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U.S. adds criminal charges against ex-Autonomy CEO Lynch

13 hours ago DieselGasoil Comments Off on U.S. adds criminal charges against ex-Autonomy CEO Lynch
(Reuters) – U.S. prosecutors on Friday added three new criminal charges to their indictment against British entrepreneur Mike Lynch related to the $11.1 billion sale of his software company Autonomy to Hewlett-Packard in 2011. FILE PHOTO: Mike Lynch, founder of Autonomy, poses for photographers at an awards ceremony in central London March 13, 2008. REUTERS/Toby Read More

U.S. Treasuries signal trouble, stocks fall after weak data

15 hours ago DieselGasoil Comments Off on U.S. Treasuries signal trouble, stocks fall after weak data
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March Read More

Global growth rebound hopes hit by weak factory data

16 hours ago DieselGasoil Comments Off on Global growth rebound hopes hit by weak factory data
LONDON/TOKYO (Reuters) – Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. FILE PHOTO: A worker is seen at a factory at the Keihin industrial zone Read More

Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

17 hours ago DieselGasoil Comments Off on Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown
LONDON (Reuters) – Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. tech giant’s purchase in 2011 of the Autonomy software business he founded. FILE PHOTO: The logo for The Hewlett-Packard Company is displayed on a screen Read More

Watches of Switzerland has further U.S. acquisitions in its sights

18 hours ago DieselGasoil Comments Off on Watches of Switzerland has further U.S. acquisitions in its sights
BASEL, Switzerland (Reuters) – Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters. FILE PHOTO: Rolex Datejust watches are displayed at the Baselworld Watch and Jewellery Show in Basel, Switzerland March 22, 2017. Picture taken Read More

Take Five: Take it easy, central banks – World markets themes for the week ahead

18 hours ago DieselGasoil Comments Off on Take Five: Take it easy, central banks – World markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/ TAKE IT EASY With the U.S. Federal Reserve well Read More

UK economy dodges no-deal Brexit hit, for now

19 hours ago DieselGasoil Comments Off on UK economy dodges no-deal Brexit hit, for now
LONDON (Reuters) – Britain’s economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson Read More

Just business: British & US investors gobble up Russian government bonds

20 hours ago DieselGasoil Comments Off on Just business: British & US investors gobble up Russian government bonds
Most Russian state-issued bonds were purchased by investors from Britain, the US and the European Union, according to Andrey Solovyev, global head of debt and capital markets at VTB Capital which ran the placement. Russia’s Finance Ministry raised €750 million in a top-up issue of an existing euro-denominated Eurobond and $3 billion in a new Read More

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

20 hours ago DieselGasoil Comments Off on Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

More shale, who cares? Saudi Arabia pushes for at least $70 oil

21 hours ago DieselGasoil Comments Off on More shale, who cares? Saudi Arabia pushes for at least $70 oil
DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Read More