Taylor Wimpey said a referendum in which Britons backed leaving the European Union has had no meaningful effect on its performance in the last month. » Read More
LONDON, Oct 9- Royal Bank of Scotland will offer at least 30 percent of shares in its insurance business Direct Line at a price of between 170 pence and 177.5 pence per share, sources close to the transaction told Reuters on Tuesday.
BRUSSELS, Oct 9- The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
October 9- Following are terms and conditions. of a bond priced on Tuesday.
*Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- France and Britain made a breakthrough over state shares in a merger between EADS and BAE Systems, making an extension of a deadline for negotiations more likely but putting the two nations on a collision course with Germany.
RIGA, Oct 9- Latvia's prime minister urged parliament members on Tuesday to support next year's deficit-cutting budget despite tensions in the centre-right coalition over demands for additional spending.
VIENNA, Oct 9- Vienna's stock exchange said on Tuesday it feared losing even more trade as a result of a tax on financial transactions set to be introduced in Austria and some other euro zone countries.
*NATO seeks ways to make scarce funds go further. *NATO chief calls for rises in defence spending post-austerity. BRUSSELS, Oct 9- NATO ministers wrestled on Tuesday with how to prevent austerity-driven defence cuts in many member countries from undermining the power of the 63- year-old Western alliance.
HONG KONG/ SINGAPORE, October 09 Fitch Ratings has downgraded and simultaneously withdrawn the rating on the notes of Corsair No.4 Limited Series 6 due to tranche default. The transaction is a synthetic corporate CDO referencing corporate obligations mainly in the U.S. and Europe.
NEW DELHI, Oct 9- India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone.
*Growth, Greece worries stoke safety bids for bonds. Treasuries prices rose on Tuesday in advance of a three-year debt sale as safe-haven bids for bonds emerged on anxiety about weak global growth and Greece's ability to meet the terms of a bailout.
*Allegations have put BBC in spotlight. LONDON, Oct 9- Jimmy Savile, the late BBC TV star at the centre of a child sex scandal that has shaken Britain's state-funded broadcaster, may have abused up to 25 victims some as young as 13 over four decades, police said on Tuesday.
LONDON, Oct 9- Britain's Serious Fraud Office said blowing the whistle on crime won't guarantee freedom from prosecution as the fraud-buster seeks to restore its credibility after embarrassing setbacks. The SFO's new head David Green took up the reins in May and is refocusing the agency to pursue a more aggressive and targeted crime-fighting strategy.
MOSCOW, Oct 9- Russia's top crude producer Rosneft said on Tuesday its powerful chief executive Igor Sechin met the co-owners of international oil trading house Gunvor to discuss trading issues, amid reports of a rift between Sechin and Gunvor's co-owner Gennady Timchenko.
European stocks will likely end the fourth-quarter flat to negative as the "status quo" between the central bank stimulus support and a weak growth outlook begins to slip, Standard& Poor's Capital IQ analysts write in a fourth-quarter outlook.
By John O'Donnell and Edward Taylor. LUXEMBOURG/ FRANKFURT, Oct 9- European Union ministers examined a proposal on Tuesday to limit planned new powers for the European Central Bank to supervise lenders, in a bid to allay the concerns of countries outside the euro zone over a new banking union.
UK small caps close down 0.1 percent, outperforming a 0.5 percent decline on both the blue chip FTSE 100 index and the mid-caps. Shares in Carclo add 6.2 percent in four times their average daily volumes after the British specialty plastics company forecast a "much stronger second half" for operating profit.
DHAKA, Oct 9- Luxury leather goods sold across the world are produced in a slum area of Bangladesh's capital where workers, including children, are exposed to hazardous chemicals and often injured in horrific accidents, according to a study released on Tuesday.
NEW YORK-- Goldman Sachs downgraded Johnson& Johnson, saying Tuesday that the current share price has captured all the potential for improved growth. However, Goldman analyst Jami Rubin wrote that Johnson& Johnson comes up short in the two areas she sees as likely to boost stock prices, new prescription drugs and capital allocation.
LONDON, Oct 9- The board of Britain's BAE Systems. met on Tuesday ahead of a pending deadline in talks over a proposed $45 billion merger with Airbus parent EADS, a source familiar with the talks told Reuters.
----------PREVIOUS ITEMS Govt plans to build 10-15 airports, upgrade 50 others- Financial Express---------- NMDC to cut iron ore prices by up to 11 pct for Oct- PTI in Business Line---------- Apollo Health plans to expand branded clinics five-fold- Mint---------- Tata Steel shifts focus to India to beat Europe slowdown- Mint----------.