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Middle East - World Briefing: Senate Will Postpone Debate on Iran

Senator Mitch McConnell, Republican of Kentucky and the majority leader, will postpone consideration of a bill giving Congress the authority to review any deal President Obama reaches with Iran on its nuclear program.

Friday, March 06, 2015  03:49


Africa - Last Known Ebola Patient in Liberia Is Discharged

Beatrice Yardolo lost two sons and a daughter to the disease, but she gave thanks to God as she returned home to the rest of her family.

Friday, March 06, 2015  02:34


Sports - Holmes ties PGA WGC-Cadillac Championship record with 10-under 62

American JB Holmes tied the tournament record with a sizzling 10-under 62 to surge into a four-shot lead over a world-class field in the opening round of the WGC-Cadillac Championship on Thursday. The 32-year-old from Kentucky tamed Doral`s Blue Monster course by hitting 15 of 18 greens as he goes for his first title of the season.

Friday, March 06, 2015  03:30


World - Government seeking quick sale of RBS bank

The government is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne told the Financial Times. RBS is about 80 percent owned by the British government after it stepped in to bail out the bank with £45.5 billion of public money in 2008 at the height of the financial crisis, the world`s biggest bank bailout.

Friday, March 06, 2015  02:53


World - Government sells stake in Eurostar

The government has reached an agreement to sell its entire stake in the Eurostar train service between London, Brussels and Paris, the treasury said in a statement on Wednesday. The stake is to be sold for a total of £757.1 million, part of a push to raise £20 billion in privatisation sales to reduce Britain`s debt. Canadian institutional fund manager Caisse de depot et placement du Quebec (CDPQ) and Britain-based fund Hermes Infrastructure have agreed to purchase the government`s 40 percent stake for £585.1 million. `It`s great that we have reached an agreement to sell the UK`s shareholding in Eurostar that delivers a fantastic deal for UK taxpayers that exceeds expectations,` Chancellor George Osborne said in a statement.

Wednesday, March 04, 2015  09:16


World - Barclays bank ramps up foreign exchange rigging costs

Barclays on Tuesday ramped up the size of costs it expects to face over its alleged role in the rigging of foreign exchange markets, tipping the troubled lender into a loss last year. It has set aside £1.25 billion ($1.92 billion, 1.72 billion euros) `for ongoing investigations and litigation relating to foreign exchange`, including £750 million for the final quarter of 2014, the bank said in an earnings statement. Barclays had announced in October a provision of £500 million for any eventual costs and fines linked to the probes. The latest announcement from Barclays -- which was at the heart also of the 2012 Libor interbank interest-rate rigging scandal -- comes as global regulators investigate the alleged rigging of foreign exchange (forex) markets around the world.

Tuesday, March 03, 2015  16:09


World - Barclays bank slides into annual net loss

Barclays fell into a net loss last year, the British bank said Tuesday, hit by huge costs linked to its alleged role in the rigging of foreign exchange markets. Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year. It has set aside £1.25 billion `for ongoing investigations and litigation relating to Foreign Exchange`, including £750 million for the final quarter of 2014, the bank said in an earnings statement. Barclays had announced in October a provision of £500 million for any eventual costs and fines linked to the probes.

Tuesday, March 03, 2015  08:05


World - QPR announce reduction in losses

English Premier League strugglers Queens Park Rangers on Monday announced a loss of £9.8 million ($15m, 13.4m euros) for the year ending May 2014, when they won promotion back to the top flight. In addition, QPR said £60 million in loans from shareholders had been written off, and the new figures come as something of a boost with the club under threat of a significant fine from the Football League for breaching their Financial Fair Play regulations. `In addition, the club`s shareholders reiterated their long-term support for the club by strengthening the club`s balance sheet by writing off £60 million of shareholder loans. `The club`s shareholders and directors are of the opinion that the club is moving in the right direction and on track with its mid-term and long-term business plans.

Monday, March 02, 2015  14:23


World - UK government sells 1% stake in Lloyds bank for £500 mn

The British government has sold a 1.0-percent stake in state-rescued Lloyds Banking Group for £500 million ($769 million, 677 million euros) under plans to return it to private ownership, the Treasury said on Monday. The sale has trimmed the government`s stake from 24.9 percent to just under 24 percent, the ministry said in a statement. Britain still owns a large chunk of Lloyds after bailing it out with £20 billion of taxpayers` cash at the height of the 2008 global financial crisis. The government initially took a 39-percent share of Lloyds and has so far raised almost £8.0 billion selling bits of its holding.

Monday, February 23, 2015  09:03


World - Telecoms group BT raises £1.0bn to help buy EE

British telecoms and TV firm BT has raised about £1.0 billion via a shares sale to help fund its takeover of mobile operator EE, it said Thursday. The company had agreed one week ago to purchase EE for £12.5 billion in a cash-and-shares deal partly funded by a £1.0-billion rights issue.

Thursday, February 12, 2015  18:28

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