Simon Rubinsohn, the chief economist of RICS, discusses the U.K.'s housing shortage and what it means for prices.» Read More
PARIS, Dec 12- European aerospace group EADS pledged to shun risky investments and new plane programmes as it looked to bury the ghost of troubled projects and promised investors a smoother ride in coming years.
*Libya may reopen three oil ports this weekend. LONDON, Dec 12- Brent oil futures fell to around $109.50 a barrel on Thursday on the possible reopening of major Libyan ports this weekend and expectations that the U.S. Otherwise, you have the Fed meeting next week, " Olivier Jakob at Petromatrix consultancy in Switzerland said.
LONDON, Dec 12- Gold prices slid more than 1 percent on Thursday, with a short-covering rally fizzling out as expectations grew that the Federal Reserve would reduce its huge stimulus programme after a provisional budget deal in Washington.
*Peugeot slumps after writedown, possible capital hike. LONDON, Dec 12- European shares fell for the third day in a row on persistent uncertainty over when the United States may scale back economic stimulus measures, and carmaker Peugeot dropped more than 10 percent.
LONDON, Dec 12- Gold prices slid on Thursday, with a short-covering rally fizzling out as expectations grew that the Federal Reserve would reduce its huge stimulus programme after a provisional budget deal in Washington. Spot gold was down 0.6 percent at $1,243.50 an ounce by 1102 GMT, pulling back from a three-week high of $1,267.26 hit on Tuesday.
MUMBAI, Dec 12- Chef Matteo Boglione, at the newly opened Le Cirque Signature in Mumbai, says that when he was getting started at the offshoot of one of New York's elite restaurants he was told repeatedly: "We want more vegetables".
NEW YORK, Dec 11- Natural gas futures hit 7- month highs on Wednesday after cold weather forecasts bumped up expectations for heating demand in the United States, while U.S. crude prices tumbled on a report showing a build in gasoline inventories. Copper rose for a fourth straight session in London, hitting a one-month high together with zinc.
NEW YORK, Dec 11- Brent oil rose on supply concerns as traders remained skeptical that Libyan oil exports would resume while U.S. crude fell after government data showed large builds in refined oil products, suggesting sluggish oil demand.
BEIJING, Dec 12- The day before China's Communist Party published one of its most important policy statements in a decade, a copy of the reform plans was already circulating on Chinese social media.
SEOUL/ BEIJING, Dec 12- Ssangyong Motor Co, a small, Indian-owned, South Korean sport utility vehicle maker, says it expects to invest nearly $1 billion on its line-up as part of a new strategic plan to break into the United States and Asian markets.
LONDON, Dec 11- Leading countries set a goal of finding a cure or effective treatment for dementia by 2025 on Wednesday and ministers said the world needed to fight the spread of the memory-robbing condition just as it fought AIDS.
*Two new pipelines set to drain oil from Cushing. NEW YORK, Dec 11- Crude oil futures prices fell on both sides of the Atlantic as a U.S. inventory report showed a build in gasoline stocks and Libya said its ports could reopen by the weekend, raising the prospect of more crude in the world market.
LONDON, Dec 11- Britain's leading fraud prosecutor is launching a full review of the circumstances that led to the collapse of a high-profile corruption trial that has embarrassed an agency attempting to restore confidence in its crime-busting abilities.
LONDON, Dec 11- Oil rose above $109 a barrel on Wednesday, erasing earlier losses after closely-watched U.S. inventory data showed the biggest draw on crude oil stocks this year.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil edged down below $109 a barrel on Wednesday, shrugging off forecasts of surging global demand from the west's energy watchdog, while the market awaited U.S. data that is expected to show a drop in crude stockpiles.
LONDON, Dec 11- The world needs to fight the spread of dementia in the same way it mobilised against AIDS, a British government minister told a special summit on the disease on Wednesday, saying failure to tackle it would wreck state health budgets.
MILAN-- The Milanese opera house La Scala took another step in its artistic and managerial transition on Tuesday by confirming that Riccardo Chailly will be its new musical director, replacing Daniel Barenboim.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil held steady above $109 a barrel on Wednesday, shrugging off predictions from the West's energy watchdog of rising global demand as the market awaited U.S. data that is expected to show a drop in crude stockpiles.
*Dexus, CPPIB hike offer for CPA to A $1.27 per unit. SYDNEY, Dec 11- A bidding war for Australia's Commonwealth Property Office Fund escalated after Dexus Property Group and the Canada Pension Plan Investment Board hiked their joint offer- a move expected to prompt a higher bid from a rival suitor.
PARIS, Dec 11- Airbus parent EADS was poised on Wednesday to set out a two-tier strategy stressing growth in civil jetliners coupled with a forecast of flat defence and space activities throughout the decade. EADS gave a taste of the changes in July after the collapse of merger talks with Britain's BAE Systems in late 2012 prompted a strategy review.