There is the impact on eurozone inflation – will oil make it impossible for the European Central Bank to cut rates even if it wanted to? There is the further deterioration higher prices put on the US trade account, with consequent pressure on the dollar. That in turn would push up the oil price [...]

“It remains willing to involve these firms in the mediation process should they agree to take part on the basis proposed by the FSA,” it said. These are believed to include Legg Mason.The remaining group, which has been headed by Terry Smith, the chief executive of Collins Stewart Tullett, has so far refused to [...]

Several people were seen with McVeigh in Oklahoma City on the day of the bombing, although none has been conclusively identified.Defence efforts to introduce evidence about the bank robbery gang and to put the gang’s ringleader on the stand were rejected by Judge Steven Taylor, who said the connection amounted to no more than [...]

He may have to stay while receivers restructure the company.Investcorp, a private equity house based in Bahrain, bought Welcome Break in 1997 and securitised the group by setting up a special vehicle, Welcome Break Finance (WBF). The motorway services station operator Welcome Break has called in the receivers at its finance arm after struggling [...]

President Chirac reportedly told President Bush on Tuesday that Washington and London’s proposal for a transfer of power was a “good basis” for discussion, but needed to be clarified. “If we do not reach agreement on a text which satisfies us, France would abstain in the vote,” a source close to M Chirac told [...]

Le Pen told him: “You should have sued but you couldn’t because it was the truth. When you were accused of being a paedophile, you never won your case.” M. Cohn-Bendit retorted: “Because no one brought a case and there was no reason to do so.” He was accused four years ago of allowing [...]