Financial News from Reuters - UK Focus

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  • Japanese Finance Minister Taro Aso on Thursday fired a verbal warning shot against the yen's slide, saying that the decline in recent days had been "rough" and he would monitor foreign exchange markets carefully. The dollar climbed to a 12-1/2-year high against the yen earlier on Thursday as investors bet that U.S. interest …

  • Vodafone investors open to Liberty deal Reuters - UK Focus - 21 minutes ago

    Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global (NasdaqGS: LBTYA - news) , as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. Shares (Berlin: DI6.BE - news) in the world's second largest mobile operator hit a 14-year …

  • Vodafone Group PLC said on Thursday it sold its stake in Indian telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million. The stake represents about a 4.2 percent ...

  • The dollar fell to U.S. session lows versus the yen on Thursday after Japanese Finance Minister Taro Aso said the yen's recent drop had been "rough," igniting expectations the Bank of Japan may intervene to stem further decline in the currency. In early afternoon trading, the dollar was up 0.07 percent at 123.760 yen after …

  • U.S. stocks dipped in early afternoon trading, a day after the Nasdaq closed at a record high and amid concerns about a Greek default, a tumble in Chinese shares and an unexpected rise in weekly U.S. jobless claims. Caterpillar (NYSE: CAT - news) fell 2.2 percent to $85.95 and was the biggest drag on the Dow.

  • FIFA 16, the latest instalment of the world's most popular football video game, will feature women's teams for the first time, the company which makes the game announced on Thursday. Twelve international teams including England, Germany, Brazil and the United States will appear in the next FIFA game, to be released in …

  • Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs (NYSE: GS-PB - news) tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Hayes, who worked for Swiss-based bank UBS (NYSEArca: FBGX - …

  • UK's Osborne: "real willingness" in EU to negotiate on reforms Reuters - UK Focus - 1 hour 10 minutes ago

    British finance minister George Osborne said other European Union countries were willing to negotiate over Britain's push to reform the bloc before it holds a referendum on whether to stay in the EU. "Whatever public positions you hear people in Europe take, what I detect is a real willingness now to negotiate," Osborne …

  • German mobile bids clear lowest estimate in just two days Reuters - UK Focus - 1 hour 11 minutes ago

    Bids have reached 1.84 billion euros ($2.01 billion) in Germany's auction of radio frequencies for mobile phone network operators, clearing the most pessimistic estimate just two days into what will be weeks of bidding, data showed. Germany started the auction on Wednesday, setting a floor at 1.5 billion euros. After …

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  • Financial markets have yet to grasp the urgency of investing in measures to protect businesses and people from the worsening impacts of climate change, depriving those efforts of much-needed funds, climate finance experts said. Samy Ben-Jaafar, director of the private sector facility at the Green Climate Fund (GCF), a …

  • Economic growth halves hunger in Asia over 25 years - U.N. Reuters - UK Focus - 1 hour 41 minutes ago

    Economic growth helped the Asia-Pacific region to halve the proportion of those who have too little to eat to 12 percent of its population over the past 25 years, meeting one of the U.N. Millennium Development Goals, U.N. officials said on Thursday. The target, one of eight international development goals set by the United …

  • Elite group of British-born residents enjoy 'non-dom' tax haven Reuters - UK Focus - 1 hour 42 minutes ago

    At least 800 British-born United (Shenzhen: 000925.SZ - news) Kingdom residents enjoy "non-domiciled" status, a tax break intended for temporary residents, according to data released in response to a Freedom of Information Act request by Reuters. The British tax authority, Her Majesty's Revenue and Customs (HMRC), said …

  • Irish parliament approves sale of Aer Lingus stake to IAG Reuters - UK Focus - 1 hour 43 minutes ago

    Ireland (Other OTC: IRLD - news) 's parliament approved the sale of its 25 percent stake in Aer Lingus (Other OTC: AELGF - news) to IAG on Thursday, clearing a hurdle for the takeover of the airline and limiting political damage for the government. Ryanair said it would consider the bid once it had received the formal …

  • Iconic motorbike maker Enfield eyes new markets to rev up growth Reuters - UK Focus - 1 hour 46 minutes ago

    Iconic motorbike maker Royal Enfield, owned by India's Eicher Motors (BSE: EICHERMOT.BO - news) , is planning to push into Latin America and Southeast Asian markets to boost profits, CEO Siddhartha Lal told Reuters on Thursday.

  • European shares dip as Athens angst fails to abate Reuters - UK Focus - 1 hour 47 minutes ago

    European shares retreated on Thursday, as lingering uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level ...

