Business


Shock in City as Barclays executives charged with fraud

Britain's Serious Fraud Office ( SFO ) charged Barclays Plc, former chief executive John Varley, Roger Jenkins, Tom Kalaris and Richard Boath with conspiracy to commit fraud and unlawful financial assistance in its first criminal prosecution of a bank and senior managers over events during the credit crisis.



South Korea to scrap building new nuclear power plants

He also vowed to cut South Korea's reliance on coal. The president had already ordered eight of the country's coal power plants to cease production soon after taking office on 10 May, following the impeachment of his predecessor, Park Geun-hye.



European Union says Brexit citizens issue not about 'generosity'

A bigger problem may be for British negotiators to resolve what trade relationship they want. "My clear view - and I believe the view of the majority of people in Britain - is that we should prioritize protecting jobs, protecting economic growth and protecting prosperity as we enter into negotiations", he said.



Oil remains below $45 amid growing concern over U.S. supply glut

Brent crude futures were down 6 cents, or 0.1 per cent, at $46.86 per barrel at 0045 GMT. "Although oil prices rebounded from five-month lows in (mid-May), following positive United States jobs data and assurances by Saudi Arabia that Russian Federation is ready to join OPEC in extending production adjustments to reduce a persistent supply glut", OPEC said in its monthly report Tuesday.



Reds' Gennett smacks 4 homers against Cards

Whiten became the 12th player to accomplish the four homer feat. He stripped from his cap to his cleats, which were still wet from a celebratory on-field soaking by teammates. In the third inning, Gennett hit a grand slam . Gennett followed with his fifth homer of the season off John Gant , and then hit a solo shot off the right-hander.



Gulf Coast preparing for tropical storm that hasn't quite formed yet

The Houston metro area was placed under a tropical storm watch around 10 a.m. Tuesday , although there is no named storm in the Gulf of Mexico . Forecasters expect it to resume a northwest track at about 10 miles per hour. The storm could also cause tornados later on June 20 from south-central Louisiana to the western Florida Panhandle. It now has maximum sustained winds of 40 miles per hour (65 kilometers per hour), the Miami-based forecaster said.