Financial News from Reuters - UK Focus

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  • * Energy minister says South Stream gas project is under way * Says international oil and gas majors stick to business in Russia (Releads, adds detail, quotes) MOSCOW, April 18 (Reuters) - Russian and international oil and gas majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream …

  • Britain's Labour Party hires Obama strategist for 2015 poll Reuters - UK Focus - 1 hour 7 minutes ago

    * David Axelrod to work for Labour in run up to 2015 vote * Labour ahead in polls, but voters' doubts remain * Axelrod aims to replicate successful Obama tactics * U.S. strategist focusing on wealth gap

  • * Implats, Amplats offer annual rises of 7.5-10 pct JOHANNESBURG, April 17 (Reuters) - South African platinum producers made a new wage offer on Thursday in a bid to end a three-month strike at their mines that has hit 40 percent of global output of the industrial metal. Anglo American Platinum (Amplats), the world's …

  • * U.N. body expects mining code in 2-3 years NEWCASTLE, England/LONDON, April 18 (Reuters) - The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international …

  • * Safe-haven bids on yen unwound on hopes for Ukraine initiative * Euro capped as ECB officials warn against its strength TOKYO, April 18 (Reuters) - The yen slipped to a 10-day low against the dollar on Friday after speculators unwound some safe-haven trades following encouraging U.S. economic data and on hopes for a …

  • * Safe-haven bids on yen unwound on hopes for Ukraine initiative * Euro capped as ECB officials warn against its strength TOKYO, April 18 (Reuters) - The yen slipped to 10-day lows against the dollar on Friday after speculators unwound some safe-haven trades following upbeat U.S. economic data and on hopes for a diplomatic …

  • The Pentagon on Thursday forecast the cost of developing and buying Lockheed Martin (Dusseldorf: LOM.DU - news) Corp's F-35 fighter jet at $398.6 billion, up 2 percent from last year, but said the projected cost to operate and maintain the jets was down about 9 percent. The total cost of the F-35 Joint Strike Fighter, …

  • Motiva Enterprises LLC plans to overhaul a crude distillation unit and only gasoline-producing fluidic catalytic cracking unit at its Port Arthur, Texas refinery, the nation's largest, in February 2015, according to sources familiar with the company's plans. The overhaul of the 200,000 barrel per day (bpd) CDU, called …

  • Lululemon CEO looks beyond yoga wear for growth Reuters - UK Focus - 12 hours ago

    * Men's line could become billion-dollar business (Adds details on U.S. store growth, international market, competition) TORONTO, April 17 (Reuters) - Lululemon Athletica Inc (NasdaqGS: LULU - news) , best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related …

  • Motiva Enterprises LLC plans to overhaul a crude distillation unit and only gasoline-producing fluidic catalytic cracking unit at the nation's largest refinery in February 2015, according to sources familiar ...

  • NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - Ford Motor Co (NYSE: F - news) and IBM (TLO: IBM-U.TI - news) Corp will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the right to pursue …

  • NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - A detailed new case study scrutinizing the risk-management practices of Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just as big merchants seek to fill a void being left by Wall Street banks. The study, …

  • U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong ...

  • The Pentagon on Thursday forecast the cost of developing and buying Lockheed Martin (Dusseldorf: LOM.DU - news) Corp's F-35 fighter jet at $398.6 billion, up 2 percent from last year, but said the projected cost to operate and maintain the jets was down about 9 percent. The total cost of the F-35 Joint Strike Fighter, …

  • NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - A prominent hotel executive in New York pleaded guilty on Thursday to conspiring to make $188,000 of illegal campaign contributions to three U.S. candidates via straw donors. Sant Singh Chatwal, chairman of Hampshire Hotels Management, pleaded guilty in federal …

  • The following financial services industry appointment was announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. BARING ASSET MANAGEMENT The asset manager appointed ...

  • Global equity markets rose on Thursday, boosted by solid U.S. economic data and upbeat results from some U.S. companies, including General Electric, while the dollar rose after a joint call by major powers ...

  • The major U.S. stock indexes ended a holiday-shortened week with mostly gains on Thursday, giving the S&P 500 its biggest weekly advance since July as Morgan Stanley and General Electric rallied after ...

  • * Both upbeat on Gulf of Mexico deepwater drilling (Recasts to adds details on outlook risks, new share prices) April 17 (Reuters) - Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, …

  • * Signs of diplomacy seen to ending violence in Ukraine * Yellen stresses need for interest rates to stay low NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - The yen fell on Thursday as efforts toward finding a diplomatic solution to ending violence in eastern Ukraine prompted traders to trim safe-haven yen …

  • * Treasury to sell $96 bln new supply next week * Treasury sells $18 bln, 5-year TIPS NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - U.S. Treasuries prices fell The Philadelphia Federal Reserve Bank also said factory

  • * Treasury to sell $96 bln new supply next week * Treasury sells $18 bln, 5-year TIPS NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - U.S. Treasuries prices fell The Philadelphia Federal Reserve Bank also said factory

  • U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those ...

  • * Weekly jobless claims up, but remain near pre-recession levels Coming on the heels of fairly bullish data on retail sales and industrial production, Thursday's reports also hinted job growth may be picking up slightly. "The data add further evidence to the notion that the economy has exerted positive momentum at the …

  • * Implats, Amplats offer annual rises of 7.5-10 pct * Talks involved company, union bosses and minister (Adds Implats, Amplats new wage offer) JOHANNESBURG, April 17 (Reuters) - South African platinum producers made a new wage offer on Thursday in a bid to end a three-month strike at their mines that has hit 40 percent …

  • The Canadian government will take several more weeks to evaluate its options for the much-delayed replacement of the country's CF-18 fighter jets, Public Works Minister Diane Finley said on Thursday. The decision boils down to whether to proceed with a single-source contract to Lockheed Martin Corp for 65 F-35 stealth …

  • A former 20-year veteran of BP plc (LSE: BP.L - news) who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday. The Securities …

  • NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - The U.S. dollar index moved into positive territory midday Thursday, erasing its earlier dip, as traders tiptoed back into buying dollars after the United States, Russia, Ukraine and the European Union issued a joint statement calling for the end of violence in eastern …

  • European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving ...

  • * Report says BSGR obtained mining rights through corruption * Recommends BSGR and Vale be stripped of concessions * Cancellation due to be announced on Thursday (Releads with plans to announce cancellation, adds company comments, details) CONAKRY, April 17 (Reuters) - Guinea will announce the cancellation on Thursday …

  • * Treasury to sell $96 bln new supply next week * Treasury sells $18 bln, 5-year TIPS to strong indirect NEW YORK (Frankfurt: HX6.F - news) , April 17 (Reuters) - U.S. Treasuries prices fell The Philadelphia Federal Reserve Bank also said factory

  • Sterling index settles near highest since 2008 Reuters - UK Focus - 18 hours ago

    Sterling failed to push higher after rising to its strongest since late 2008 against a basket of currencies on Thursday, finishing around 0.1 percent higher on a day thinned out by the long Easter weekend. The return of real wage growth and another sharp fall in unemployment, reported on Wednesday, have done much to ease …

  • Global equity markets rose slightly on Thursday, boosted by data indicating strength in the U.S. economy and by upbeat results from some major U.S. companies, while the dollar trended lower following dovish ...

  • EU mergers and takeovers (April 17) Reuters - UK Focus - 18 hours ago

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS None EXTENSIONS AND OTHER CHANGES None FIRST-STAGE ...

  • U.S. stocks were little changed in choppy trading on Thursday following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers including those ...

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