A man and a woman were arrested on suspicion of conspiracy to murder, reports NBC's Annabel Roberts.» Read More
LONDON, May 23- The euro zone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European Central Bank President Mario Draghi said on Thursday.
*Weak manufacturing in China, Europe, U.S. spur buying. The combination of the weaker dollar and the drop in equities markets has triggered fairly robust safe-haven buying in gold, "said James Steel, metals analyst and senior vice president at HSBC in New York.
*U.S. equities recoup earlier losses, supporting oil. NEW YORK, May 23- Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat.
NEW YORK, May 23- We are living in the age of the technocrats. From Washington to Frankfurt to Rome, technocrats have stepped in where politicians feared to tread, rescuing economies, or at least propping them up, in the process.
NEW YORK, May 23- Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities selloff, supported as selling in U.S. equities tapered off on the back of encouraging domestic economic data.
A man and a woman were arrested on suspicion of conspiracy to murder, reports NBC's Annabel Roberts.
LONDON, May 23- In the lurid scene of the red-handed knifeman describing his motives for hacking to death a British soldier in broad daylight, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
LONDON, May 23- Strapping his baby into a car seat, Abu Khaled said it was unfortunate that a British soldier was hacked to death in an apparent Islamist attack a day earlier in London, but it was not the only misfortune on his mind. "Eleven children died in Afghanistan in a U.S. drone attack about the time of the Boston bombings.
NEW YORK, May 23- The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.
LONDON, May 23- A benchmark European equity index had its worst one-day fall in nearly a year on Thursday, hit by worries over a possible end to U.S. economic stimulus measures, with mining and auto stocks among the worst performers.
NEW YORK, May 23- Oil fell to a three-week low on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand, and worries about an early scale-back in U.S.
LONDON, May 23- A group of U.S. accountancy professors is backing BP's fight to rein in compensation it has to pay for the 2010 Gulf of Mexico oil spill, which is threatening to add billions of dollars to its growing bill for the disaster.
LONDON, May 23- Gold rose on Thursday as the dollar remained under pressure after falling U.S. weekly jobless claims and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus.
LONDON, May 23- Trader Andrew Caplan is set to become the new head of Glencore Xstrata's aluminium division after the departure of veteran Gary Fegel, a source with direct knowledge of the situation said.
STOCKHOLM, May 23- The scene of Sweden's worst riots in years, Husby is on the surface at least a typically neat suburb of colourful playgrounds, manicured parks and low rise apartment buildings.
*EU readies first shadow banking reform. LONDON, May 23- About half of the European Union's trillion euro money market funds would have to set aside a chunk of cash under a proposed EU reform to make a run on a fund in rocky markets less likely.
*Nikkei drops 7.3 pct, Wall Street opens lower. LONDON, May 22- World stocks fell and measures of investor risk aversion surged on Thursday on signs the U.S. central bank may soon start scaling back the support measures that have been driving global assets higher.
LONDON, May 23- Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in U.S. China's factory activity shrank for the first time in seven months in May, a survey showed.
LONDON, May 23- UK- based publisher Pearson, buffeted by a string of managerial changes and slowing growth, unveiled a further shake-up on Thursday that it said would take some time to implement.
LONDON/ NEW YORK, May 23- Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.