Financial News from Reuters - UK Focus

Latest News

  • India issues fresh tax notice to Vodafone - report Reuters - UK Focus - 2 hours 35 minutes ago

    Indian tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, news channel ET Now reported on Saturday citing sources familiar ...

  • SYDNEY/LONDON, April 19 (Reuters) - Lloyd's of London has set its sights on Islamic insurance, known as takaful, to strengthen its push into emerging markets and is in talks with regulators to set up shop in Malaysia. The plans are part of the venerable London insurance market's strategy to expand in fast-growing regions …

  • British finance minister George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if his Conservative Party wins the May 7 election. Britain's government put more than 20 billion pounds ($30 billion) of public money into Lloyds at the height …

  • The following are highlights of the International Monetary Fund and World Bank meetings on Saturday (Shenzhen: 002291.SZ - news) in Washington, where finance ministers, central bankers and other top officials are gathering. So Europe is much stronger. Europe has sheltered itself from turbulence. "The fall in the value …

  • For highlights of remarks by finance ministers, central bankers and other top officials gathering in Washington on Saturday for the spring meetings of the International Monetary Fund and World Bank, see ...

  • British finance minister George Osborne plans to sell government shares in Lloyds Banking Group to small investors at a discount of at least 5 percent if his Conservative Party win the May 7 election, ...

  • Less than three weeks before Britain's May 7 election, Prime Minister David Cameron's Conservatives and the opposition Labour Party are level with 32 percent support, according to an ICM poll for The Sunday Telegraph newspaper. An early version of the newspaper's front page gave few details about the poll but said it showed …

  • Britain's opposition Labour Party extended its poll lead over Prime Minister David Cameron's Conservatives, a YouGov opinion poll for The Sunday Times showed, contrasting with a separate poll published ...

  • While economies in developed countries have strengthened, some emerging nations are being hit by weaker commodity prices and exports, the IMF's steering committee noted in a communique. With the United States poised to hike interest rates, the panel - speaking for the Fund's 188 member nations - said moves toward "policy …

  • The world has adjusted well to divergent growth and monetary policy expectations but the risk of a "sharp and disorderly reversal" in financial markets remains, Financial Stability Board Chairman Mark Carney said on Saturday (Shenzhen: 002291.SZ - news) . "The risk of a sharp and disorderly reversal remains, given compressed …

  • Britain's opposition Labour Party has slipped slightly further behind the ruling Conservatives ahead of next month's general election, according to an opinion poll to be published in Sunday's Observer ...

  • TEXT-Communique of IMF steering committee Reuters - UK Focus - 16 hours ago

    Following is the text of the communique of the International Monetary and Financial Committee, the steering committee of the International Monetary Fund, released on Saturday (Shenzhen: 002291.SZ - news) . The Committee expresses its deep appreciation to Deputy Prime Minister Tharman for his service and guidance as IMFC …

  • Formula One world champion Lewis Hamilton limbered up for qualifying with the fastest time in final Bahrain Grand Prix practice on Saturday (Shenzhen: 002291.SZ - news) . The Mercedes driver, championship leader and winner of two of this season's three races, lapped the Sakhir circuit on a gusty afternoon with a best …

  • British opposition leader Ed Miliband said on Saturday (Shenzhen: 002291.SZ - news) that he would set up a new government unit to prosecute employers who exploit migrant workers if his Labour Party wins power in the national election on May 7. In a major speech on immigration -- a widespread concern among Britons that …

  • Britain's financial regulator has harshly criticized Deutsche Bank (Xetra: 514000 - news) 's top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday (Shenzhen: 002291.SZ - news) . Britains Financial Conduct Authority (FCA) wrote …

  • Production normal at S.Africa's largest refinery after fire Reuters - UK Focus - Sat, Apr 18, 2015 09:13 BST

    Production at the 172,000 barrels per day Sapref refinery, South Africa's largest and co-owned by BP and Shell (LSE: RDSB.L - news) , is normal following a pipeline fire that was extinguished on Saturday (Shenzhen: 002291.SZ - news) morning, a spokeswoman said. "The refinery is still online and production has not been …

  • In Labour's Scottish bastion, nationalists prepare an upset Reuters - UK Focus - Sat, Apr 18, 2015 07:24 BST

    GLASGOW/LONDON April 17 (Reuters) - In Scotland's biggest city, nationalists have triggered a once-in-a-century shift in political loyalties that could dash Labour leader Ed Miliband's dreams of winning the May 7 election and thrust secessionist 'kingmakers' to the heart of British power. The shifting currents in Glasgow, …

