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Moving abroad from its current headquarters in London's Canary Wharf could see the European Medicines Agency losing up to 94% of its staff, the agency has warned
An exotic island paradise in French Polynesia bought by Marlon Brando in the sixties is using its Hollywood image to tackle environmental issues -- with a little help from its jet-set visitors
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying that Maria had strengthened into a hurricane on Sunday and would intensify before hitting the Leeward Islands on Monday night. Maria continued to strengthen as it approached the Lesser Antilles, the U.S. National Hurricane Center said, estimating its winds at 80 miles per hour (130 kph). "Additional strengthening is forecast during the next 48 hours, and Maria could be near major hurricane intensity when it moves across the Leeward Islands Monday night," the forecaster said.
LONDON, Sept 8 (Reuters) - "The core mission of the London Metal Exchange (LME) is to provide pricing, risk management and terminal market services to the global physical metals industry". Chamberlain was speaking on Thursday as he presented the results of a market-wide discussion on what the exchange needs to do to arrest falling volumes.
The Equifax data breach is not the largest on record but could be the most damaging because of the sensitive nature of the information held by the credit reporting agency
Copper hit a three-year high of $6,970 per tonne on the London Metal Exchange (LME) on Tuesday morning. The whole base metals complex seems to be on an upwards charge. The LME index of metals has jumped by 20 percent over the last three months.
Emerging equities rose on Monday but currencies such as the rand and rouble struggled in the face of a stronger dollar as investors awaited the U.S. Federal Reserve's annual central banking symposium in ...
Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner. Apart from the risk of a stock market correction, there is no evidence of disinflationary threats like those that emanated from the financial crisis that started to smoulder a decade ago. The latest Reuters Polls of more than 500 economists covering more than 45 economies around the world showed almost no move in inflation expectations since the start of the year.
For 70 years, Tim Chambers' family has harvested fruit in south-east England, but after Britain's vote last year to leave the European Union he expanded into Poland and is ready to sell some of his land if a shortage of migrant workers worsens.
The great tin wall of China is about to come crashing down. Before that tax came into effect at the start of 2008, China had been a net exporter of refined tin. Now (Frankfurt: 11N.F - news) they are starting to react, with Yunnan Tin (Shenzhen: 000960.SZ - news) , China's and the world's largest producer, gearing up to start overseas shipments.
The benchmark Nikkei 225 index fell 0.10 percent, or 20.64 points, to 19,959.26 in early trade while the Topix index of all first-section issues was down 0.16 percent, or 2.53 points, at 1,593.91.
Factoring in exports, now a regular feature of the country's trade picture, the slide in net metal imports was an even more dramatic 35 percent. Look no further to understand why copper's early-year bull run to over $6,200-per tonne, basis three-month metal on the London Metal Exchange, has stalled.
Just a day before, the IMF had announced the release of a $1 billion loan disbursal to Ukraine, which had been postponed following the trade blockade imposed by Kiev on Russia-backed separatist eastern ...
The price of iron ore traded on the Dalian Commodity Exchange (DCE) rose on Tuesday for the sixth consecutive day and is now at its highest level in three years. Iron ore for delivery to China's Qingdao port (HKSE: 6198-OL.HK - news) jumped 6.5 percent to $92.23 a tonne on Monday, the highest since August 2014, according to Metal Bulletin.
Premier Oil (LSE: PMO.L - news) expects to continue reaping benefits from weak sterling this year, it said on Thursday, as the depreciating currency has brought down the cost of investments in Britain at a time when low oil prices have squeezed profits. The oil company said 2016 operating costs were 11 percent below expectations, mainly thanks to the weaker currency, at $15.7 a barrel and it expected to maintain this level in 2017 as it has hedged foreign-exchange exposure for the next six months. Sterling has fallen to 30-year lows against the dollar since Britain's decision in June to leave the European Union, giving companies earning money in dollars but spending in pounds, such as Premier Oil, a windfall boost.
This time last year the base metals complex was all doom and gloom. The London Metal Exchange (LME) index of prices touched 2,049 in January 2016, its lowest reading since the dark days of January 2009, when the world seemed to be spiralling into full-blown depression. The LME index has since recovered to 2,768.
The top priority in Brexit negotiations for the 27 countries remaining in the European Union must be to hold the bloc together, even if this means they suffer one-off economic hits, Germany's Social Democrats (SPD) said in a policy paper. "Were we to allow a 'Europe à la Carte', this would lead to incalculable domino effects that would threaten the unity of the Union," the parliamentary party of the SPD, junior partner in Chancellor Angela Merkel's ruling coalition, said in the paper. It added that foreign investments in Britain could lose value or delivery chains be affected.
In the semi-annual Global Economic Prospects report, the World Bank lowered the estimate for global growth this year a tenth from the June forecast, to 2.7 percent
Enbridge Inc (Dusseldorf: EN3.DU - news) has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. Canada produces more heavy than light crude because of its vast oil sands projects in northern Alberta. Enbridge's plan to squeeze more heavy crude onto its pipelines by shipping the new grade is its latest attempt to resolve bottlenecks in the 2.85 million barrel per day (bpd) Mainline system, traders in Calgary said.
Workers at German steelmaker Thyssenkrupp (IOB: 0O1C.IL - news) will refuse to pick up the tab for concessions being offered to British unions by Tata Steel (BSE: TATASTEEL.BO - news) to further a merger, Thyssenkrupp's labour chief told Reuters on Monday. Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity, but negotiations have been complicated by Tata's huge pension deficit in the UK. The German company's labour chief Wilhelm Segerath said he sees no reason why Thyssenkrupp's plants should suffer because of job and investment guarantees offered to workers at Port Talbot, Britain's biggest steel plant, in return for pension cuts.
British PM Theresa May sets out in a speech today what she hopes will offer some respite from Brexit-dominated headlines with proposals on social reform, part of what she has termed her "shared society" agenda. Sceptics will scrutinise the plan for concrete details behind the slogan, a twist on her predecessor David Cameron's "big society" pitch that tanked. Meanwhile, financial markets are picking over her comments on Brexit yesterday, with sterling down around a cent on the dollar thus far.