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Business - Citi says behaved appropriately in sterling `flash crash`

Citi said on Wednesday that its trading operations functioned appropriately in a thin and illiquid market during October`s `flash crash` in sterling, responding to a Financial Times report saying a trader at the U.S. bank exacerbated the pound`s fall. `Sterling fell sharply following a news event just after midnight UK time, when the GBP spot foreign exchange market was extremely illiquid,` Citi said.

Wednesday, December 07, 2016  09:54


World - Cattle shortage leaves Zimbabwe`s fields unploughed as rains fall

By Andrew Mambondiyani MPUDZI, Zimbabwe (Thomson Reuters Foundation) - After a year of paralyzing El Nino-induced drought, Zimbabwe`s farmers have been relieved to receive substantial rain in recent weeks, with normal to above-normal rainfall predicted for the new growing season. My cattle survived the drought but they do not have the strength to pull a plough. In this part of Zimbabwe farmers have five-hectare (12-acre) plots, but without animals to draw the ploughs, many have reduced the area under crops this season.

Wednesday, December 07, 2016  09:22


Europe - Arsenal finish top of Champions League group

Arsenal finish top of Champions League Group A thanks to a Lucas Perez hat-trick in Basel and Paris St-Germain`s draw with Ludogorets Razgrad.

Tuesday, December 06, 2016  23:25


World - Britain`s Hammond to strengthen non-EU ties

British finance minister Philip Hammond on Wednesday flies to South Africa, followed by trips next week to Japan and South Korea, as Britain seeks `stronger global ties` before Brexit. `As we leave the EU, Britain`s future prosperity depends on maintaining the strongest possible economic links with our European neighbours, while building on the already strong economic partnerships we have with the world beyond Europe,` Chancellor of the Exchequer Hammond said in a Treasury statement. The Treasury added that Hammond, who on Tuesday was in Brussels to discuss Britain`s impending departure from the European Union, `will embark on a series of international trips to showcase the UK`s commitment to forming even stronger global ties`.

Wednesday, December 07, 2016  00:20


Business - Exclusive: UK`s lower house would back triggering EU divorce talks - Reuters research

By Kylie MacLellan LONDON (Reuters) - While the British government tries to prevent parliament voting on its plan to trigger the country`s exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers` recent statements. Prime Minister Theresa May has said she aims to launch the two-year negotiating period for the country`s departure from the 28-nation bloc by the end of March and that the referendum vote in June to leave the EU provides sufficient instruction. The High Court has said parliamentary approval is required to invoke Article 50 of the EU`s Lisbon treaty, governing the EU exit process.

Wednesday, December 07, 2016  09:17


Top Stories - Chinese company buys former UK PM`s local pub

Wednesday, December 07, 2016  02:51


Top Stories - Chinese company buys UK PM`s local pub

Wednesday, December 07, 2016  02:25


Personel Finance - U.K. could force companies to reveal worker-CEO pay gap

The U.K. government has outlined plans to crack down on mega CEO salaries by giving shareholders and workers more control over compensation paid to top executives.

Wednesday, December 07, 2016  05:54


Personel Finance - The U.K.`s new plastic money has a surprise ingredient: Animal fat

There`s a special ingredient in the new plastic cash being distributed across the U.K.: Animal fat.

Wednesday, December 07, 2016  05:54


Personel Finance - Brexit slashes U.K. household wealth by $1.5 trillion

U.K. household wealth has plummeted by $1.5 trillion as a `direct result` of the vote to leave the EU.

Wednesday, December 07, 2016  05:54

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