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Business - Crude oil slips as Saudi, Venezuela meeting yields little

By Ahmad Ghaddar LONDON (Reuters) - Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices. Saudi Arabia`s oil minister Ali al-Naimi discussed cooperation between members of the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, but there was no sign any agreement had been reached to hold an early meeting of suppliers.

Monday, February 08, 2016  10:29


World - Ayre warns Liverpool fans over walkout plan

Liverpool chief executive Ian Ayre has warned Reds fans to `be careful what they wish for` after a supporters group called for an Anfield walkout in protest at rising ticket prices. Supporters` groups are planning to make their unprecedented protest in the 77th minute of Saturday`s Premier League match against Sunderland after Liverpool this week announced a new pricing structure for the 2016-17 season, which will see the most expensive match day ticket in the redeveloped Main Stand rise from £59 ($86, 76 euros) to £77. The new pricing structure will also see the cost of the most expensive season ticket price rise to £1,029, with the lowest costing £685.

Friday, February 05, 2016  17:38


World - TV cash scramble pushes Premier League spending past £1bn

Fear of missing out on the English Premier League`s huge television money bonanza in 2016 has propelled transfer spending beyond £1 billion ($1.43 billion, 1.3 billion euros) for the first time. England`s 20 elite clubs have collectively spent more than £1 billion on new players in the season`s two transfer windows, financial consultants Deloitte revealed before the mid-season transfer deadline fell on Monday. `We`ve seen Premier League clubs again use the January window to invest significantly in playing talent,` said Dan Jones from Deloitte`s Sports Business Group.

Monday, February 01, 2016  23:24


World - BG Group returns to profit before takeover by Shell

British energy group BG Group on Friday announced a return to net profit ahead of its takeover by Shell as exceptional 2014 losses were not repeated last year. The update comes as Royal Dutch Shell is very near to finalising a £47-billion ($68-billion, 62 billion-euros) takeover of its smaller British rival. BG Group net profit for 2015 came in at $2.33 billion, which compared with a loss after tax of $1.04 billion the previous year.

Friday, February 05, 2016  10:07


World - Bank of England cuts UK growth forecasts, holds rates

The Bank of England cut its economic growth forecasts on Thursday and left interest rates at a record-low, as policymakers fretted over slumping oil prices and the darkening global outlook. The BoE`s Monetary Policy Committee (MPC) held its key rate at 0.5 percent in a unanimous vote, where it has stood since March 2009 to stimulate commercial lending and foster economic growth. The MPC also maintained the amount of cash stimulus, or quantitative easing (QE), pumping around the British economy at £375 billion ($542 billion, 495 billion euros) after its latest two-day gathering.

Thursday, February 04, 2016  17:03


World - Britain pledges $1.74 bn in aid for Syria and neighbours

London (AFP) - The British government announced £1.2 billion (1.6 million euros, $1.74 billion) in aid for war-torn Syria and its neighbours on Thursday, ahead of a donors` conference in London.

Thursday, February 04, 2016  00:32


World - UK supermarket Sainsbury`s offers £1.3bn for Argos owner

British supermarket group Sainsbury`s has tabled an offer to buy Home Retail Group, owner of catalogue chain Argos, for £1.3 billion, it said Tuesday. The cash-and-stock takeover, worth the equivalent of $1.9 billion or 1.7 billion euros, was pitched at the equivalent 161.3 pence per HRG share. `The boards of Sainsbury`s and Home Retail Group announce that they have reached agreement on the key financial terms of a possible offer for Home Retail Group by Sainsbury`s,` read a joint statement.

Tuesday, February 02, 2016  10:27


Asia-Pacific - No End to Scrutiny Over Millions Sent to Malaysian Leader`s Accounts

The halt of an official investigation has not quieted questions over how hundreds of millions of dollars ended up in the accounts of Prime Minister Najib Razak.

Friday, February 05, 2016  16:46


World - Khamenei`s top aide says Tehran, Moscow ink $40 billion in projects: agencies

Iran and Russia have initialed contracts worth around $40 billion, including for power-engineering and railway projects, Russian news agencies quoted Ali Akbar Velayati, top adviser to Iran`s Supreme Leader Ayatollah Ali Khamenei, as saying on Thursday. Velayati, who is wrapping up a visit to Moscow, said he had discussed some of the projects with Russian President Vladimir Putin.

Thursday, February 04, 2016  14:03


World - FIFA candidates Prince Ali, Infantino claim votes in Africa

GENEVA (AP) Two soccer federations have defied the Confederation of African Football`s leadership to endorse FIFA presidential candidates on Saturday.

Saturday, February 06, 2016  18:59

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