas and ghosts won't cost you more this Halloween. Picking the perfect sweet for your Valentine could. Hershey CEO, John Bilbrey, said in an interview with CNBC earlier this month that shoppers wouldn't see a price increase this year because his company negotiated prices for its holiday items well in advance.

  • UPDATE 4-Apple's Cook: "I'm proud to be gay" Thursday, 30 Oct 2014 | 12:24 PM ET

    *Apple Chairman Art Levinson calls Cook "courageous". Oct 30- Apple Inc CEO Tim Cook on Thursday became the most prominent American corporate leader to come out as being gay, saying he was trading off his closely guarded privacy for the chance to help move forward civil rights. The Alabama native, who has spoken out against discrimination of lesbian, gay, bisexual and...