By Hideyuki Sano TOKYO (Reuters) - Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping investors on the sidelines. While energy stocks outperformed, a slump in mainland China stocks to 2-1/2 month lows dampened any broader interest in riskier assets in Asia, offsetting overnight gains on Wall Street. Oil prices are rising, which would benefit oil producing countries.
LONDON (Reuters) - Charges on Britons cashing in their pension will be capped at 1 percent of the pot's value, the Financial Conduct Authority proposed on Thursday. "Firms will not be able to apply any exit charge for personal pension contracts entered into after the proposed new rules come into force," the FCA said in a statement. Britain has introduced "pension freedom" reforms in a bid to give people more choice in providing for their retirement. (Reporting by Huw Jones, editing by Susan Fenton)
Police dogs in Brazil are more used to sniffing out drugs than explosives, but with the Olympics coming up, they have been training hard to help thwart potential terrorist attacks. Although Brazil has never suffered a terrorist attack on its soil, it is on high alert for any threats at the Games, which open in Rio de Janeiro on August 5. To prepare, the Rio Canine Intervention Brigade just completed a two-week training with specialists from a French elite police force, RAID.