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Fight against EU fraud nets 700 mln EU

BRUSSELS — Officers tracking EU crime and corruption for Europe’s anti-fraud office recovered almost 700 million euros ($880 million) last year from EU structural funds, customs and agricultural sudsidies.

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markets

FTSE extends gains, eyes on stimulus action

LONDON - Britain’s top share index hit new two-month highs on Tuesday, modestly extending two sessions of gains, as investors bet on fresh economic stimulus after surprise action from a recent EU summit to tackle the festering euro zone debt crisis.

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markets

Qatar plans Harrods hotels in Malaysia, Paris

DOHA/KUALA LUMPUR - Qatar’s sovereign wealth fund plans to take the Harrods brand global to cities such as Paris and New York, and will start by building a luxury hotel named after the upmarket London department store in Malaysia’s capital Kuala Lumpur.

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markets

Gold climbs above $1,600

LONDON - Gold prices gathered steam on Tuesday to climb above $1,600 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth.

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