Archive of 1 May 2019

Oil firms, exporters drag FTSE 100, while Sainsbury’s, LSE outshine

London's FTSE 100 dipped to a one-month low on Wednesday as oil majors dived after US inventories bulked up and a rise in pound knocked...

Britain’s Metro Bank profit, deposits hit by accounting mistake

LONDON: Britain's Metro Bank revealed the damage a major accounting error had inflicted on its business on Wednesday, reporting a halving of quarterly profit and...

US manufacturing in April slowest since 2016

WASHINGTON: Slowing US production and weakening global demand in April sent US manufacturing activity to its weakest point in two and a half years, according...

Sangakkara named as first non-British MCC president

LONDON: Former Sri Lanka captain Kumar Sangakkara has been appointed as the first non-British president of the Marylebone Cricket Club. The wicketkeeper-batsman, whose nomination was announced...

Morgan Stanley bolsters rates trading as rivals struggle

LONDON: Morgan Stanley is hiring several people in its interest rates trading unit in Europe, a rare sign of an investment bank adding headcount in...

Aluminium, lead hit lowest in over two years on fund selling

LONDON: Aluminium and lead prices slid to their lowest in more than two years on Wednesday as computer-driven funds sold after an options expiry amid...

EBRD’s Africa expansion plans yet to convince some shareholders

LONDON: Several shareholders of the European Bank for Reconstruction and Development, including the United States, have reservations about its plans to expand into sub-Saharan Africa,...

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