Financial News from Reuters - UK Focus

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  • The U.S. dollar index hit a two-month high and U.S. bond prices fell on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months. Although they briefly trimmed gains on Yellen's remarks, U.S. stocks ended higher and the S&P 500 capped off its strongest …

  • Speculators turned bullish on the U.S. dollar for the first time in six weeks, with net longs on the currency notching their largest level since late March. More upbeat U.S. economic data as well as suggestions ...

  • US STOCKS-Wall St puts finishing touch on best week since March Reuters - UK Focus - 1 hour 46 minutes ago

    Yellen's is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July. On the Nasdaq, 1,905 issues rose and 896 fell.

  • US STOCKS SNAPSHOT-Wall St rises, caps best week since March Reuters - UK Focus - 2 hours 6 minutes ago

    Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months." ...

  • Speculators turned bullish on the U.S. dollar for the first time in six weeks, with net longs on the currency notching their largest level since late March. Several Federal Reserve officials, in recent ...

  • Minh Quang Pham, 33, was sentenced by U.S. District Judge Alison Nathan in Manhattan (Hamburg: 32U.HM - news) after pleading guilty in January to charges he provided material support to al Qaeda in the Arabian Peninsula (Tel Aviv: PEN.TA - news) .

  • Yellen says Fed rate hike likely appropriate in coming months Reuters - UK Focus - 2 hours 20 minutes ago

    The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S (Other OTC: UBGXF - news) . "It (Other OTC: ITGL - news) 's appropriate ... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably …

  • Oil slips for 2nd day as $50 level sparks new output fears Reuters - UK Focus - 2 hours 48 minutes ago

    Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel. The dollar spiked after Federal Reserve Chair Janet Yellen said a U.S. rate hike was probably appropriate in coming …

  • Yellen's is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July. While higher interest rates choke liquidity in stock markets, many investors see a potential …

  • The economy grew at a rate of 1.4 percent in the fourth quarter. When measured from the income side, the economy grew at a 2.2 percent rate after expanding at a 1.9 percent pace in the fourth quarter. Economists said strong income growth, together with signs the economy was picking up steam in the second quarter, could …

  • The U.S. dollar added to gains while U.S. Treasury yields hit session highs on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months. U.S. stocks pared their advance.

  • The U.S. dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. In remarks in Boston, Yellen said a rate increase in the coming months "would be appropriate," if the economy and labor market continue to improve. "She (Munich: …

  • U.S. Treasury yields rose to session highs on Friday after Federal Reserve Chair Janet Yellen said it probably would be appropriate to raise interest rates in coming months if the U.S. economy improves ...

  • The U.S. Federal Reserve should raise interest rates "in the coming months" if economic growth picks up as expected and jobs continue to be generated, Fed Chair Janet Yellen said on Friday. "The ...

  • * An offer on Forties was higher on Friday than was seen available earlier in the week, supported by lower supply from competing light, sweet West African grades due to a series of outages in Nigeria. ...

  • European shares were steady on Friday, propped up by the Swiss stock market and pharmaceuticals companies after drugmaker Roche climbed on positive results for one of its products. The pan-European STOXX ...

  • Britain's FTSE 100 ended slightly firmer on Friday, led higher by Royal Mail, with the blue-chip index posting its biggest weekly gain for six weeks. The benchmark index finished up 0.1 percent at 6,270.79 ...

  • "We risk being in a post-antibiotic world," said Thomas Frieden, director of the U.S. Centers for Disease Control and Prevention, referring to the urinary tract infection of a 49-year-old Pennsylvania woman who had not travelled within the prior five months. The infection was reported Thursday in a study appearing in Antimicrobial …

  • Activist hedge fund TCI backs plans for a merger of Deutsche Boerse (LSE: 0H3T.L - news) and the London Stock Exchange, fund founder Chris Hohn told German magazine Der Spiegel, 11 years after winning a high-profile campaign to prevent a deal. "We support it," Hohn was quoted as saying in Der Spiegel on Friday, adding …

  • Former funds trade body head joins UK regulator Reuters - UK Focus - 6 hours ago

    Daniel Godfrey, who suddenly quit as the head of Britain's main funds industry trade body, has joined the Financial Conduct Authority as an adviser, the watchdog said on Friday. Godfrey has been hired ...

  • Barclays Africa Group is expanding its insurance business through acquisitions to support growth, its deputy chief executive said on Friday. David Hodnett said the bank was scouting for an insurance business to buy in Ghana, having bought First Assurance in Kenya in a transaction completed in November. "There are a lot …

  • Both sides in campaigning for Britain's European Union referendum should call an "amnesty" after making a string of misleading and bogus claims, a group of lawmakers said on Friday. Parliament's Treasury Committee also said the balance of evidence from its hearings on Britain's EU membership showed there would probably …

  • Russia's Pik Group said on Friday its board recommended to pay no dividends for 2015.

  • The world's first life-saving gene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe on Friday, in a step forward for the pioneering technology ...

  • The U.S. dollar and world stock indexes edged higher on Friday ahead of a speech by Federal Reserve Chair Janet Yellen that could provide new signals on the timing of a U.S. interest rate hike. Crude oil ...

  • The main exchange for trading in UK government bond futures said on Friday it will not open early on the morning after Britain's vote on European Union membership. Gilt futures will trade as normal on Friday June 24 between 0800 and 1800 London time, a spokeswoman for ICE Futures Europe said in an emailed statement. Results …

  • Volkswagen shares are near their 2016 high and valuations have rebounded after last year's emissions scandal but experience of previous corporate crises suggests a full recovery will take time. "It (Other OTC: ITGL - news) will take years to recover, in terms of the stock price, sorting out all the fines, and the rep …

  • Action to lift barriers on cross-border sales of investment funds in the European Union should focus on tackling the extra fees and marketing rules that national regulators impose, the European Commission says in a document seen by Reuters. The EU is creating a "capital markets union" to channel more money from savings …

  • There were no new Brexit polls or major UK economic releases on Friday and UK markets will be closed on Monday for a public holiday. Despite the growing conviction in financial markets that Brexit will be avoided at the June 23 vote, traders are taking no chances and are hedging their bets via options. "This week showed …

  • European refiners outside France and oil traders are gearing up to cash in on the unexpected demand for diesel created by French strikes that have blocked oil terminals and shut down refineries. France is gobbling up diesel and other fuels from private and strategic stocks as four of Total (LSE: 524773.L - news) 's five …

  • FOREX -Dollar gains before Yellen speech Reuters - UK Focus - 8 hours ago

    The dollar index rose on Friday, on track for its strongest monthly performance since last November, before U.S (Other OTC: UBGXF - news) . Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months. Investors are focused on Yellen's speech for any new signals that …

  • Thai PTT looks to buy domestic oil and gas assets Reuters - UK Focus - 8 hours ago

    Thailand's largest energy firm PTT Pcl will look at buying domestic assets put up for sale by major oil and gas firms hit by declines in global commodity prices, Chief Executive Officer Tevin Vongvanich ...

  • The U.S. bond market's gauges on investors' inflation expectations held to their earlier decline on Friday as the government's modest upgrade of its first-quarter U.S. growth reading did not alter the ...

  • The rate highlights that of every 100 earnings per share (EPS) forward revisions by analysts in the past 30 days, nearly 57 of estimates were revised up, while the rest were lowered. This comes even as prices of metals such as copper and aluminium have remained under pressure mainly due to subdued demand from China, the …

  • Longer-dated U.S. Treasury prices briefly pared losses after the government's second estimate on U.S. economic growth for the first quarter was higher than it initially reported but fell slightly below ...

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