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  • Flash crash trader: 'Strange character but genius' Friday, 24 Apr 2015 | 2:07 PM ET

    On May 6, 2010, an independent trader from west London received a warning about his behaviour from the US's largest futures exchange. The FT reports.

  • DUBAI, United Arab Emirates— If you're visiting Dubai for a long stopover or business trip, make sure to leave a little space in your bag for a bathing suit, flip-flops and souvenirs. Don't forget to stop and take a selfie on the beach with the sea and Dubai's iconic sail-shaped Burj al-Arab hotel behind you. For a quieter afternoon, head to Dubai's man-made island The...

  • *Lives with parents in modest house in west London. LONDON, April 22- The small suburban house in the flight path of London's Heathrow airport gave no clue to neighbours that it was headquarters of a man accused of earning millions through fraud, and helping cause a trillion dollar "flash crash" on U.S. stock markets. Navinder Singh Sarao is fighting extradition from...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognized Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognised Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • TEHRAN, Iran— A Washington Post reporter jailed for nearly nine months in Iran faces charges of espionage and three other crimes, his lawyer revealed Monday following her first in-depth meeting with the journalist. The Post, citing a statement from defense lawyer Leila Ahsan, said Jason Rezaian also faces charges of "conducting propaganda against the...

  • SEOUL, April 20- South Korean oil refiners are taking more crude from Latin America and Europe and buying more spot volumes to put pressure on Middle Eastern suppliers to lower their official prices. And with South Korea expanding such trade deals, including one already signed with oil producer Colombia and one sought with Ecuador, the purchases from other...

  • Vacationers to Europe will fare better with the average ticket down 3 percent to $1,619, about $50 less than last summer. Flights to Hawaii, Florida and New Orleans are cheaper, but travelers heading to New York, Denver and San Francisco can expect to pay more. Overall fares are down but it will cost more this summer to fly to cities like Amsterdam; London; Budapest,...

  • RIYADH, April 19- Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting chief executive said on Sunday after the company reported a 39 plunge in first-quarter profit. SABIC, one of the world's largest petrochemicals groups and Saudi Arabia's biggest listed...

  • *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...

  • PARIS, April 17- Airbus sees continued strength in the aircraft market and may be able to increase production of its most popular jets beyond their planned rates if that trend continues, the head of the European planemaker said on Friday. Fabrice Bregier, chief executive of the plane making unit of Airbus Group, said he believed Airbus would eventually recapture...

  • LONDON, April 17- Rolls-Royce has won a $9.2 billion deal to supply engines for 50 A380 aircraft for Dubai's Emirates airline, the largest order in its history and giving it a boost after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • LONDON, April 17- Emirates president Tim Clark said on Friday the airline is still waiting for a decision from Airbus over whether the planemaker will proceed with a revamp of the A380 superjumbo. Emirates, which is the leading buyer of the existing A380 jet with 140 orders, has said it would look at placing an order for up to 200 of the so-called A380neo jets should...

  • LONDON, April 17- Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • LONDON— The president of Emirates airline pledged Friday to combat suggestions that the company received subsidies from the United Arab Emirates, even as his ever-expanding airline placed a whopping $9.2 billion order to buy Rolls-Royce engines. Tim Clark told The Associated Press that the allegations leveled by U.S. carriers United, Delta and American...

  • LONDON, April 17- Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • LONDON, April 16- Cheap oil has pushed motorists back to their old gas guzzling habits, unexpectedly helping extend record profits and crude processing for refiners around the world. But the rush to cash in led to fears of a storage glut in oil products, and the industry has been bracing for a profitability crash for months due to massive new state-of-the-art...

  • SYDNEY/ DUBAI, April 16- Dubai's drive to develop its Islamic finance sector is fueling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai's government announced plans to turn the emirate into a center for an "Islamic economy" with...

  • Seattle/ Paris April 16- The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Sales forces at Airbus Group NV and Boeing Co are fighting for potential orders plane by plane as they seek to keep production going beyond the end of the decade, said other aviation market sources. Airbus has said it is also considering a...

  • ABU DHABI, April 15- The boss of Abu Dhabi's Etihad Airways has warned Europe that it will suffer if it restricts the access of foreign carriers to its market, in a fresh effort by fast-growing Gulf airlines to head off what they see as Western protectionism. "Etihad Airways is committed to Europe. State-owned Etihad is making increasing inroads into Europe, partly...