(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that…
LONDON (Reuters) – Britain’s King Charles will meet U.S. President Joe Biden at Windsor Castle on July 10, a spokesperson for Buckingham Palace said on Sunday. The spokesperson said further details would be released in due course about the meeting which will take place at one of Charles’ residences just outside London. The White House…
WASHINGTON (Reuters) – U.S. President Joe Biden will travel to Europe later this month for meetings in Britain, Lithuania and Finland, the White House said on Sunday. Biden’s trip, scheduled for July 9-13, will begin in London for meetings with King Charles and Prime Minister Rishi Sunak “to further strengthen the close relationship between our nations,” the…
By Daria Sito-Sucic SARAJEVO (Reuters) – Bosnia’s international peace overseer, Christian Schmidt, on Saturday annulled two laws that Bosnian Serb parliament had adopted defying the constitution and the terms of a peace deal that ended the Balkan country’s war in the 1990s. Schmidt, who as international High Representative in Bosnia has powers to impose laws…
LONDON (Reuters) – Britain, Australia and Canada have called on Israel’s government to reverse a decision to approve new settlement units in the West Bank, saying they are “deeply concerned” by an ongoing cycle of violence. This week, Israel approved over 5,700 new settlement units in the West Bank and earlier this month instituted changes…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile campaigns in the second half amid pent-up demand for acquisitions and a new way of voting. Investors including Elliott Investment Management, Engaged Capital and…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. Treasury yields were also mostly lower after the data. The Commerce…
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end…
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares rose on Friday as lacklustre data on China’s factory activity spurred hopes of more policy stimulus, but ended the quarter on a sombre note as worries about further monetary policy tightening and weak Chinese demand capped gains. The pan-European STOXX 600 index…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a nearly decade-long effort to move away from what was once dubbed the world’s most important number. While there has been some…
