Despite Overseas Weakness, US Durable Goods Rise
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Andy Haldane, executive director for financial stability at the Bank of England, says the economy is "healing" but that we're still "a long way short off normality".
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SINGAPORE, Oct 29- London copper inched higher on Monday, recovering from 7- week lows plumbed last week, as the prospect of a recovering U.S. economy buoyed prices, although lingering concerns about global growth kept a lid on gains. *The most-traded February copper contract on the Shanghai Futures Exchange rose 0.42 percent to 56,920 yuan a tonne.
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TOKYO, Oct 29- Japan's Nikkei share average seen weakening slightly on Monday after gaining 6 percent since Oct. 12 on growing expectations that the Bank of Japan will take substantial easing steps when it meets on Tuesday.
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*NYSE, Nasdaq, other exchanges to open for trade Monday. *NYSE, NYMEX floor trading operations suspended. NYSE said on Sunday afternoon that it will close its physical trading floor operations for the first time in nearly three decades due to a weather-related emergency, but would move trading of NYSE- listed stocks to its fully electronic exchange.
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Bank of Japan poised to ease as economy takes a hit. *Spain stuck in recession, underscoring euro zone woes. Oct 28- The last employment report before the U.S. presidential election is likely to have something for everyone- for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.
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LONDON, Oct 28- British Airways cancelled all flights to New York on Sunday and will suspend most services to and from the U.S. East Coast on Monday as the United States braces for the arrival of Hurricane Sandy. The freak storm, due to come ashore in the United States late on Monday, is forecast to bring thrashing winds, flash flooding and even heavy snowfall.
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*NYSE, Nasdaq, other exchanges to open for trade Monday. *NYSE suspends trading floor for first time since 1985. But NYSE said on Sunday afternoon that it would close its physical trading floor operations for the first time since 1985. It will instead trade NYSE- listed securities on its fully electronic exchange, NYSE Arca.
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Take Taiwan's E Ink Holdings Inc, which makes most of the monochrome displays for devices such as Amazon.com Inc's Kindle and Barnes& Noble Inc's Nook. ``The bottom fell out of the market,'' says E Ink Chief Marketing Officer Sriram Peruvemba.
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SEOUL, Oct 29- The first payouts from South Korea's state pension fund only started in 2008, but faced with the fastest ageing population among developed nations and one of the lowest birthrates, the country needs to deal with a looming funding crunch.
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BRUSSELS, Oct 28- European Union governments will debate a cut of at least 50 billion euros this week as the starting point for negotiations on the bloc's proposed 1 trillion-euro long-term budget, a source familiar with the issue said.
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*Bank of Japan poised to ease as economy takes a hit. LONDON, Oct 28- The last employment report before the U.S. presidential election is likely to have something for everyone- for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.
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*Debt-limit hike could be too much for lame-duck Congress. WASHINGTON, Oct 28- A U.S. debt-ceiling increase could be headed for a Wall Street- rattling s howdown in 2013 if Congress, as expected, shuns a quick and easy fix at the end of this year in favor of another round of last-minute brinkmanship.
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WASHINGTON, Oct 28- The United States runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public spending.
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ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.
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LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.
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BERLIN, Oct 28- With the U.S. presidential election too close to call, hundreds of thousands of Americans living in Europe have been posting their absentee ballots with a sense that they could truly make a difference on Nov. 6.
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Concerns are growing that Britain is laying plans for what political and financial pundits have dubbed “Brixit,” a variant on “Grexit” — Greece’s departure from the euro zone. The New York Times reports.
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*Hitachi made best offer, looks set to win- source. TOKYO/ DUESSELDORF, Germany, Oct 27- Hitachi Ltd, Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon, two people familiar with the matter told Reuters.
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*BP, Justice Department seek to settle civil, criminal charges.
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*Hitachi made best offer, looks to win- source. TOKYO, Oct 27- Hitachi Ltd, Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen, Japanese media said on Saturday.
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TOKYO, Oct 27- Hitachi Ltd, Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen, Japanese media said on Saturday.