  • India's Sahara denies it is bidding for Grosvenor House Reuters - UK Focus - 1 hour 59 minutes ago

    Troubled Indian conglomerate Sahara, the founder of which has been held in a jail for more than a year, has dismissed media reports saying it is participating in an auction of the Grosvenor House hotel in London as "incorrect and speculative". Sahara bought the Grosvenor in 2010 but the hotel was placed in administration …

  • GLOBAL MARKETS-Stocks fall on Greek concern, yen falls further Reuters - UK Focus - 2 hours 10 minutes ago

    The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep ...

  • U.S. housing data, sturdy jobs market buoy growth outlook Reuters - UK Focus - 2 hours 15 minutes ago

    Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy. While other data on Thursday showed an unexpected increase in new applications for unemployment benefits, filings remained at levels consistent …

  • Britain's FTSE outperforms despite growth, trade worries Reuters - UK Focus - 2 hours 20 minutes ago

    Britain's top share index outperformed pan-European equities on Thursday despite disappointment over first-quarter UK growth data, thanks to some positive trading updates and an improving corporate earnings ...

  • Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros ($3.4 billion) Odey European Inc fund in April, a letter to investors seen by Reuters showed.

  • US STOCKS-Wall St lower as Greece, China weighs Reuters - UK Focus - 2 hours 30 minutes ago

    U.S. stocks were lower in late morning trading, a day after the Nasdaq closed at a record high and amid concerns about a Greek default, a tumble in Chinese shares and an unexpected rise in weekly jobless claims. Broadcom fell 2.2 percent to $55.85.

  • Botswana's Okavango diamond sales fall 20 pct Reuters - UK Focus - 2 hours 36 minutes ago

    Botswana's Okavango Diamond Company sold 1.02 million carats worth $193 million in the five months to May, 20 percent less than the same year-ago period due to a weaker market and lower output, the firm ...

  • Soccer-Gill will resign from FIFA if Blatter stays Reuters - UK Focus - 2 hours 44 minutes ago

    Britain's FIFA vice-president David Gill will stand down in protest if Sepp Blatter is re-elected as president on Friday. The former Manchester United (NYSE: MANU - news) chief executive was only elected two months ago for a four-year term but he told reporters that the current scandal engulfing the world governing body …

  • Aviva Investors, the asset management arm of Aviva Plc, appointed James Tothill head of third-party sales. Tothill will be responsible for building and managing the company's relationships with third parties ...

  • FOREX-Dollar rises to 12-1/2-year peak vs yen Reuters - UK Focus - 2 hours 57 minutes ago

    The dollar climbed to a 12-1/2-year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. The latest data on U.S. jobless claims and pending home sales supported expectations the Federal Reserve is moving toward raising rates …

  • British government bond prices rose to their highest level in nearly three weeks on Thursday, boosted by lacklustre economic growth data that helped gilts outperform strongly compared with German debt. ...

  • Pink Floyd founding members Roger Waters and Nick Mason joked while unveiling a memorial plaque on Thursday that they were so bad at first that they wouldn't have passed an audition on a talent show. The pair, together with the late Richard Wright, formed the group while studying architecture at the former Regent Street …

  • Varo Energy, a joint venture between the world's top oil trader Vitol and private equity firm Carlyle Group, is expanding its reach in Europe through a merger with Dutch-based storage and trading company Argos, the companies said on Thursday. The deal will give Vitol, which will control a third of the new group, access …

  • U.S. long-dated Treasury yields edged higher on Thursday after traders took profit following a recent price rally, while data showing that U.S. weekly jobless claims unexpectedly rose drew some demand for short-dated notes. U.S. 30-year Treasury yields rose slightly to a session high of 2.9 percent after hitting a fresh …

  • "Like us, the Monetary Policy Committee expected to see the initial estimate of first-quarter growth to be revised up, but the weakness in net trade was a notable headwind," said Sam Hill, senior economist at RBC Capital.

  • Finance chiefs from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. A slowdown in China - which was not present at the talks in Dresden, Germany - is adding to the concern. Speaking before …

  • British rail workers will stage two national strikes next month, the RMT union said on Thursday, just a week after it suspended a stoppage that would have crippled large swathes of the network. The union said its members would now stage a 24-hour walkout from 1600 GMT on June 4, with a 48-hour stoppage starting on June …

  • European shares slipped on Thursday, as uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between ...

  • The dollar briefly added to earlier gains versus the euro and yen on Thursday as a stronger-than-expected 3.4 percent rise in domestic pending home sales in April supported the view of a spring revival ...

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