Thursday's Autumn Budget in the U.K. suggests fiscal austerity is dragging less on the economy than previously, says Melanie Baker, an economist with Morgan Stanley.» Read More
KIEV, Dec 6- Ukrainian pro- Europe demonstrators vowed to stay on the streets and continue their blockade of government buildings, despite a police threat to crack down "harshly" to enforce a court order that they disperse.
*Storm kills two in Britain, one in Denmark. BERLIN/ LONDON Dec 5- Hurricane-force Storm Xaver blasted towards mainland Europe on Thursday after cutting transport and power in northern Britain and killing three people in what meteorologists warned could be the worst storm to hit the continent in years.
KIEV, Dec 5- Ukrainian police on Thursday warned pro- Europe protesters they faced a "harsh" crackdown if they did not end their occupation of public offices in Kiev, while President Viktor Yanukovich's prime minister denounced them as "Nazis and criminals".
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for October, 10 a.m..
BUENOS AIRES, Dec 5- Argentina's recent Cabinet shuffle has smoothed trade friction between South America's two largest economies and clears the way for a united proposal for free trade with the European Union, Brazilian Trade Minister Fernando Pimentel said on Thursday.
WASHINGTON, Dec 5- The United States urged Europe and Asia to match its efforts to make the financial industry safer, saying on Thursday it likely had done enough to ensure taxpayers will not have to bail out banks again in future crises.
*Finance minister seeks to slow London property rises. *London prices soaring, forcing locals out of the market. LONDON, Dec 5- Britain will impose a capital gains tax on foreign property investors from 2015 in a bid to allay fears that wealthy foreign buyers are inflating a London- led property bubble which is pricing locals out of the market.
The U.K. government is to introduce a new levy on foreign homebuyers, raising concerns that this could put the brakes on London's property market.
AMMAN, Dec 5- Armed with machine guns, black-clad al Qaeda fighters drove their pick-ups calmly into the northern Syrian town and took over its imposing agriculture ministry building.
Prime Minister Mykola Azarov defended his government's handling of the crisis since Kiev walked away from a trade deal with the European Union, and clashed with Germany's foreign minister over charges that police had used excessive force against the protesters.
By Sakari Suoninen and Paul Carrel. FRANKFURT, Dec 5- Euro zone inflation will stay well below target for the next two years and the European Central Bank is ready to act if necessary to lift a listless economy, it said on Thursday. Markets expect further action in 2014, something ECB President Mario Draghi did nothing to deflect.
*Iran's Hosseini says Tehran wants to revive ageing oilfields. VIENNA, Dec 5- Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted.
*Ethylene costs $500/ T in United States, $1,200 in Europe. LONDON, Dec 5- Europe's petrochemical industry will face a competitive assault as U.S. rivals emerge with cheap feedstock from the shale gas boom. Those still in operation are struggling with losses or razor-thin margins as U.S. refiners flood Europe with cheap fuel made from low-cost shale oil and gas.
LONDON, Dec 5- The euro edged up on Thursday after the European Central Bank kept interest rates on hold, with traders on the lookout for the bank's inflation forecasts and any signs it may take more action to prevent deflation.
VIENNA, Dec 5- Paolo Scaroni of Italy's Eni met with Iranian Oil Minister Bijan Zanganeh on Thursday, the first western oil CEO to meet publicly with the minister since last month's interim nuclear deal.
BEVERLY HILLS, Calif.-- Eytan Rosenberg had no idea that the man he let paint a mural on the side his family's gas station in Hollywood was the darling of the art world.
The Bayswater and Alexa handbags maker generates over 60 percent of sales in the UK, and is now trying to increase its profile overseas, targeting affluent Asian shoppers in key tourist spots and hiking prices to take its brand more upmarket from a traditional position of "affordable luxury".
LONDON, Dec 5- The euro rose to trade near a five-week high against the dollar on Thursday as investors positioned for the European Central Bank's to keep interest rates unchanged with rising German yields lending it support.
FRANKFURT, Dec 5- General Motors Co will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.