Simon Rubinsohn, the chief economist of RICS, discusses the U.K.'s housing shortage and what it means for prices.» Read More
The Organ Care System, which has been tested on 12 patients in Germany and Spain, allows donor lungs to be prepared and preserved for transplant at body temperature, keeping them in better condition than the usual practise of cooling them down, according to results of a study published in the Lancet.
BIRMINGHAM, England, Oct 10- Britain must cut its budget deficit and fix its economy or face long-term decline, Conservative Prime Minister David Cameron will say on Wednesday, seeking to convince voters that his austerity plan is the only way forward.
*Britain, France had proposed state shareholding cap. *Germany demands parity with France, key headquarters. PARIS/ BERLIN, Oct 9- Plans for a $45- billion merger between EADS and BAE Systems veered towards collapse late on Tuesday as Germany appeared ready to block the deal in a row over national stakeholdings.
MELBOURNE, Oct 10- Australian shares may ease from 14- month highs on Wednesday after U.S. stocks fell on concerns over third-quarter earnings, although energy companies may be boosted by a sharp rise in oil prices. *Energy companies such as Woodside Petroleum.
LONDON, Oct 9- British online fashion retailer ASOS is set to appoint Kate Bostock, the former head of general merchandise at Marks& Spencer, as a senior executive, according to an industry source. She could be officially named in her new post, reporting to ASOS Chief Executive Nick Robertson, as early as Wednesday.
NEW YORK, Oct 9- IvanhoÃ© Cambridge Inc has expanded its apartment ownership in Silicon Valley, spending $234 million for a project under construction and an existing building, the real estate arm of Canadian pension fund Caisse de dÃ©pÃ´t et placement du QuÃ©bec said Tuesday.
BRUSSELS, Oct 9- German Defence Minister Thomas de Maiziere on Tuesday declined to comment on the state of negotiations between EADS and BAE Systems but said he knew the situation well and was surprised by media reports about it.
LONDON, Oct 9- Monetary policy cannot prop up Britain's economy forever, and export-driven growth will be hard to achieve at a time when much of the rest of the world is pursuinig the same strategy, BoE Governor Mervyn King said on Tuesday.
NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.
PARIS/ BERLIN, Oct 9- Merger talks between EADS. and BAE Systems have hit a new obstacle over Germany's reluctance to endorse an Anglo-French scheme for handling state shareholdings, several sources familiar with the matter said on Tuesday.
By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.
LONDON, Oct 9- The Bank of England will ultimately have to face up to monetary policy's limits as a tool to stimulate the economy, even if there are no technical limits for its purchases of government bonds, BoE governor Mervyn King said on Tuesday.
The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. On the New York Mercantile Exchange:. Benchmark crude rose $3.06 to finish at $92.39 per barrel.
BRUSSELS, Oct 9- Apple Inc's antitrust case with the European Union over e-book publishing could be settled in a couple of months, European Competition Commissioner Joaquin Almunia said on Tuesday. The European Commission is now market-testing an offer by Apple and the publishers in a bid to end the EU probe.
NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.
LONDON, Oct 9- Russia aims to bring on line 1.4-2 million barrels of oil equivalent per day with new tax reforms designed to reduce the levy on future projects and codify ad-hoc discounts currently in force, Energy Minister Alexander Novak said on Tuesday. Tax holidays extended under the packages are expected to cover 50 fields in East Siberia.
*CDP sells 3.3 pct stake in Eni to help fund Snam stake buy. MILAN, Oct 9- Italy's state investment holding company, Cassa Depositi e Prestiti, completed the sale of a 3.3 percent stake in oil group Eni on Tuesday for 2.1 billion euros to help fund the acquisition of a controlling stake in gas network company Snam.
BEIRUT-- In Syria's cities and towns, entire blocks of apartment buildings have been shattered, their top floors reduced to pancaked slabs of concrete. Although there are some pockets of Syria that have been relatively shielded from the conflict, the destruction in most of the country's major cities is staggering.
BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he expects BAE Systems and EADS. to announce before the London stock market opens on Wednesday whether to seek more time for talks on a $45 billion merger.
LONDON, Oct 9- Clean tanker rates for refined petroleum products on top export routes were broadly steady on Tuesday with lighter business capping earnings in the transatlantic market.