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Food may eclipse oil as spending threat

Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.

HSBC considering move to Hong Kong: report

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Europe's biggest bank HSBC may move its headquarters from London to Hong Kong because of what it sees as high levels of tax and red tape in the UK, according to a report in the Sunday Telegraph.
Rebels gather near a tank used by Libyan army defectors in the centre of the city of Zawiyah

Intense battles reported in Al-Zawiyah, Libya

Savage fighting has erupted again in the strategic Libyan city of al-Zawiyah, raising the specter for a prolonged civil war between forced loyal to and opposed to Moammar Gaddafi
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Marc Chandler: In Defense of the US Dollar

After the financial crisis, US dollar-bashing has become en vogue. Marc Chandler, however, has emerged as a defender of the US dollar and “empire,” as he calls it.
David Wormsley, head of investment banking at Citigroup in London, exits Manhattan Federal Court in New York

For Britain's class of 2011, finance keeps allure

Investment bankers have been villified by the public since the financial crisis, and regulators are cracking down on their pay, but Britain's university graduates still aspire to become them. At the country's top universities, the generation of students who started their degree just as Lehman Brothers collapsed are still pursuing lucrative
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WPP finds cautious firms favor ad spending

Western companies flush with cash but reluctant to commit to longer-term investments spent heavily on advertising in 2010 and especially on TV, boosting the world's biggest ad group WPP in the U.S. and Britain.
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Sony says PS3s seized in Netherlands in LG dispute

Sony Corp said on Friday shipments of its PlayStation 3 game consoles were being seized by customs officers in the Netherlands following a court injunction initiated by LG Electronics over a patent dispute.
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Euro, U.S. business gains, price pressure builds

Growth in the service sectors in the United States and Europe hit its highest in five years in February, suggesting economic growth is accelerating though inflationary pressures are building.
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DreamWorks options movie rights to WikiLeaks books

The DreamWorks studio has optioned movie rights to a pair of books about WikiLeaks founder Julian Assange and his controversial Website that is bent on revealing government secrets, company officials said on Thursday.
Gaddafi

Gaddafi bombs oil areas, faces crimes probe

Muammar Gaddafi struck at rebel control of a key Libyan coastal road for a second day on Thursday but received a warning he would be held to account at The Hague for suspected crimes by his security forces.
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Murdoch gets green light for BSkyB takeover

Rupert Murdoch's News Corp took a huge step toward securing its prized $14 billion buyout of satellite broadcaster BSkyB when Britain accepted its proposals to ease competition concerns.
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Stock index futures point to early gains

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.7 percent at 5.23 a.m. EST.
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UK Defense Ministry releases secret UFO files and videos

The Ministry of Defense United Kingdom has released thousands of files with details of UFO sightings and an alien abduction previously classified files documenting sightings of unidentified flying objects (UFOs) by the military and members of the public dating back to the 1950s.
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UK may clear News Corp bid for BSkyB soon: sources

Britain may approve News Corp's $12.5 billion buy-out of BSkyB this week, two sources familiar with the situation said on Wednesday, forcing Rupert Murdoch's group to spin off TV news channel Sky News.
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Northern Irish software firm creates 360 jobs

A Northern Ireland software company that supplies services to major financial institutions said on Wednesday it was creating 360 new jobs, a rare piece of good news in an economy squeezed by public services cuts. First Derivatives, based in the border city of Newry and currently employing 550 people, is to expand using 4.3 million
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Ghana passes oil bill, first payments due soon

Ghana will receive its first payment for oil flows later this month, the country's finance minister said on Wednesday after parliament passed a long-delayed oil revenue management bill in a unanimous vote.

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