Eyewitnesses say 2 attackers tried to behead a soldier in London today, and the 2 men then charged at police once they arrived and were both shot at, reports NBC's Michelle Krosinski.» Read More
*Suspension "standard practice" following criminal case- EPA. *BP pleaded guilty over 2010 Gulf of Mexico oil spill. O n Nov. 16, BP agreed to plead guilty to criminal misconduct in the Gulf of Mexico disaster, the worst offshore oil spill in U.S. history, and to pay record penalties of $4.5 billion.
Brent crude fell $0.85 to $109.02 per barrel by 1604 GMT, recovering from $108.44 earlier in the session. The mounting political crisis in Egypt and escalating violence in Syria has led to worries about potential disruption to supplies in the Middle East, helping prevent a larger decline in oil prices.
*Bunge sees 8-10 mln T sugar surplus in 2012/ 13. LONDON, Nov 28- Sugar and coffee futures on ICE were slightly lower on Wednesday, tracking a generally softer tone to commodity markets due to economic concerns.
Russian telecoms company Megafon’s London initial public offering (IPO) successfully raised $1.7 billion, despite concerns about corporate governance at the company, majority-owned by Russian internet tycoon Alisher Usmanov.
*Deal on Greece reduces perception of systemic risk. The absence of progress in Washington in talks to avert $600 billion worth of automatic tax hikes and budget cuts next year lifted safe-haven government bonds in the United States and Germany and assured a strong sale of five-year German debt.
*Oil prices down for 3rd day running. NEW YORK, Nov 28- Commodity markets were mostly lower on Wednesday, with oil remaining under pressure for a third day running, as a looming budget crisis in the United States and a stronger dollar thwarted investor appetite.
BOSTON, Nov 28- London- based insurer Old Mutual Plc is likely to follow its Dutch competitor ING Groep NV and move to take its U.S. money management unit public, analysts said, as tighter capital rules in Europe loom for the industry. Old Mutual has said it is studying an IPO for the unit, which counts institutional investors as its main customers.
LONDON, Nov 28- The European Union's postponement from regulation of airline emissions outside its airspace takes carbon border tariffs off the international trade agenda. The EU's executive Commission two weeks ago postponed implementation while it gave the U.N.' s International Civil Aviation Organisation a year to try and agree a global deal.
NEW YORK, Nov 28- Gold fell more than 1.5 percent on Wednesday, its biggest one-day drop in almost four weeks, hit investors liquidated their bullish positions. That could further accelerate the declines as we see highly leveraged investors reduce positions, "said Jeffrey Sica, chief investment officer of Sica Wealth, which manages more than $1 billion in assets.
LONDON, Nov 28- Copper fell on Wednesday as investors shunned riskier assets on concerns about the details of Greece's new debt deal and lack of progress in U.S. budget talks aimed at averting automatic tax hikes and spending cuts in January.
NEW YORK, Nov 28- The euro fell broadly on Wednesday as risk appetite waned on worries about how a deal on Greek debt will be implemented and persistent concerns about whether U.S. lawmakers can agree on a deal to prevent potential tax increases and spending cuts.
*Yet Montebourg's tirades portray poor image of France. PARIS, Nov 28- Snarling at bosses who shut down factories, bashing low-price Asian exporters and telling an Indian steel baron he can get out of France, the industry minister in Paris is a loose cannon in a government striving to attract investment.
He may well know his stuff when it comes to central banking, but the future Bank of England Governor Mark Carney will have to show a wide breadth of knowledge about British history, culture and customs before he can claim British citizenship.
New Bank of England Governor Mark Carney faces an uphill struggle and an even more difficult situation than in his current role.
With sluggish growth, an expanding budget deficit and fears of a downgrade, the U.K finance minister will next week use his Autumn Statement to update his plans for the economy with predictions emerging that a tax crackdown on multinationals could be on the cards.
Central bankers are joining premier-league footballers as global-economy elites.
MEXICO CITY, Nov 26- Growing coffee consumption in Mexico is helping propel a new chain of cafes with a distinctly Mexican identity, a concept the chain plans to use to take on local market leader Starbucks on its home turf back in the United States.
New banking regulations may lead to an increased rate of insolvencies as banks are forced to focus on their capital requirements at the potential cost of keeping “zombie” companies alive.
The U.K. taxpayer could lose the entire 66 billion pounds ($107 billion) paid to bail out struggling Royal Bank of Scotland (RBS) and Lloyds at the height of the credit crisis, according to a report by an influential group of UK members of parliament (MPs).
London had the distinction of being the biggest global financial hub by number of jobs but now, the city some call the "capital of the world" is losing out to longtime rival New York and up-and-comers from the east are nipping at its heels, a new report shows.