Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.» Read More
LONDON, Oct 1- European shares rebounded from three-week lows on Monday in a technical rally, with price dips and the unsurprising results of a Spanish bank stress test luring investors into the market, but analysts said the bounce was unsustainable. fiscal cliff "of scheduled tax hikes and government spending cuts as well as the situation in Spain.
JOHANNESBURG, Oct 1- Anglo American Plc's South African unit will face a hearing next year to determine if it is liable for miners who contracted lung disease silicosis while working in the company's gold shafts, lawyers for the plaintiffs said on Monday.
*Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- The EU warned on Monday of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.
LONDON, Oct 1- The results of two studies into Roche's breast cancer drug Herceptin published on Monday showed that the current standard treatment of taking the drug for a year provides the best outcome for patients.
Oct 1- Molson Coors Brewing Co:. *Says Hunter named CEO of Europe; Glendinning CEO of Canada as Perkins. *Says Mark Hunter is currently CEO, Molson Coors central Europe& Stewart.
NEW YORK, Oct 1- U.S. stock index futures rose on Monday at the start of a new quarter before data that could show manufacturing's contraction was slowing. *The final Markit Manufacturing PMI for September is due at 8:58 a.m., and the Institute for Supply Management's September manufacturing index is expected at 10 a.m..
LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
*Manufacturing in euro zone and Asia wilts in Sept. LONDON/ BEIJING, Oct 1- Factory output in Europe and Asia wilted again in September, flagging a return to recession for the euro zone and a seventh straight quarter of slowing growth in China, business surveys showed on Monday.
NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.
LONDON, Oct 1- Britons' expectations for inflation over the next 12 months fell slightly to 2.7 percent in September from 2.8 percent in August, a monthly survey by polling company YouGov showed on Monday. The poll conducted on behalf of Citi also showed that inflation expectations for the next 5-10 years held steady at 3.5 percent.
*Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold eased on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a U.S. report on employment later this week.
*UK manufacturing drops faster in Sept- PMI. LONDON, Oct 1- Lending to British consumers fell in August and manufacturing activity shrank in September, weighing on prospects of a sustainable economic recovery in the coming months.
BERLIN, Oct 1- Talks on creating a European aerospace and defence giant through a merger of Airbus parent EADS and Britain's BAE Systems are at risk of failing due to the divergent stances of the governments involved, three German sources said on Monday.
LONDON, Oct 1- Britain's Financial Services Authority said on Monday that four men have been charged with insider dealing following the watchdog's most complex investigation of its kind so far. Martyn Dodgson, a senior corporate broker, Andrew Hind, Benjamin Anderson and Iraj Parvizi have been bailed to attend Westminster Magistrates Court on 19 Oct. 2012.
On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' BB' long-term foreign currency corporate credit rating on oil and metals mining company Vedanta Resources PLC. Vedanta is listed in London, but most of its assets are in India.
WARSAW, Oct 1- Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.
*UK's fsa says corporate broker martyn dodgson, Andrew Hind, Benjamin Anderson.
LONDON, Oct 1- The British Bankers' Association released the following London Interbank Offered Rates for dollars, euro and sterling at its daily fixing. The spread of three-month Libor rates over three-month OIS rates, calculated from Reuters' data, expresses the three-month premium paid over anticipated central bank rates, or Overnight Index Swap rates.
*Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, with miners bolstered by Xstrata's backing of a takeover bid from Glencore, potentially opening the door for more deals in the sector.
LONDON, Oct 1- Zetar PLC:. *David Williams has agreed to remain as chairman for the time being until a. suitable candidate has been found.