By Katanga Johnson WASHINGTON (Reuters) -Global equity markets eked out gains on Friday at the end of a tumultuous week dominated by concerns over the Federal Reserve’s monetary policy and geopolitical tensions between Russia and the West. Strong earni…
UK company liquidations surge to record high in late 2021
By David Milliken LONDON (Reuters) – A record number of companies in England and Wales agreed with their creditors to cease trading during the final quarter of 2021, after COVID support for businesses and protection against court insolvency proceedings…
England’s COVID R number drops again – UKHSA
LONDON (Reuters) – The estimated range of England’s COVID-19 reproduction “R” number has fallen to between 0.7 and 0.9, the UK Health Security Agency said on Friday, adding that the number of cases each day is likely shrinking. An R number between 0.7 …
Exclusive-EU eyes lower bar to force foreign banks to become subsidiaries
By Huw Jones LONDON (Reuters) -The European Union is considering ways to lower the bar on forcing foreign bank branches to become subsidiaries which must hold more costly capital and liquidity, and EU document showed. The EU is revising its capital rul…
Asian prices rise on Japan’s colder weather, Russia-Ukraine tensions
By Marwa Rashad LONDON (Reuters) – Asian spot liquefied natural gas (LNG) rose this week as cold weather in Japan and parts of northern China lifted demand and amid concerns over European supply disruptions from Russia. The average LNG price for March …
Hewlett-Packard wins fraud case against UK tech tycoon Mike Lynch
By Paul Sandle and Kate Holton LONDON (Reuters) – A British judge found on Friday that tech tycoon Mike Lynch had masterminded an elaborate fraud to inflate the value of his company Autonomy before it was bought by Hewlett-Packard for $11 billion in 20…
HP wins majority of civil case against UK tech tycoon Mike Lynch
LONDON (Reuters) – Hewlett-Packard has won the majority of its civil case against British tech tycoon Mike Lynch over its acquisition of Autonomy in 2011, a London judge said on Friday though damages will be considerably less than the $5 billion claime…
Magnitude 5.6 earthquake strikes south of Panama –EMSC
(Reuters) – A magnitude 5.6 earthquake struck south of Panama on Friday, the European Mediterranean Seismological Centre (EMSC) said. The quake had a depth of 15 km (9.32 miles), EMSC said. (Reporting by Mrinmay Dey in Bengaluru; editing by Jason Neely)
London police move to limit Downing Street parties report
By James Davey and Elizabeth Piper LONDON (Reuters) -An inquiry into COVID-19 lockdown-breaking gatherings in Downing Street that might determine the future of British Prime Minister Boris Johnson could be further delayed after the police asked for the…
UK lawmakers back appointment of new audit watchdog chair du Plessis
LONDON (Reuters) – British lawmakers have endorsed the appointment of former BT Group chairman Jan du Plessis as the new chair of the Financial Reporting Council, which regulates auditing and corporate governance standards. Parliament’s business commit…