Convinced that consumers are finally ready to shop online for Picassos in addition to Pez dispensers, Sotheby's and eBay are teaming up again. The NYT reports.» Read More
LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts, after producing more liquids and selling at higher prices. The company joins rival BP Plc in reporting better-than-expected earnings.
LONDON, July 31- AstraZeneca smashed forecasts for second-quarter sales and earnings on Thursday, demonstrating resilience after seeing off a $118 billion takeover approach from rival drugmaker Pfizer two months ago.
*Settlement talks in New York end without agreement. *Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday.
*Bank of Portugal suspends BES risk, compliance, audit staff. LONDON/ LISBON, July 30- Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros, the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.
*Settlement talks in New York end without agreement. *Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina faces its second default in more than 12 years after talks with holdout creditors failed on Wednesday.
KOBE, Japan- Bank of Japan board member Takahide Kiuchi speaks to business leaders in Kobe. ROME- French Finance minister Michel Sapin visits Rome. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at seminar hosted by Naigai-Josei Chosa-kai in Tokyo- 0330 GMT.
*Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
*Settlement talks in New York continue. *Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.
NEW YORK, July 30- Oil prices tumbled on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia and U.S. crude followed suit despite a larger-than-expected drop in nationwide stockpiles.
*Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.
*Flows of Russian wealth to Singapore rising. *Banks in Singapore are clamping down on who they let in. New sanctions imposed by Washington and Europe over the Ukraine crisis have prompted firms such as VTB- Russia's second-largest bank by assets- and Gazprombank to look east for new sources of funding.
*U.S crude stocks down 3.7 mln barrels, Cushing down- EIA. NEW YORK, July 30- Oil prices fell on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia, while U.S. crude pared gains despite a larger-than-expected drop in nationwide stockpiles.
Britons will travel to a spaceport in a driverless car where they could download pictures on 5G networks, according to government plans.
BAGHDAD— European airlines and a Dubai- based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite Iraq saying its skies are safe.
*U.S., EU impose more sanctions on Russia over Ukraine. LONDON, July 30- Brent crude oil steadied below $108 a barrel on Wednesday, weakened by ample supplies in Europe and Asia, while U.S crude edged higher after data showed a large drop in stockpiles.
LONDON, July 30- Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tightens its regulatory clampdown on wrongdoing in the financial sector.
NEW YORK, July 30- The U.S. dollar hit over 10- month highs against a basket of major currencies on Wednesday after stronger-than-expected U.S. gross domestic product data bolstered expectations for a more hawkish Federal Reserve.
LONDON, July 30- Britain's Serious Fraud Office is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The SFO simply said it worked closely with UK and overseas agencies.
MOSCOW/ KIEV, July 30- Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow- backed rebels and government troops has intensified since a Malaysian airliner was shot down.