LONDON (Reuters) – Sterling hit a new 3-1/2 year high against the euro on Wednesday, bolstered by doubts about the currency bloc’s ability to activate bailout funds to protect its troubled debtor states.
The euro fell to 78.87 pence in early trade, the lowest level since November 2008, and is likely to stay under pressure with the bond yields of vulnerable economies such as Spain and Italy still at elevated levels.
LONDON, July 10 (Reuters) – Sterling hit a fresh 3-1/2 year
high against the euro on Tuesday as market focus switched back
to the euro zone debt crisis, spurring the pound to recover from
an early dip caused by comments from the Bank of England
The euro dropped 0.4 percent to 79.005 pence,
hit by comments from Italy’s prime minister and ahead of a
German constitutional court ruling that could thwart the
deployment of the euro zone’s rescue fund.
LONDON, July 10 (Reuters) – Sterling rose to a session high
against the dollar on Tuesday after better-than-expected UK
production figures offset downbeat retail sales and housing
data, although analysts predicted the pound’s gains would be
British manufacturing output rose 1.2 percent month-on-month
in May and industrial production increased by 1 percent from
April, well above analyst estimates.
LONDON (Reuters) – Sterling hovered near a 3-1/2 year high against a softer euro on Tuesday, shrugging off expectations of more weak UK data after a meeting of euro zone finance ministers failed to inject confidence into the market.
Sentiment towards perceived riskier currencies was muted after European ministers made little progress overnight towards using the bloc’s rescue funds to combat soaring Spanish and Italian borrowing costs.
LONDON, June 20 (Reuters Point Carbon) – Companies listed on the London Stock Exchange will be forced to publish their greenhouse gases from next year, Deputy Prime Minister Nick Clegg wrote late on Tuesday in the Guardian newspaper, a move that will link share prices with the cost of emitting CO2.
The plans, expected to be formally announced by Clegg at the opening of the Rio+20 sustainability conference in Brazil on Wednesday, will force around 1,800 firms listed on Britain’s main stock market to report their emissions in corporate earnings reports starting next April.
(Updates with firearms details)
LONDON, June 19 (Reuters Point Carbon) – Three British men
have been jailed for a combined 35 years after being found
guilty of a 38-million pound ($59.5 million) tax fraud relating
to the EU carbon market, the UK’s revenue and customs agency
said on Tuesday.
Sandeep Singh Dosanjh, director of London-based KO Brokers
Ltd, was jailed for 15 years, Navdeep Singh Gill, director of
Infiniti UK Ltd, was jailed for 11 years and Ranjot Singh
Chahal, director of Wembley-based Allianz Group Ltd, received a
nine-year sentence, the UK tax authority said in a release.
NEW DELHI/LONDON (Reuters) – European Union plans to charge airlines for carbon emissions are “discriminatory” and violate global laws, a group of 26 countries including the United States and China said in a joint declaration released by the Indian government on Friday.
India, which hosted a two-day meeting in New Delhi this week, said delegates from the non-EU countries, which are also members of the U.N.’s International Civil Aviation Organization (ICAO) executive council, agreed to lodge a formal protest against the EU’s new rules at the council’s next meeting.
LONDON (Reuters) – The New Jersey Nets took the honors in the NBA’s first regular season game staged in Europe by beating the Toronto Raptors 116-103 on Friday.
With the Raptors and Nets anchored near the bottom of the Eastern Conference the game will have little significance other than marking another milestone in the NBA’s expansion plans.
LONDON, March 4 (Reuters) – The New Jersey Nets took
the honours in the NBA’s first regular season game staged
in Europe by beating the Toronto Raptors 116-103 on Friday.
With the Raptors and Nets anchored near the bottom of the
Eastern Conference the game will have little significance other
than marking another milestone in the NBA’s expansion plans.
LONDON (Reuters) – NBA star Kobe Bryant went scoreless on Monday night, playing only six minutes as his 2010 champion Los Angeles Lakers were defeated 111-92 by a younger, hungrier Minnesota Timberwolves in a pre-season match in London.
Minnesota’s Martell Webster came off the bench to lead all players with 24 points, while teammate Michael Beasley scored 21.