Result Page 907 for United kingdom news & latest pictures from ibtimes.com

British envoy says regrets offence over cleric blog

Britain's ambassador to Lebanon said she regretted any offence caused by her blog praising Grand Ayatollah Mohammed Hussein Fadlallah, an early spiritual mentor of Hezbollah who died on Sunday.

Court refuses stay in deepwater drilling case

The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.

U.S. court refuses stay in deepwater drilling case

Banks, oils power FTSE up 1.8 percent

Banks lifted Britain's top shares on Thursday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets. The FTSE 100 .FTSE index was up 90.63 points, or 1.8 percent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 points, or 1 percent, on Wednesday.

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BP dampens hope of early leak fix

BP dampened hopes that it could plug its leaking Gulf of Mexico well sooner than forecast on Thursday, while a battle between the U.S. government and the oil industry over a deepwater drilling ban heads to court.

IMF raises 2010 world GDP forecast, flags Europe risks

The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.

BP says does not expect to halt oil spill until August

BP does not expect to plug its leaking Gulf of Mexico well until August, a spokeswoman for the company told Reuters on Thursday, following press speculation that it could happen earlier.

Costco June same-store sales up 4 percent

No. 1 U.S. warehouse club operator Costco Wholesale Corp saw June sales at stores open at least a year rise 4 percent, marginally missing market expectations, as it was hurt by the Memorial Day holiday shift.

Chinese buying of short-term yen notes hits record

China bought a record $7.9 billion in short-term Japanese debt in May, a surge widely viewed as temporary while sovereign debt concerns buffet the euro, rather than a shift in China's long-term investment stance.

IMF lifts 2010 world GDP view, flags Europe debt risk

The International Monetary Fund upgraded its 2010 global growth forecast on Thursday on the back of robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.

BP boss in MidEast, more progress on relief well

BP boss Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.

BP aims to fix leaking oil well by July 27: report

Besieged energy giant BP Plc aims to fix its leaking Gulf oil well by July 27, ahead of its earlier target of mid-August, to show investors it has limited its burgeoning oil spill liabilities, the Wall Street Journal said, citing company officials.

BP boss in MidEast as relief well progresses

BP boss Tony Hayward met with an Abu Dhabi state investment fund on Wednesday, part of a quest for cash to ward off takeovers and help pay for the worst oil spill in U.S. history.

Daily Forex Forecast 8/7/2010

Traders were content to play the ranges between 0.8470 and 0.8510 during yesterday's domestic session in light of the sharp rally above US85 cents the previous day.

Europe to mark down Greek debt in bank tests

Stress tests on European banks need to mark down the value of Greek government debt by about 16 percent, sources said, as regulators haggled over how much detail to reveal about the health checks.

FDI restrictions stifle start ups: World Bank report

World Bank studies the business environment for FDI in various nations

EU watchdogs battle over stress test publication

European regulators haggled over how much detail to reveal about health checks on the region's lenders in a fight that may undermine the exercise's aim of restoring confidence.

Timeline: Gulf of Mexico oil spill

Millions of gallons/liters of oil have spewed into the Gulf of Mexico since an April 20 explosion on a drilling rig triggered the worst spill in U.S. history.

UK inquiry finds emails do not undermine climate science

Emails stolen from one of the world's leading climate change research centers contained no evidence to undermine the case for manmade global warming, a report found on Wednesday.

EU watchdogs battling over stress test publication

European regulators were debating how much detail to reveal about health checks of the region's banks on Wednesday, in a fight that may threaten to undermine the purpose of the exercise.

Europe stress test excludes German haircut: sources

The stress tests for European banks will not include a haircut on German sovereign bonds, two banking sources in Germany told Reuters on Wednesday.

UK inquiry: emails do not undermine climate science

Emails stolen from one of the world's leading climate change research centers contained no evidence to undermine the case for manmade global warming, a report found on Wednesday.

Amazon launches UK grocery Web site

U.S. online retailer Amazon.com Inc has launched an Internet grocery service in Britain, it said on Wednesday, joining a fast-growing but competitive market.

EU bank watchdogs set to detail stress tests

European Union bank regulators were expected to reveal on Wednesday how tough their health checks of the region's banks will be, in the hope of restoring confidence to markets worried about ballooning public debt.

Saudi investors eye 10-15 percent stake in BP: report

Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British oil company BP dealing with a massive U.S. oil spill, a Saudi newspaper said in an unsourced report on Wednesday.

BP shares soar as spill spreads

Drilling of a relief well to halt the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the response to the disaster said on Tuesday.