Alex Paterson, senior analyst at Espirito Santo Investment Bank, comments on the group's quarterly results and on the "disappointing" parcel business.» Read More
PARIS, Oct 2- European luxury stocks, once a must-have for portfolio managers seeking to avoid the European economic doldrums and get exposure to surging China sales, are falling out of favour, hit by concerns about slowing growth there.
LONDON-- It was a meeting of the two most famous British people on the planet: Queen Elizabeth II turned to her tuxedo-wearing guest and said, "Good evening, Mr. It introduced a dapper but deadly secret agent who wore Savile Row suits, drove an Aston Martin, liked his martinis shaken, not stirred, and announced himself as "Bond, James Bond."
Markets' eyes are currently trained on Moody's to see whether it strips Spain of its investment grade status as Madrid struggles with cash-strapped regions, an ailing bank system and rising debt refinancing costs.
LONDON, Oct 2- European shares fell on Tuesday, weighed by weakness in basic resources stocks on concern about the outlook for global growth. "The real key to create confidence is positive earnings surprises, positive economic data surprises," Philip Isherwood, European strategist at Absolute Strategy Research, who is' overweight' on stocks.
*Gold hovers around 2012 highs* ETF options highlight caution ahead of US jobs data* Platinum eases, S. Africa strikes continue By Amanda Cooper and Clare Hutchison. LONDON, Oct 2- Gold was broadly steady on Tuesday, a day after touching its highest level of the year, helped by a stronger euro and by caution ahead of the release of U.S. employment data this week.
Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. Supportive to oil prices, the euro rose for a second straight session on growing expectations the euro zone's fourth-largest economy Spain is ready to seek a bailout.
*IPO likely to be single listing on Iraq bourse. Zain Iraq, owned by Kuwaiti telecom group Zain, still needs to convert to a joint stock company in preparation for the float, Hisham Akbar, Zain deputy chief executive and chief operating officer, told reporters on the sidelines of a conference in Dubai.
By Luke Jeffs and Chris Vellacott. LONDON, Oct 2- Britain's financial watchdog is to close loopholes that allow companies to list shares on the London Stock Exchange without being fully vetted, in a bid to better protect investors. The FSA's announcement comes days after Bumi, an Indonesian venture that was listed on the London Stock Exchange.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.
*Regulators at European Commission to consider the proposals. Recommendations of the group, set up by the European Commission, aim to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses after more than five years of crisis.
Lynn Helms says North Dakota crude oil also could be in demand to make jet fuel for Delta Air Lines Inc.. He says they'll make it easier for North Dakota crude oil to flow to refineries in Texas and the Gulf Coast. The airline is exploring getting North Dakota crude, because it's cheaper than oil from Britain's North Sea.
Benchmark oil dropped 28 cents Tuesday to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.
LONDON, Oct 2- A consortium led by the founder and executive chairman of Redrow is in talks to raise its offer to buy out minority investors in the British housebuilder, as haggling continues ahead of a Thursday deadline.
LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.
--EADS has shown a sustained strong financial performance, including solid free cash flow and very moderate dividends. --At this stage, we consider it too early to make rating decisions on the proposed merger of EADS with BAE Systems.
October 2- Following are terms and conditions. of an FRN priced on Tuesday.
*Qua Iboe valued at dated plus $2.30- $2.60. LONDON, Oct 2- Nigerian crude differentials held steady on Tuesday, below peaks reached last week during a buying spree led by Indian refiners, while remaining Angolan cargoes were expected to weaken. *Qua Iboe: Offered at dated plus $2.70 to $2.75 and considered more likely to trade between plus $2.30 and plus $2.60.
*Austria, Britain deals can come into force in January. ZURICH, Oct 2- Switzerland will not hold a November referendum on deals with Germany, Britain and Austria to tax secret bank accounts after opponents of the agreements failed to gather enough signatures to force a vote, the government said.
LONDON, Oct 2- European shares turned briefly negative and Bunds rose on Tuesday, tracking early U.S. moves in low volumes, traders said. At 1422 GMT, the FTSEurofirst 300 index of leading European shares was flat at 1,104.50 points, while German Bund futures rose 5 ticks to 141.45.