London has ousted Hong Kong as the world's most expensive city, reports CNBC's Robert Frank.» Read More
LONDON, Sept 23- It's now a full eight months since Indonesia turned off the supply of nickel ore to China's giant nickel pig iron sector. China's trade figures for August showed imports of just 39,000 tonnes, very much in line with the previous three months.
*May deter Pfizer from returning to bid for AstraZeneca. LONDON, Sept 23- Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. The move could jeopardize an agreed deal for AbbVie to buy Shire for $55 billion and deter Pfizer from making another attempt to acquire AstraZeneca, after a $118 billion takeover attempt failed in May.
*Israel shoots down Syrian warplane over Golan Heights. LONDON, Sept 23- Brent crude rose above $97 a barrel on Tuesday as the United States and several Gulf Arab allies launched strikes against Islamic State strongholds in Syria, and as a surprise pick-up in China's factory activity boosted the demand outlook.
The Financial Conduct Authority said Tuesday that the penalty was the largest ever for such violations and reflected significant weakness in the systems and controls at Barclays' investment banking division between November 2007 and January 2012.
TEL AVIV, Sept 23- Israel's dedication to developing its defense capabilities has been extended to cyberspace in recent years, spawning an industry which has attracted a near four-fold increase in venture capital investment since 2010 as a growing overseas market for cyber security experts beckons.
*Jimmy Choo aims to join London stock market next month. PARIS/ LONDON, Sept 23- Jimmy Choo set out plans on Tuesday to join the London Stock Exchange next month in a deal that could value the upmarket shoe maker at more than 700 million pounds, seeking to woo investors with the prospect of expansion in Asia.
TEL AVIV, Sept 23- Israel's dedication to developing its defence capabilities has been extended to cyberspace in recent years, spawning an industry which has attracted a near four-fold increase in venture capital investment since 2010 as a growing overseas market for cyber security experts beckons.
LONDON, Sept 23- More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China's massive factory sector outpaced the market's bleak expectations.
In its monthly survey, financial information company Markit said its purchasing managers' index for the eurozone— a closely watched gauge of business activity— fell to a nine-month low of 52.3 in September from the previous month's 52.5. Germany, according to Markit, appears to have recovered at least some of the ground it lost in the spring and early summer.
*May deter Pfizer from returning to bid for AstraZeneca. LONDON, Sept 23- Shares in drugmakers AstraZeneca and Shire both fell more than 5 percent on Tuesday after the U.S.
NEW YORK— Grim economic news from Europe and airstrikes in Syria rattled global stocks Tuesday. Investors have been dealing with meager economic growth in Europe for months. "It has a very feeble recovery going on that is vulnerable to even the slightest external shock," said Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez met on Monday with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest default.
HONG KONG, Sept 23- China shares on Tuesday clawed back some of the previous day's losses after a preliminary survey showed China's manufacturing sector unexpectedly picked up in September, while the Hong Kong market hovered near two-month lows. The China Enterprises Index of the top Chinese listings in Hong Kong was up 0.3 percent.
*Frankfurt marketed itself to Chinese firms. FRANKFURT/ SHANGHAI, Sept 23- When Deutsche Boerse set off eight years ago to lure Chinese companies to Germany with fast listings and low fees, it dreamed of one day landing a giant like Alibaba.
NEW YORK— Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.
NEW YORK, Sept 22- A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to the group.
FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.
*Weak economic outlook in China, Europe weighs on prices. *Analysts expect OPEC to cut output to support prices. HOUSTON, Sept 22- Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries.
NEW YORK, Sept 22- The dollar rose smartly on Monday against the Australian dollar and emerging market currencies hurt by weaker commodity prices, but was little changed against other major currencies after 10 weeks of gains by the dollar index.
NEW YORK, Sept 22- Concern about a potential economic slowdown in China pressured world stock indexes on Monday while Brent crude oil fell below $97 a barrel on sluggish demand and ample supplies. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.