  • -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • G20 discusses plans to sidestep U.S. on IMF reforms Reuters - UK Focus - Sat, Apr 18, 2015 01:00 BST

    The Group of 20 leading economies on Friday discussed ways to raise emerging countries' voting rights at the IMF as part of an effort to move past U.S. foot-dragging on reforms to the institution, but they failed to reach an agreement. The United States can block the IMF reforms because it holds a controlling share of …

  • UK's Cameron lines up pensions expert as minister Reuters - UK Focus - Sat, Apr 18, 2015 00:35 BST

    British Prime Minister David Cameron said on Saturday (Shenzhen: 002291.SZ - news) that he would appoint a well-known pensions expert, Ros Altmann, as a financial services minister if he returns to power after next month's election. Altmann, 59, frequently comments in British media on pensions and has worked as an advisor …

  • HIGHLIGHTS-IMF, World Bank 2015 spring meetings in Washington on Friday Reuters - UK Focus - Sat, Apr 18, 2015 00:09 BST

    The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering. Near-term prospects in advanced economies, notably the euro zone and Japan, have improved recently, while the U.S. and UK continue …

  • G20 more upbeat on growth, but officials fret over Greece Reuters - UK Focus - Fri, Apr 17, 2015 23:50 BST

    The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery. In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter …

  • MEDIA-UBS exiting U.S. automated options market-making business - WSJ Reuters - UK Focus - Fri, Apr 17, 2015 23:41 BST

    -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • Britain backs eventual yuan inclusion in IMF's SDR basket Reuters - UK Focus - Fri, Apr 17, 2015 23:35 BST

    Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system. French Finance Minister Michel Sapin, however, voiced disappointment with Britain's …

  • -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • Labour and Conservatives tied again ahead of UK election -YouGov poll Reuters - UK Focus - Fri, Apr 17, 2015 22:59 BST

    With less than a month left to Britain's May 7 election, Prime Minister David Cameron's Conservatives and opposition Labour party are tied at 34 percent, according to a YouGov (LSE: YOU.L - news) poll for The Sun newspaper published on Friday. Labour and Conservatives remain unchanged at 34 percent from a day earlier, …

  • Russia's Siluanov on G20 and IMF reforms Reuters - UK Focus - Fri, Apr 17, 2015 22:44 BST

    For highlights of remarks by finance ministers, central bankers and other top officials gathering in Washington on Friday for the spring meetings of the International Monetary Fund and World Bank, see....

  • Explosion near S.Africa refinery injures three -source Reuters - UK Focus - Fri, Apr 17, 2015 22:18 BST

    An explosion near South Africa's SAPREF oil refinery in Durban injured three people on Friday evening, but has been brought under control, according to an official at the plant. The official said the explosion ...

  • Peru's state-run oil company, Petroperu, will accept bids until April 21 to buy 380,000 barrels of Latin American or West African crude. For spot crude tender news stories please click.... CRU-O/TEND-O ...

  • US STOCKS-Wall St falls steeply with China, Greece fears paramount Reuters - UK Focus - Fri, Apr 17, 2015 21:50 BST

    The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings. Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors …

  • GLOBAL MARKETS-Shares slide on China margin crackdown, dollar falls Reuters - UK Focus - Fri, Apr 17, 2015 21:39 BST

    Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated on views that stronger U.S. consumer prices were not enough to offset recent weak data that could slow a Federal Reserve interest rate hike. China's securities regulator warned investors to be cautious …

  • MEDIA-HSBC to discontinue retail banking in Brazil and Turkey - FT Reuters - UK Focus - Fri, Apr 17, 2015 21:36 BST

    -- Source link: -- Note: Reuters has not verified this story and does not vouch for its accuracy

  • MOVES-Senior software banker leaves Barclays -sources Reuters - UK Focus - Fri, Apr 17, 2015 21:28 BST

    George Patterson, a managing director at Barclays Plc who was co-head of software, has left the bank, sources familiar with the matter said on Friday. Patterson joined the bank when Lehman Brothers was ...

  • FOREX-Dollar posts worst week in four as traders mull soft U.S. data Reuters - UK Focus - Fri, Apr 17, 2015 21:09 BST

    The U.S. dollar posted its worst week in four against a currency basket on Friday after data showing a rise in consumer prices failed to alleviate concerns that recent soft U.S. economic data could delay the Federal Reserve's first rate hike.

  • US STOCKS SNAPSHOT-Wall St falls on China, Greece and earnings worries Reuters - UK Focus - Fri, Apr 17, 2015 21:08 BST

    U.S. stocks fell on Friday, giving the S&P 500 its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece's debt negotiations and disappointing earnings weighed on ...

Next >>