International Herald Tribune (Front Page News)
Updated: 6 min 11 sec ago
Report Casts Doubt on Speculators' Role in High Oil Prices
A report from the Commodity Futures Trading Commission shows that index funds actually were cutting their stake in the oil market as prices were soaring.
Lloyds Agrees to Sell Crest Nicholson Stake to Varde
LONDON (Reuters) - Lloyds Banking Group has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities.
Lloyds Agrees to Sell Crest Nicholson Stake to Varde
LONDON (Reuters) - Lloyds Banking Group has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities.
All Nippon to Start Low-Cost Airline in Japan
The new carrier will take to the skies in the second half of 2011 and fly both international and domestic short-haul routes out of Osaka, the airline said.
Morrison's Eyes New Growth Avenues In Tough Market
LONDON (Reuters) - Wm Morrison Supermarkets, the fourth-biggest grocer, will open convenience stores and may sell groceries online as it seeks to broaden its growth avenues in a tough market.
Asia Stocks Rise, Yen Steady But Outlook Unclear
HONG KONG (Reuters) - Asian stocks edged up and the yen held below a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets.
KNOC Stands Firm on $2.6 Billion Offer For Dana
LONDON (Reuters) - Korea National Oil Corp said it was sticking by its 1.67 billion pound offer for Dana Petroleum after the oil firm tried to squeeze out a higher bid with an independent valuation.
HMV Sales Hurt By World Cup, Eyes Christmas
LONDON (Reuters) - Music, books and games retailer HMV Group reported a 10.6 percent fall in sales for the first quarter on Thursday as the soccer World Cup distracted customers from DVDs and books.
Stocks and Bonds: Shares Rebound as Investors’ Concern Over Portuguese Debt Subsides
Shares followed European markets higher as investors put aside some concerns about the European financial sector.
On Clean Energy, China Skirts Rules
Big government subsidies for clean energy companies, like cheap land and low-interest loans, may be in violation of W.T.O. rules.
China Prepares Further Property Tightening
BEIJING (Reuters) - Some Chinese cities are preparing fresh property tightening steps as housing transactions and prices show signs of a rebound, reinforcing market expectations that Beijing will not ease its grip on the sector any time soon.
Bank to Keep Rates At Record Lows Amid Recovery Doubts
LONDON (Reuters) - The Bank of England looks set to keep interest rates at a record low on Thursday -- and probably well into next year -- to keep the recovery on track in the face of austerity measures and a weakening U.S. economy.
Goldman Sachs Fined $30.9 Million In UK: Report
LONDON (Reuters) - Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.
Foster's Says It Rejected $2.5 Billion Bid for Wine Unit
The Australian group said a private equity firm had made an unsolicited bid for the wine business, which Foster’s plans to spin off from its beer operations.
Google Unveils Tool to Speed Up Searches
Google’s change may save users time, but may also affect the many businesses that have been built around placing search ads on the site.
Australia Regulator Blocks NAB's $12 Billion AXA Unit Bid
SYDNEY (Reuters) - Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market.
Economists Cut U.S. Growth Forecast Again
WASHINGTON (Reuters) - Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.
Piers Morgan to Step Into Larry King’s Shoes
Known mostly as a judge on “America’s Got Talent,” the 45-year-old will seek a mix of hard and soft news guests.
BP Spill Report Hints at Legal Defense
BP released the results of an internal investigation that heaped some of the blame on itself, but mostly pointed at other companies.
Vodafone Is Liable for Tax on India Deal, Court Finds
The decision could have a broad impact if it establishes that any deal involving Indian assets is subject to local taxes even when made overseas.
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