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
*Ghana facing serious currency, inflation problems. ENCHI, Ghana, July 28- Three years ago, when James joined Ghana's anti-smuggling task force, his job was to intercept illicit cocoa shipments from neighbouring Ivory Coast to preserve the superior quality of his country's beans.
*Russia stocks tumble anew after new sanctions, on legal issues. Russia warned the moves would hamper cooperation between the two and undermine the fight against terrorism, although Foreign Minister Sergei Lavrov said on Monday that Moscow would not impose tit-for-tat measures.
But Romania ranks as the European Union's second-poorest state and among the weakest in collecting taxes and fighting fraud, making it poorly equipped to manage the bitcoin.
LONDON— Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations.
*Demand weak in Europe, Asia but supplies ample. *US, EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.
LONDON, July 28- Russia will have 180 days, until January 15 2015, to start paying the $50 billion awarded by the Hague's arbitration court to a group of Yukos shareholders, a lawyer for the shareholder group said on Monday.
LONDON— An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct Russian oil company Yukos over the expropriation of the company more than 10 years ago.
LONDON— Ex-majority shareholder of Yukos Oil Co: court has ordered Russia to pay it over $50 billion.
LONDON, July 28- The U.S. dollar hovered near six-month highs against a basket of major currencies on Monday, with data and policy releases this week set to determine whether its strongest week since March last week prefaces a broader move higher. The euro had stabilised a touch in an Asian session weakened by a holiday in Singapore.
NEW YORK, July 28- Pfizer Inc's vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its pipeline.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
HOUSTON, July 27- A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.
The Marshall Islands- flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington's concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.
LONDON— An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
HOUSTON, July 26- A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington's concerns about independent oil sales from the autonomous region.
MOSCOW, July 26- Russia reacted angrily on Saturday to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis, saying they would hamper cooperation on security issues and undermine the fight against terrorism and organized crime.
BUENOS AIRES, July 26- Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.
A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. That helped the market overcome its latest dip, on July 17th, when a passenger jet was shot down in eastern Ukraine and Israel invaded the Gaza Strip, raising investor worries that conflicts around the world could escalate and destabilize financial markets.
NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.