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  • LONDON— Britain's retailers might just be rejoicing as much as Kate and Wills about the birth of a new baby princess. "The royals having a baby girl is most likely to result in a financial windfall for everyone— U.K. tourism and retailers alike," said Tonya Williams Bradford, a marketing expert at the University of Notre Dame in Indiana. People want to copy what the...

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • LONDON— Ian Robinson, co-owner of a small investment firm in London, is watching Britain's general election this Thursday with unease. A victory for Prime Minister David Cameron's Conservative Party could bring Britain a step closer to leaving the 28- nation European Union, a move many companies fear would cause damage by increasing costs of doing business on...

  • Sterling suffers bout of UK poll nerves Saturday, 2 May 2015 | 5:25 AM ET
    British Prime Minister David Cameron

    Sterling dropped sharply against the dollar as markets brace for a potentially messy outcome to the election, the Financial Times reports.

  • *Iraq exports reach 3.08 million bpd in April. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar. June Brent crude fell 32 cents to settle at $66.46 a barrel, after falling to $65.52 and having earlier matched Thursday's 2015 peak of $66.93.

  • NEW YORK, May 1- U.S. prosecutors said Friday their efforts extradite from Spain a former JPMorgan Chase& Co executive charged in connection with the bank's $6.2 billion "London Whale" scandal had hit a dead end. In a filing in Manhattan federal court, prosecutors said Spanish authorities have decided not to appeal an April 23 ruling by a court rejecting the...

  • *Iraq exports reach 3.08 million bpd in April. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar. June Brent crude fell 32 cents to settle at $66.46 a barrel, after falling to $65.52 and having earlier matched Thursday's 2015 peak of $66.93.

  • NEW YORK, May 1- The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the U.S. economy may be stabilizing after a recent soft patch. Volumes was thin, with most of Europe shut for the May Day holiday. "The numbers were mixed and while there has been some improvement in the...

  • The five banks are JPMorgan Chase& Co, Citigroup, British banks Royal Bank of Scotland and Barclays and Swiss bank UBS. RBS and Barclays this week set aside a further $1.71 billion for investigations and litigation involving foreign exchange. RBS's $510 million brought its total FX provision to $1.1 billion and Barclays' additional $1.2 billion raised its...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched higher on a surge in the shares of Lloyds bank and mining companies.

  • Wheat prices were mixed, hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in...

  • NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and as the dollar strengthened. June Brent was down 78 cents at $66 barrel at 1:35 p.m. EDT, up from its $65.52 low after matching Thursday's 2015 peak of $66.93. U.S. crude for June delivery was down 86 cents at $58.77, after hitting a 2015 high of $59.90...

  • Business events scheduled for the coming week Friday, 1 May 2015 | 1:20 PM ET

    WASHINGTON— Commerce Department releases factory orders for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m.. WASHINGTON— Labor Department releases first-quarter productivity data, 8:30 a.m..

  • Wheat prices were hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in many...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched into positive territory after miners advanced on expectations of further stimulus in China, the world's top metals consumer. 1/ 8 ID:...

  • *U.S. rig count from Baker Hughes due 1:00 p.m. EDT. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar. June Brent was down 86 cents at $65.92 barrel at 11:37 a.m. EDT, after matching Thursday's 2015 peak of $66.93 and jumping 21 percent in April.

  • NEW YORK, May 1- The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the U.S. economy may be stabilizing after a recent soft patch. "I don't think these numbers change the narrative for the dollar and we expect the dollar to trade in a range pretty soon," said John Doyle,...

  • CONCORD, N.H.— The U.S. Fish and Wildlife Service is looking for a little harmony over rules used to enforce a ban on ivory that ended up snagging a pair of teenage bagpipers at the Canadian border. In August, Campbell Webster and Eryk Bean of New Hampshire were returning from a competition in Canada when their pipes were taken. The teenagers contacted New...

  • *Shell, Total restructure to combat falling oil prices. LONDON, May 1- Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory. Snapping at their heels are energy brokerages Vitol and...

  • LONDON, May 1- Investors are unlikely to take big bets on Britain's government bond market ahead of next Thursday's closely fought national election, with opinion polls offering little clarity about the next government. Prime Minister David Cameron's Conservative Party remains deadlocked with the opposition Labour party in opinion polls, and strategists...