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  • This is particularly true in the euro area, where the European Central Bank seems to go ever further to support bank liquidity. Reuters parent company Thomson Reuters Corp collects information from banks and uses it to calculate Libor rates according to specifications drawn up by lobby group the British Bankers Association, which will no longer be involved.

  • Italy - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 12:00 AM ET

    New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • PRESS DIGEST - British business - Oct 2 Monday, 1 Oct 2012 | 9:21 PM ET

    A new hurdle to the 27 billion pound tie-up between BAE Systems and EADS was put up by the French on Tuesday as the country's largest industrial shareholder in EADS said that the 60-40 merger terms were unsatisfactory. Stephen Hester, chief executive of Royal Bank of Scotland, has admitted the institution is a "British poster child for what went wrong in banking".

  • Volcker, architect of the "Volcker Rule" governing so-called proprietary trading by U.S. investment banks, will appear before the commission on Oct. 17 to compare and contrast banking behaviour and practices between Britain and the United States.

  • British opposition pitches class at 'posh boy' PM Monday, 1 Oct 2012 | 9:01 PM ET

    MANCHESTER, England, Oct 2- British opposition leader Ed Miliband will cast himself as a humble man of the people on Tuesday in a bid to underscore Prime Minister David Cameron's image as a privileged' posh boy' whose government is out of touch with voters.

  • Australia shares up 0.3 pct ahead of RBA meeting Monday, 1 Oct 2012 | 8:16 PM ET

    MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • YSL underwhelms, as Chloe and McCartney get fresh Monday, 1 Oct 2012 | 8:15 PM ET

    PARIS-- Everyone loves a high-profile rivalry, but perhaps the fashion world more than most. In the Christian Dior ring, Raf Simons _ the house designer appointed in April whose Friday collection wowed journalists _ and in Yves Saint Laurent's, Hedi Slimane, the 44- year-old appointed in March, who himself used to work at Dior menswear.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • EU advisers to urge structural reform for banks Monday, 1 Oct 2012 | 7:01 PM ET

    *European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.

  • LONDON, Oct 2- Britain's economy has lost momentum over the past few months, with firms scaling back investment and hiring plans, business lobby BCC said on Tuesday, in another sign that a meaningful economic recovery remains elusive.

  • LONDON, Oct 2- Following are key findings from the BCC's quarterly economic survey. For the full story, click on 2012 2011 SERVICES Q3 Q2 Q1 Q4 Q3 Home sales 1 10 10 2 0 Home orders -2 5 7 -9 -3 Export sales 19 24 16 10 4 Export orders 15 19 12 -1 -2 Employment expectations 9 12 11 2 6. Investment- plant and mac. 3 5 5 2 1.

  • *China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude slipped on Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic U.S. manufacturing data. Federal Reserve's latest quantitative easing and geopolitical tensions in the Middle East.

  • LAHORE, Pakistan, Oct 2- Twenty-three years of military service come in handy when Masood Haider gets a call from a suspicious spouse. "What was taken as taboo 20 to 25 years ago is no more taken that way," said Haider, 53, a former army pilot who founded FactFinders, Pakistan's first licensed private detective agency.

  • LONDON, Oct 1- Banks must undergo a wholesale change in their culture and refocus their behavior on meeting the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.

  • *UK could use "golden share" to block deal unless terms met. BERLIN/ PARIS, Oct 1- EADS and BAE Systems battled to save their $45 billion merger plan from the crossfire of competing interests on Monday as governments and shareholders staked out positions in talks aimed at creating the world's biggest arms firm.

  • --Delta Air Lines Inc. is issuing $1.7 billion of debt, consisting of a $1 billion B-1 term loan, $250 million B-2 term loan, and $450 million bank revolving credit. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services assigned its' B+' issue rating and' 2' recovery rating to Delta Air Lines Inc.' s.

  • *U.S. manufacturing sector expands in September* China's factory activity shrinks for 2nd month in Sept* Euro zone manufacturing points to new recession By Adam Kerlin. NEW YORK, Oct 1- Brent crude slipped Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic U.S. manufacturing data.

  • *China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude slipped Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic U.S. manufacturing data. Federal Reserve's latest quantitative easing and geopolitical tensions in the Middle East.