Royal Bank of Scotland will release £800 million from provisions it had set aside to cover losses on bad loans.» Read More
NEW YORK, Sept 30- The dollar surged on Tuesday after data showed inflation in the euro zone barely rose in September, with the U.S. currency on track for its biggest quarterly gain in six years, while world stock markets headed to their largest quarterly drop in more than two years.
LONDON, Sept 30- State-backed Royal Bank of Scotland expects to be able to put the fallout from past misconduct behind it over the next 18 months, Chief Executive Ross McEwan said on Tuesday.
*Paris auto show opens to press Thursday, Oct. 2. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar. Carmakers are rolling out new models in anticipation of closing the gap-- the Paris show floor will be bristling with fuel-efficient small cars and compact SUVs.
*Euro slips below $1.26 for 1st time in 2 years. LONDON, Sept 30- The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.
DUBAI, Sept 30- Gulf banks are feeling the pinch of rapidly shrinking corporate loan margins, with some predicting a bounce in lending rates as soon as the first half of 2015 as the escalating price war bites into profitability.
LONDON, Sept 30- ICAP, the world's biggest interdealer broker, reported a pick-up of trading in September and said a potential tie-up between rivals could bring further relief to an industry battered by retrenching investment banks and subdued markets.
LONDON, Sept 30- European shares rose on Tuesday, as another batch of weak euro zone inflation data raised the prospect of new stimulus measures from the European Central Bank to boost the region's flagging economy.
LONDON, Sept 30- Copper slipped on Tuesday, on track for its steepest monthly loss since March, weighed down by a strong dollar and renewed signs of rising global supply and slack demand from China, where a factory survey was revised down slightly.
LONDON— The U.K. economy grew faster in the second quarter than previously estimated, with official figures revising up the quarter-on-quarter growth rate by 0.1 percentage points to 0.9 percent.
LONDON— Inflation across the 18 euro countries dipped further toward zero in September, piling pressure on the European Central Bank to pull the trigger on its biggest stimulus weapon— a large-scale program to create new money.
LONDON, Sept 30- Brent oil steadied above $97 a barrel on Tuesday, supported by U.S. and Chinese economic data, but was still set for its deepest quarterly drop in more than two years because of strong supply. Brent for November delivery was up 10 cents at $97.30 per barrel by 0830 GMT.
*Share markets mixed amid uncertainty over Hong Kong, quarter end. *HSBC manufacturing survey disappoints, but exports improve. LONDON, Sept 30- World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.
LONDON— Taxpayer-owned Royal Bank of Scotland says strong economic conditions are boosting its finances and that it expects to take a smaller hit from bad investments this year. Rising property prices in Ireland have helped its Ulster Bank unit. The bank is undergoing a sweeping restructuring to focus on its core business in the U.K..
NEW YORK— A suddenly stormy month on the stock market came to a quiet end on Tuesday. Ford Motor fell after cutting its profit forecast, while eBay jumped after announcing plans to spin off PayPal.
LONDON, Sept 30- The one minute window for setting a widely used currency market benchmark should be extended to 5 minutes to make it harder to manipulate prices, the Group of Twenty's regulatory task force said on Tuesday.
*RBS says to release 500 mln stg in provisions from "bad bank". LONDON, Sept 30- State-backed Royal Bank of Scotland will release 800 million pounds from provisions it had set aside to cover losses on bad loans after an improvement in economic conditions, especially in Ireland.
LONDON- Bank of England Monetary Policy Committee member David Miles speaks at London School of Economics and Political Science- 1730 GMT. VIENNA- ECB Executive Board member Sabine Lautenschlaeger speaks at the annual supervisory conference in Vienna on the topic: "National supervision within a European system- getting the balance right"- 0745 GMT.
Microsoft to offer early look at next Windows. SAN FRANCISCO— Microsoft plans to offer a glimpse of its vision for Windows this week, as its new CEO seeks to redefine the company and recover from missteps with its flagship operating system.
*Hong Kong demonstrations raise worries about Beijing response. NEW YORK, Sept 29- The dollar's three-month rally took a breather on Monday on nervousness over Beijing's response to democracy protests in Hong Kong and concerns it might hurt the region's economy and status as a global financial hub. "The situation in Hong Kong is starting to weigh on people.
Muji, which expects to open its first Canadian store in November in Toronto, wants to have more stores overseas than in Japan within the next two years. At the end of February, the unit of Ryohin Keikaku Co Ltd operated 255 stores outside of its home country, including 100 in China, according to its website. This compared with 385 stores in Japan.