Business News Headlines

Barclays takes 750 million-pound charge as forex settlement looms

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LONDON - Barclays took a 750 million pound charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.

9:58am GMT

Bank of England fired forex chief for series of misjudgements - Carney

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LONDON - The Bank of England dismissed its former chief foreign exchange dealer last year because of a series of inappropriate actions including the sharing of a confidential Bank document, BoE Governor Mark Carney said on Tuesday.

11:32am GMT

Barclays, Glencore earnings knock FTSE back from Monday's record high

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LONDON - Britain's blue-chip share index gave up early gains for a third straight session on Tuesday, dropping back from record highs, as Glencore and Barclays weighed on the market after earnings releases.

FXpert 11:52am GMT

UK construction growth unexpectedly surges in February - PMI

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Growth in Britain's construction industry jumped unexpectedly to a four-month high last month, adding to evidence Britain's economy started 2015 strongly, although building firms hired staff at the slowest pace in more than a year.

UK 10:11am GMT

Ryanair asks UK competition authority to reconsider Aer Lingus decision

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DUBLIN - Ryanair has asked Britain's Competition and Markets Authority (CMA) to reconsider a 2013 decision ordering it to sell down its 30 percent stake in Irish rival Aer Lingus .

12:20pm GMT

Grexit risk rising despite cash lifeline - investor survey

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LONDON - Chances of Greece leaving the euro zone in the next 12 months are the highest since late 2012 even though Athens's financial lifeline has been extended, a survey of investors based mainly in Germany showed on Tuesday.

11:15am GMT

Flush with cash, Germany finds another 5 billion euros to spend

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BERLIN - The German government, flush with cash after last year posting of its first budget surplus since 1969, said on Tuesday that it will boost investment spending by some 5 billion euros (3.6 billion pounds) over the next three years on top of 10 billion previously announced.

10:59am GMT

UK legislator says Bank of England forex probe was too soft

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LONDON - A Bank of England probe into what central bank staff knew of malpractice in London's foreign exchange market failed to scrutinise officials closely enough and was "seriously incomplete", a senior lawmaker said on Tuesday.

UK, 11:24am GMT

EBRD agrees Greek lending till end-2020, no upper limit

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BRUSSELS - The European Bank of Reconstruction and Development (EBRD) said on Tuesday its shareholders had voted unanimously to start providing investment and funding support to Greece for the next five years.

11:04am GMT

UK inflation expectations fall again to six-year low - Citi/Yougov

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LONDON - The British public's expectations for inflation in the next 12 months fell to their lowest level in more than six years in February and longer-term inflation expectations were stable at a record low, according to a survey published on Tuesday.

FXpert 8:35am GMT