United Kingdom

ECB seeks greater power over clearing supervision

ECB seeks greater power over clearing supervision

Published 23/06/2017

FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo

The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its authority over London-based euro clearing once Britain leaves the European Union.

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Dollar dips as traders await signals on more Fed hikes

Dollar dips as traders await signals on more Fed hikes

Published 23/06/2017

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data.

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Facebook launches UK initiative to counter online extremist material

Facebook launches UK initiative to counter online extremist material

Published 23/06/2017

The logo of the social network Facebook is seen on a beach during the Cannes Lions in Cannes, France, June 21, 2017. REUTERS/Eric Gaillard

Facebook Inc is launching a UK program to train and fund local organizations to combat extremist material online, as internet companies attempt to clamp down on hate speech and violent content on their services.

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As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

Published 23/06/2017

FILE PHOTO: India's Prime Minister Narendra Modi addresses a gathering after he inaugurated Kochi Metro at a stadium in Kochi, India, June 17, 2017. REUTERS/Sivaram V/File Photo

The United States is expected to authorize India's purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian Prime Minister Narendra Modi to try to revitalize ties in his first meeting with President Donald Trump.

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Svitolina suffers injury scare ahead of Wimbledon

Svitolina suffers injury scare ahead of Wimbledon

Published 23/06/2017

Tennis - WTA Premier - Aegon Classic - Edgbaston Priory Club, Birmingham, Britain - June 22, 2017 Ukraine's Elina Svitolina in her match against Italy's Camila Giorgi during the second round Action Images via Reuters/Peter Cziborra

World number five Elina Svitolina has expressed fears that a foot injury that contributed to her Aegon Classic defeat to Italian Camila Giorgi in Birmingham on Thursday could lead to her withdrawal from Wimbledon.

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UK offer to EU citizens `very fair`, `very serious`: May

UK offer to EU citizens `very fair`, `very serious`: May

Published 23/06/2017

British Prime Minister Theresa May arrives at the EU summit in Brussels, Belgium, June 23, 2017. REUTERS/Eric Vidal

British Prime Minister Theresa May said on Friday the offer she had made on the rights of EU citizens to live in Britain after Brexit was very fair and very serious and that her government would set out more detailed proposals on Monday.

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Oil edges up, but still set for worst first-half performance in 20 years

Oil edges up, but still set for worst first-half performance in 20 years

Published 23/06/2017

A diesel oil pump is seen at a bus terminal in Vienna, Austria May 31, 2017. REUTERS/Heinz-Peter Bader

Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts.

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Australian banks face `Pandora`s box` of taxes after state hike

Australian banks face `Pandora`s box` of taxes after state hike

Published 23/06/2017

The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray

A second Australian state on Friday said it was open to charging its own bank tax, raising fears the federal government has opened a "Pandora's box" by slapping a A$6.2 billion ($4.7 billion) levy on major lenders in its May budget.

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Athletics: Coleman sizzles in 100m heats as Gatlin keeps pace

Athletics: Coleman sizzles in 100m heats as Gatlin keeps pace

Published 23/06/2017

Jun 22, 2017, Sacramento, CA, USA- Christian Coleman of Tennessee wins 100m heat in 9.90 for the top qualifying time during the USA Championships at Hornet Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

Christian Coleman displayed the kind of speed that helped him clock the fastest time of the year when he led 100 meters qualifying at the U.S. national championships on Thursday as 35-year-old Justin Gatlin kept pace with the youngsters.

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Asian shares flat, stay on track for a winning week

Asian shares flat, stay on track for a winning week

Published 23/06/2017

A stock quotation board displaying Japan's Nikkei average is seen before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. REUTERS/Toru Hanai

Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

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