While the U.S. dollar has been gaining strength over the years, Greg Gibbs, Senior Currency Strategist at RBS, says the greenback could begin to struggle as rate hikes do not seem likely in the near term.» Read More
*Uncertainty remains and markets could be volatile, as despite Spain's readiness to ask for financial help Germany has signaled that it should hold off, according to European officials on Monday.
The “new China” is poised to become a knowledge economy, where growth stems from the innovation and ingenuity of its workers, rather than the brawn that powered the country’s export-led manufacturing transformation, according to Jim O’Neill, chairman at Goldman Sachs Asset Management.
Oct 2- Westlake Chemical Corp:. *To convert Calvert City ethylene feedstock to ethane. *Says announced an expansion of the existing PVC plant in Calvert City,.
SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.
Oct 2- Quanta Services Inc:. *Federal court order rules in favor of Quanta Services in patent infringement. *Houston court entered order finding that a product line sold by Liveline.
*Windows, multiple versions of Android complicate decisions By Bill Rigby. SEATTLE, Oct 2- For Microsoft Corp, and Amazon.com, and the clutch of other companies that hope to carve out a big slice of a mobile computing business currently dominated by Apple Inc, the future depends on people like Scott Porad.
The investigation initiated by the U.S. Attorney's Office for St. Louis in 2005 covered the company's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.
BRUSSELS, Oct 2- Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday. The European Commission set up the group of experts, led by Bank of Finland Governor Erkki Liikanen, to examine bank structures.
By Robin Paxton ASTANA, Oct 2- U.S. oil company ConocoPhillips. Kazakh Oil and Gas Minister Sauat Mynbayev said that ConocoPhillips is ready to sell its 8.4 per cent stake in North Caspian Operating Company, the consortium developing Kashagan. "
NEW YORK-- Kraft Foods Group and Mondelez International are set to begin trading as two separate public companies on Tuesday. Scott Mushkin of Jefferies started coverage of Kraft Foods Group Inc. with a "Buy" rating and $50 price target. Citi Investment Research's David Driscoll gave Kraft Foods Group a "Neutral" rating and $48 price target.
Regis also announced in July that it is selling hair replacement services provider Hair Club for Men and Women to Japan's Aderans Co. for $163.5 million in cash. Aderans, based in Tokyo, offers hair replacement and restoration products and services.
STOCKHOLM, Oct 2- Syria's civil war has made Friday afternoons a busy time at Bambuser, a tiny Swedish IT startup in an old bicycle factory which streams live video from the latest uprisings.
TEL AVIV, Oct 2- The Shimshon reservoir off Israel's southern Mediterranean coast has the potential for about 550 billion cubic feet of natural gas, Modiin Energy. ATP Oil& Gas Corp holds a 40 percent working interest in the well, Modiin Energy owns 10 percent and Isramco.
*Volcker will compare and contrast U.S., UK regulation. LONDON, Oct 2- Paul Volcker, the former U.S. Volcker, who led the Fed under presidents Jimmy Carter and Ronald Reagan, has been at the forefront of recent regulatory attempts to reform the U.S. banking system and will compare and contrast banking practices in Britain and the United States.
--Paper and packaging producer Mondi Group has announced that it has completed the acquisition of Germany- based flexible film and packaging manufacturer Nordenia International AG. --Applying our corporate criteria on parent-subsidiary links, we are equalizing our ratings on Nordenia with those on Mondi Group.
BRUSSELS, Oct 2- Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.
Oct 2- Penske Automotive Group Inc:. corp to operate car rental facilities in Memphis. *In connection with Hertz deal, co amended credit agreement for additional.
*Department of Justice drops DaVita inquiry. *Says usao completed its investigation and is not taking any action against. *United States attorney's office for St. Louis informed co that the usao.
LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.
BANGKOK-- The price of oil approached $93 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months. Benchmark oil for November delivery was up 21 cents to $92.69 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.