The UK parliamentary banking standards report calls for jailing reckless senior bankers and handing regulators the power to claw back bonuses. Helia Ebrahimi has more.» Read More
LONDON, Dec 27- The yen fell to its lowest against the dollar in more than two years on Thursday, on expectations a new government in Tokyo will push for aggressive monetary stimulus and take steps to weaken the currency. The dollar rose to 85.87 yen on trading platform EBS, its highest since September 2010.
LONDON, Dec 27- Brent crude oil slipped below $111 a barrel on Thursday as nervous investors watched talks to avert a U.S. budget crisis that could push the world's biggest economy back into recession.
Tax campaigners say the trend is the clearest signal yet that tax avoidance has blossomed under a more business-friendly strategy at the UK tax authority Her Majesty's Revenue and Customs. Large companies' payments of corporation tax- the UK equivalent of corporate income tax- totaled 21 billion pounds in 2011/ 12, HMRC data shows.
Returning from the Christmas holiday break, European shares opened little changed at 1137 points, with London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX between 0.1 percent lower and 0.4 percent higher.
SINGAPORE, Dec 27- London copper rose to a one-week high on Thursday, headed for its biggest daily gain in a month, with Shanghai copper extending gains on data showing signs of economic recovery in the world's top copper consumer China.
NEW YORK/ LONDON, Dec 27- Cocoa futures extended their losses to set multi-month lows on Thursday on technical selling after falling below key 200- day moving averages, with the markets in both London and New York facing their first weak quarterly performance in a year.
*MSCI Asia ex- Japan inches up 0.3 pct. In a sign that there may be a way to break the deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff, and offered to at least consider any bill the upper chamber produced.
SINGAPORE, Dec 27- London copper rose to a one-week high on Thursday as the market reopened after the Christmas break, with Shanghai copper extending gains on data showing strong corporate profits in the world's top copper consumer China.
*UAE arrests citizens allegedly planning attacks in UAE, Saudi Arabia. NEW YORK, Dec 26- U.S. oil futures rose to the highest in more than nine weeks on Wednesday on hopes that renewed talks will prevent a U.S. fiscal crisis, and as cold weather and technical buying added to the upward momentum.
After comments from top U.S. Justice Department officials in the wake of the $1.5 billion settlement with UBS over interest-rate manipulation, the bank's counterparties, employees, clients and competitors certainty will.
LONDON, Dec 26- Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business-- emerging markets.
*Futures contract for Feb ends up $1.20 at $1,660.70/ oz. *London markets closed for Boxing Day holiday. In gold futures, the benchmark February contract on New York's COMEX settled up $1.20 at $1,660.70 an ounce after a session high at $1,668.70.
Trading across commodities was light, curtailed by London's Boxing Day holiday and post-Christmas and year-end festivities elsewhere. The market is taking advantage of thin holiday trading, boosting out of its trading range, "said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut.
After trading about $1 a barrel higher earlier in the day, despite a UK holiday that continues to sap liquidity, oil prices jumped by another $1 just as the U.S. market began to pick up. Brent crude rose 1.94 cents or 1.8 percent to $110.74 a barrel by 9:30 a.m. EST, its biggest one-day increase since mid-November.
SINGAPORE/ LONDON, Dec 26- Brent crude rose around 1 percent to near $110 per barrel on Wednesday in thin trade as investors clung to hopes U.S. lawmakers would come up with a last-minute deal to avert a fiscal crisis in the world's largest oil consumer.
*Liffe markets closed for Boxing Day holiday. NEW YORK/ LONDON, Dec 26- U.S. cocoa futures fell for the seventh straight day on Wednesday, dropping to a five-month low, as some investors liquidated their long positions in thin holiday dealings as the end of the year approached. The Liffe softs markets remained closed for Boxing Day.
SINGAPORE, Dec 26- Gold slipped in thin trade on Wednesday as uncertainty over whether the United States would be able to avoid a fiscal crisis kept investors at bay, but lower prices spurred buying from jewellers.
Dec 25- Wine sales at auction houses were flat to lower in 2012, with lower prices for the top Bordeaux weighing on results. But, even so, the Burgundies could not make up for the Bordeaux disappointments. Bordeaux prices headed lower all through the year.
NEW DELHI, Dec 25- Grounded Indian carrier Kingfisher Airlines has filed a revival plan with the country's airline regulator, a senior government official said on Tuesday, in an effort to renew its operating license before it expires at the end of the year.
NEW YORK/ LONDON, Dec 24- Gold was barely changed in Monday's pre-Christmas session, with futures ending down a notch amid light volume and uncertainty over America's fiscal condition in the coming year. The spot price could test support at $1,631, as it may have completed a rebound from a Dec. 20 low of $1,635.09, Reuters market analyst Wang Tao said.