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BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
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LONDON/ ZURICH, Dec 11- Three British men were detained in London on Tuesday in the first arrests stemming from a global investigation into the manipulation of interbank lending rates. Prosecutors and regulators across Europe, the United States, Canada and Japan have been investigating how traders attempted to rig key benchmark lending rates such as Libor.
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Dec 11- HSBC has agreed to pay a record $1.92 billion to settle an investigation by U.S. prosecutors who accused Europe's biggest bank of failing to enforce rules designed to prevent money laundering. The fine is more than double the previous record of $780 million imposed by the U.S. Department of Justice on Swiss bank UBS for aiding tax evasion.
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*New material mimics linking between tendons and bone. LONDON, Dec 11- Scientists in Switzerland have come up with a material mimicking the way tendons connect to bones, which could speed the development of stretchy, wearable electronic devices.
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*Fed expected to announce monthly bond purchases of $45 billion. LONDON, Dec 11- Gold prices held near $1,710 an ounce on Tuesday, little changed from the previous session, as moves were limited ahead of a U.S. Many economists expect the Fed to announce monthly bond purchases of $45 billion after its meeting on Tuesday and Wednesday.
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NEW YORK, Dec 11- NASDAQ OMX Group is buying a 25 percent of Dutch cash equity and equity derivatives trading venue TOM, The Order Machine, with an option to secure a majority stake, the transatlantic exchange operator said late on Monday.
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*USDA raises U.S., global stocks forecasts. *Corn choppy after USDA leaves US stocks view unchanged. *Soy mixed after USDA cuts US stocks forecast as expected.
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MOSCOW, Dec 11- Roman Abramovich, the Kremlin's enforcer on a peace deal at Norilsk Nickel, will pay cash straight to the Arctic giant's two main oligarch owners for a stake in the company, depriving other investors of the windfall from an end a billionaires' feud.
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LONDON, Dec 10- A legal clause as the key to smoothing future debt restructurings could be undermined by a U.S. court ruling that Argentina must pay creditors holding its defaulted debt. But' Argentina vs NML Capital' revives the threat that such holdouts will stall future debt restructurings.
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*Developments in Egypt, Syria, Yemen lend support. *Eyes on Wednesday's OPEC meeting, U.S. LONDON, Dec 11- Brent crude oil rose above $108 a barrel on Tuesday after OPEC said its production declined in November, while a weaker dollar and Middle East unrest also supported prices.
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LONDON, Dec 11- Climate talks in Doha last week highlighted the weakness of carbon targets as a tool to limit climate change while a lack of international financial and political support may equally undermine an alternative, technology-led approach.
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"After a bullish ZEW survey, a healthy Spanish bond auction and expectations of a continued QE3, euro/dollar has gathered enough bullish momentum to take the rate near the 1.30 psychological resistance," said Marc Principato, director of SMB Fore x Trading And Education in New York.
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*Fed expected to announce monthly bond purchases of $45 billion. Many economists expect the Fed to announce monthly bond purchases of $45 billion after its meeting on Tuesday and Wednesday. Spot gold was up 0.1 percent at $1,713.11 an ounce at 1302 GMT, after hitting a one-week high of $1,717.20 in the previous session.
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Dec 11- Delta Air Lines Inc said it was buying Singapore Airlines Ltd's 49 percent stake in Virgin Atlantic for $360 million, ending the Asian airline's disappointing 12- year investment in the British carrier.
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*Effectively clears CNOOC purchase of major North Sea field. LONDON, Dec 11- Britain will not stand in the way of a $15.1 billion takeover of Nexen by CNOOC, allowing the Chinese company to snap up the Canadian group's stake in a major North Sea field that helps set the Brent global oil benchmark.
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LONDON, Dec 11- The euro rose broadly on Tuesday after forecast-beating German data lifted sentiment towards the currency while investors steered clear of the U.S. dollar before a Federal Reserve meeting on monetary policy.
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*Many banks shun market after cartel collapse. *Firms look at options such as end-user finance. LONDON, Dec 11- Companies seeking to build new tin mines are struggling to finance the projects, which could deepen shortages in a market that is already in deficit and exacerbate price moves that are already volatile.
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Britain's Serious Fraud Office has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.
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*Italy to remain volatile, supply pressure adds upward bias. LONDON, Dec 11- Italian bonds rebounded on Tuesday from a selloff but a political crisis, sparked by Prime Minister Mario Monti saying he would resign early, was expected to keep Italy's debt volatile in the coming weeks. "The moves in Italy today are just volatility.
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*Italy to remain volatile, supply pressure adds upward bias. LONDON, Dec 11- Italian bonds rebounded on Tuesday from a selloff but a political crisis, sparked by Prime Minister Mario Monti saying he would resign early, was expected to keep Italy's debt volatile in the coming weeks. "The moves in Italy today are just volatility.
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*Novo encouraged by recent U.S. obesity drug approvals. *Novo says 1 mln patients could make it a $6 bln product. While some in the industry are sceptical about using so-called GLP-1 diabetes drugs such as liraglutide to fight obesity, Novo's Chief Science Officer Mads Krogsgaard Thomsen believes the approach can offer cost-effective benefits.