British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".» Read More
LONDON, Dec 5- European shares edged higher on Wednesday, helped by positive comments from China on the outlook for growth there, although jitters over U.S. budget talks and a disappointing Spanish bond sale dented sentiment.
*Shanghai copper hits 57,770/ T, highest since Oct.23. SINGAPORE, Dec 5- Shanghai copper chased gains in London copper and rose to a six-week high on Wednesday, but the increase was capped by concerns over the slow progress of the U.S. fiscal talks and lacklustre demand in top consumer China.
Alan Duncan, UK Minister of State, International Development explains why Britain is in a better state than its European peers, dismissing notions the country has lost its regional importance.
SYDNEY, Dec 5- Australia's economy grew at the slowest pace in a year-and-a-half last quarter as government cutbacks offset a burst of business investment, while lower export revenues and a cresting mining boom point to tougher times ahead.
SINGAPORE, Dec 5- London copper opened steady on Wednesday, easing from a six-month high hit in the previous session as a deadlock in U.S. budget talks pressured sentiment. *Three-month copper on the London Metal Exchange was little changed at $8,027 a tonne by 0101 GMT, after rising to a six-week high of $8,068 in the previous session.
LONDON, Dec 4- British supermarket operator Tesco will launch a strategic review of its money-losing Fresh& Easy chain in the United States, Sky News reported on Tuesday.
*UK's Osborne to present budget update around 1230 GMT. LONDON, Dec 5- More austerity looks certain when British finance minister George Osborne presents a half-yearly budget statement on Wednesday, even if he tries to juggle some spending around to ease the pain.
LONDON, Dec 5- Companies should get more involved with university courses to close a skills gap and ease graduates' path to employment, according to a report on Wednesday.
LONDON, Dec 4- Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.
WASHINGTON, Dec 4- High-speed traders make money off the back of small investors without taking much risk themselves, a top U.S. government researcher found, potentially posing a setback for the sector as regulators consider tighter rules.
NEW YORK, Dec 4- The euro rose to a near seven-week high against the dollar on Tuesday after Greece announced better-than-expected terms for its debt buyback, fueling optimism Athens will continue to receive international aid to avoid a default.
WASHINGTON, Dec 4- A federal judge ended a two-year-old case against Barclays involving its dealings with sanctioned countries, closing one investigative chapter against the bank even as it faces multiple continuing inquires.
*Enel to get 613 mln euros plus interest for prepaid expenses. MILAN/ PARIS, Dec 4- French power group EDF received a new blow on Tuesday when Italy's biggest utility Enel announced its has pulled out from a project to build a next-generation nuclear reactor in northern France.
*Ban Ki- moon urges nations to cast off apathy, agree a deal. *Says wants Kyoto to stay platform to fight global warming. He said signs of change were apparent everywhere and "from the United States to India, from Ukraine to Brazil, drought decimated essential global crops".
NEW YORK, Dec 4- The euro rallied to a near seven-week high against the dollar on Tuesday after Greece announced better-than-expected terms for its debt buyback, fueling optimism Athens will continue to receive international aid to avoid a default.
NEW YORK/ LONDON, Dec 4- Cocoa futures tumbled about 3 percent as investors sold to collect profits on Tuesday, while concern about a large amount of cocoa failing grading at Liffe lifted the spot contract's premium to a five-month high.
One of the few commodities to rise was copper, which rallied to a six-week high on growing optimism that top buyer China was on the road to recovery. COPPER BUCKS TREND "We think copper is going to continue to rally in the next couple of months as from here on we should see some macro improvement," Credit Suisse metals analyst Ivan Szpakowski said. "
LONDON, Dec 4- Derivatives regulators from major trading centres promised on Tuesday to minimise cross-border clashes over their new rules to rein in risks in the $640 trillion sector and give industry extra time to adjust.
BRUSSELS, Dec 4- Germany and France clashed publicly on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of ECB powers that threatens to derail one of Europe's boldest reforms.
LONDON, Dec 4- A former TNK-BP employee may have confessed to fraud out of fear during a meeting in the office of German Khan, the head of the oil company and one of Russia's most prominent businessmen, according to a British High Court judge.