Business News Headlines

UK surveyors report surge in activity as investors try to beat tax rise


LONDON - British property valuers reported a surge of activity on Thursday as property investors tried to beat an increase in transaction taxes on rental investments coming into force in April.

2:00am GMT

Yen, bonds, gold all gain at dollar's expense, stocks sag


SYDNEY Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done raising interest rates.

FXpert, Japan 5:42am GMT

Wed, Feb 10 2016

UK could restart Lloyds sale soon if price rises, official says


LONDON Britain's government could rapidly restart sales of state-held shares in Lloyds Banking Group if market conditions normalise and the share price rises, the finance ministry's top civil servant, Nicholas Macpherson, said on Wednesday.

10 Feb 2016

Oil prices fall on U.S. storage glut, ongoing economic woes


SINGAPORE Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year.

FXpert 6:03am GMT

Yahoo announces first round of layoffs as it trims 15 percent of workforce


SAN FRANCISCO Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

10 Feb 2016

Global code aims to tell currency traders what to say, and what not

LONDON The first draft of a new global code of conduct for the $5 trillion a day currency market seeks to define better what traders can and cannot say to one another.

FXpert 6:05am GMT

The banker at centre of Swiss bank BSI, 1MDB relationship


SINGAPORE A private banker, caught up in Singapore's money laundering probe linked to 1Malaysia Development Bhd, was a key link between the embattled state investor, a Swiss private bank and a Malaysian businessman connected to the troubled fund.

5:11am GMT

Nokia posts strong network result, warns over China slowdown


HELSINKI Finland's Nokia reported better-than-expected profits for its mainstay telecom network equipment business but warned that rollouts for new mobile networks would start to slow this year in its key market in China.

6:23am GMT

Amazon to buy back $5 billion of shares

Photo Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion (4 billion pounds) share buyback programme.

10 Feb 2016

Twitter disappoints investors as user growth hits wall


Twitter Inc reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend. | Video

1:54am GMT