Squawk Box Live tracked market reaction to the news that China's factor sector slowed again in November and all U.K. banks passed stress tests.» Read More
WASHINGTON, Nov 2- U.S. employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid. Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday.
Geller, 64, had been CEO of Strategic Hotels since it was founded in 1997. He said that with the company's recent accomplishments and his second novel set to be published this month, it seemed to be an excellent time to hand over leadership to focus on a "myriad of other activities" in his life.
NEW YORK/ LONDON, Nov 2- Cocoa futures climbed on Friday, passing above technical support levels and bucking weakness in other commodities, as some exports were blocked and purchases in the main West African growing region were slow.
Pierre Henri-Flamand, the ex- Goldman Sachs trader turned founder, blamed ``unprecedented market conditions''. Greg Coffey, one of the industry's best known figures, decided to retire early and liquidate one of his funds at Moore Capital, sources said earlier this month.
Nov 2- Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.
Waiver lasts through Nov. 13. WASHINGTON, Nov 2- The U.S. government issued a temporary blanket waiver on Friday of the Jones Act, which will allow foreign-flagged oil tankers from the Gulf of Mexico help supply the Northeast with fuel after Hurricane Sandy shut two New Jersey refineries.
LONDON/ FRANKFURT, Nov 2- European banks will dominate the group of lenders required to hold extra capital to protect the global financial system, despite moves to shrink their businesses in response to the region's debt crisis. Eight are from the United States, and four are from Asia.
LIMA, Nov 2- Peru's constitutional court plans to require the government to finally honor land reform bonds it issued 40 years ago but in most cases never paid, a ruling that could be worth billions of dollars to bondholders in Peru and abroad.
WASHINGTON, Nov 2- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election chances. Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday.
Industry data published on Friday showed that France incurred its 12th straight monthly decline in new car registrations, while demand in Spain continued to plummet.
NEW YORK, Nov 2- Global stocks and crude oil slipped on Friday even after a U.S. employment report for October surpassed expectations, as investors looked beyond next week's presidential election to the looming ``fiscal cliff.''.
LONDON, Nov 2- Gold prices fell to their lowest level since late August on Friday, sliding more than 1 percent as the dollar jumped after better-than-expected U.S. jobs data in the last major signal on the state of the economy before elections next Tuesday. Spot gold was down 1.8 percent at $1,684.36 at 1509 GMT, having earlier hit an eight-week low of $1,682.89.
OTTAWA, Nov 2- Canadian job growth stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth. The underlying details are still fairly positive,'' said David Tulk, chief Canada macro strategist at TD Securities.
*Global drugmakers worried by India's tough stance. MUMBAI/ LONDON, Nov 2- India dealt a fresh blow to the international pharmaceutical industry on Friday as its patents appeal board revoked a patent granted six years ago on Roche's hepatitis C drug Pegasys.
PARIS, Nov 2- Telecom equipment maker Alcatel-Lucent may sell assets to strengthen its balance sheet after posting a second straight quarterly loss as its customers around the world cut spending on mobile and fixed networks.
LONDON, Nov 2- Robusta coffee futures on Liffe eased on Friday but prices held above a six-month low set earlier this week as the focus remained on Vietnam's crop which is expected to be large but slightly below last season. January robusta coffee futures fell $5 or 0.3 percent to $1,979 a tonne at 1510 GMT.
LONDON, Nov 2- Overseas investors, many of whom are creditors to the highly-indebted U.S. government, reckon a re-election of President Barack Obama would be best for world markets even if U.S. counterparts say otherwise.
*North Sea supply expected to return, Angolan force majeure. LONDON, Nov 2- Brent oil headed for its lowest close in three months on Friday, down for a fifth day, as firm U.S. jobs data helped push the dollar higher but failed to ease fears about the outlook for global demand.
SYDNEY/ NEW YORK, Nov 2- The launch of Apple Inc's iPad mini attracted smaller crowds from Sydney to New York on Friday than have been typical for previous Apple product debuts, events marked by people lining up for hours or even days.
WASHINGTON- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lacklustre economy that has been a drag on President Barack Obama's re-election chances. ( USA- ECONOMY/JOBS, moving shortly, by Jason Lange, 830 words).