Simon Rubinsohn, the chief economist of RICS, discusses the U.K.'s housing shortage and what it means for prices.» Read More
NEW YORK, Dec 11- As the holidays approach, many parents are grappling with the ultimate gift conundrum- it better to give cash, gift cards or more personal gifts to teachers?
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.
LONDON, Dec 11- Speaking to the Economic Club of New York on Monday about Britain's economic recovery, Bank of England Governor Mark Carney drew inspiration from Charles Dickens' nineteenth-century parable about miserliness contained in his celebrated novel "A Christmas Carol".
*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.
NEW YORK, Dec 10- Almost 40 percent of U.S. corporate directors with responsibility for monitoring the profit-and-loss ledger have social ties to the chief executive, a study says, making them look more like lapdogs than watchdogs.
NEW YORK, Dec 10- Coffee rallied on Tuesday on tight supplies of robusta beans in top producer Vietnam, and gold and silver surged too, pushing the commodities complex broadly higher. Robusta coffee rose as much as 4.6 percent to $1,803 a tonne in London, before closing 4 percent higher at $1,793.
*Jakarta chief increases driving costs to slow demand. Automakers, including Toyota Motor Corp, Honda Motor Co and Nissan Motor Co and Daihatsu Motor Co, have spent at least $3 billion this year on a new line of low-cost, green car models aimed at millions of Indonesians now looking to scale up from two wheels to four, government officials said.
*Protest group in Libya discusses possible end to blockade. *WTI-Brent spread narrows as TransCanada fills pipeline. (Updates prices to settlement, adds Libya development).
*WTI-Brent spread narrows as TransCanada fills pipeline. NEW YORK, Dec 10- U.S. crude rose on Tuesday as market participants digested news of progress toward the opening of a major pipeline that will transport oil from the U.S.
LONDON, Dec 10- European shares slipped on Tuesday, weighed down by major Swiss stocks as a rally in the Swiss franc raised fresh concern about the country's exports. Swiss stocks such as chemicals groups Roche, drugs group Novartis and food company Nestle took the most points off the index.
*WTI-Brent spread narrows as TransCanada fills pipeline. NEW YORK, Dec 10 (Reuters)- Brent crude oil slid on Tuesday, extending losses for a second session on reports of a possible end to the months-long blockade of east Libyan oil terminals.
*USDA to issue supply and demand report later Tuesday. *Favorable crop outlook in South America caps soy prices. Chicago Board of Trade December wheat stumbled 6-1/ 2 cents to $6.32-1/ 2 a bushel by 10:20 a.m. CST.
*Protest group in Libya signals possible end to oil blockade. *WTI-Brent spread narrows as TransCanada fills pipeline. Brent for January was down 26 cents at $109.13 a barrel by 1429 GMT, having risen briefly by more than $1 to a high of $110.45.
LONDON-- The British government has scrapped plans to outsource the buying of military equipment due to a lack of bidders for the contract. Defense Secretary Philip Hammond had sought to privatize the defense ministry's procurement wing, but it recently emerged that only one bidder was left in the process.