LONDON (Reuters) -The London Metal Exchange (LME) said on Friday it had received the first application to approve a new nickel brand for delivery against its nickel contract since it cut the waiting time for listing to three months from six to nine months in March. The 146-year-old exchange has struggled to revive nickel volumes …
LME gets first request to list new nickel brand since cutting waiting times Read More »
By Benoit Van Overstraeten and Leigh Thomas PARIS (Reuters) -French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products. The companies, which together make 80% of what the …
France strong-arms big food companies into cutting prices Read More »
LONDON (Reuters) – Pat Cummins produced a vicious bowling onslaught to leave India battered and bruised as Australia took a 296-run lead on day three of the World Test Championship (WTC) final at The Oval on Friday. Australia’s four-man pace attack claimed nine wickets between them to dismiss India for 296 in their first innings, …
Cricket-Australia heap misery on India in WTC final Read More »
By Waakhe Simon Wudu JUBA (Reuters) -At least 20 people have died in fighting in a camp for displaced people in South Sudan, a medical aid group said on Friday. Tensions started rising last week when women from different groups tussled at a water point in the camp in Upper Nile State’s capital Malakal, according …
Fighting kills at least 20 in South Sudan displaced peoples camp – MSF Read More »
DUBAI (Reuters) -Sudan’s warring sides have agreed a nationwide, 24-hour ceasefire from Saturday morning, U.S. and Saudi Arabian mediators said, following a week of intensified fighting after a previous truce deal lapsed. The mediators said the ceasefire was “an effort to break the cycle of violence” between Sudan’s army and the paramilitary Rapid Support Forces …
Sudan factions agree day’s truce designed to ‘break cycle of violence’ Read More »
By Andy Bruce LONDON (Reuters) -Mortgage rates in Britain rose again on Friday as economists warned that rising borrowing costs would put the housing market under renewed strain. The average rate on a two-year mortgage deal across the range of loan-to-value ratios rose on Friday to 5.82%, compared with 5.30% a month ago, financial data …
UK housing market strains grow as mortgage rates creep higher Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -British equities slipped on Friday after chemicals firm Croda hauled the sector to its worst day in over three years, while housing-related stocks continued their downward spiral as stresses in the sector continued to build. The FTSE 100 benchmark index lost 0.5%, while the FTSE 250 midcap …
London stocks fall on homebuilders drag, Croda sell-off Read More »
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s government will target a budget deficit of 6.54% of economic output in the fiscal year starting on July 1, the finance minister said on Friday, slightly below the current year’s revised estimate of 7%. Finance Minister Ishaq Dar announced the target during his budget speech …
Pakistan targets fiscal deficit of 6.54% in budget closely watched by IMF Read More »
ASTANA (Reuters) -Kazakh President Kassym-Jomart Tokayev will not attend the annual economic forum in Russia’s St Petersburg next week, the government said on Friday, after refusing to toe the Kremlin’s line over the Russian invasion of Ukraine at last year’s event. The Kazakh government said only two officials will represent the Central Asian nation at …
Kazakh president to skip ‘Russian Davos’ -government Read More »
By Sam Tobin LONDON (Reuters) – A British foreign exchange company boss who used investors’ cash to fund his luxury lifestyle was sentenced in his absence to 14 years in jail on Friday over a 70 million pound ($88 million) Ponzi scheme. Anthony Constantinou was found guilty last month of one count of fraud by …
Fugitive British forex boss sentenced in absence for $88mln fraud Read More »
