The EU has agreed a landmark target to cut greenhouse gas emissions, the FT reports.» Read More
LONDON, Oct 12- Royal Bank of Scotland said Spain's Santander has pulled out of its 1.65- billion-pound deal to buy 316 UK RBS branches in a blow to the state-backed British bank.
Wheat for December delivery fell 29.25 cents to finish at $8.5675 per bushel. The weekend rains are expected to help winter wheat crops that have been plagued by dry weather in western Kansas, western Nebraska and eastern Colorado.
PARIS-- The Paris prosecutor's office says it has opened a preliminary investigation into scarf and bag maker Hermes' claim that luxury giant LVMH Moet Hennessy Louis Vuitton engaged in insider trading and share manipulation when it took a stake in its rival.
Oct 12- Standard& Poor's Ratings Services today said that its ratings on JPMorgan Chase& Co. are not affected by the company's third-quarter results, which were above our expectations, given current operating conditions. Standard& Poor's adjusted pretax earnings were roughly $7.3 billion, up from roughly $3.9 billion in the prior-year period.
ROME, Oct 12- Fondo Strategico Italiano and a group Italian investors plan to make an offer for a "significant" minority stake in Finmeccanica power engineering unit AnsaldoEnergia, the state-backed fund said in a statement on Friday.
LONDON, Oct 12- Royal Bank of Scotland said Spain's Santander has pulled out of its 1.65- billion-pound deal to buy 316 UK RBS branches in a big blow to the state-backed British bank. RBS said it will restart the sale process, which had been ordered by European authorities as a cost for Britain's rescue of RBS back in 2008..
*Discussions have split controlling Peugeot family- report. The U.S. and French automakers have discussed combinations including a joint venture between GM's Opel division and Peugeot's core manufacturing arm, according to three people with knowledge of the matter.
ROME, Oct 12- Italy's Ilva steel plant must limit annual production and shut down Europe's biggest blast furnace for upgrades in order to get an environmental license to operate, according to the Environment Ministry.
Nine other euro zone states joined France and Germany-- which have strongly pushed the measure-- in approving the tax at a European Union finance ministers meeting in Brussels this week, despite vocal opposition from Britain and Sweden. After heavy diplomatic pressure from Berlin, Spain and Italy agreed to support the measure, as well as Slovakia and Estonia.
LONDON, Oct 12- Britain's public broadcaster, the BBC, is to launch two internal inquiries into allegations that its late presenter Jimmy Savile, a household name to millions, used his fame to sexually abuse children over four decades, the corporation said on Friday.
ROME, Oct 12- Fondo Strategico Italiano and two Italian investors plan to make an offer for a "significant" minority stake in Italian defense group Finmeccanica's AnsaldoEnergia, the investment fund said in a statement on Friday.
PARIS, Oct 12- Paris prosecutors have launched a preliminary criminal investigation into the conditions surrounding luxury group LVMH's building of a stake in bag maker Hermes, the Paris prosecutor's office said on Friday.
CHARLESTON, W.Va.-- The Greenbrier resort is buying one of the nation's oldest golf courses after it failed to sell at auction over the summer, the resort's owner told The Associated Press on Friday. Greenbrier owner Jim Justice confirmed the purchase of Oakhurst Links.
The settlements "will add more collateral to a heavy amount already floating around," said Roseanne Briggen, market analyst at IFR, a Thomson Reuters unit. Markets ignored S&P's two-step downgrade of Spanish debt, reasoning that the downgrade would nudge Spain closer to requesting a bailout from the European Central Bank.
*Worries persist over whether Spain will request aid. Treasuries prices rose on Friday as data showed muted underlying U.S. inflation, with investors looking ahead to a key European summit, a possible bailout request from Spain and more data in the week ahead. Some analysts said Spain could put off asking for help.
BRUSSELS, Oct 12- The European Union provisionally approved new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector, industry and shipping.
PARIS, Oct 12- STMicroelectronics said it was not planning to split itself up contrary to a report that Europe's top semiconductor maker was considering a breakup, which sent its shares up by nearly a fifth.
PARIS, Oct 12- Paris prosecutors have launched a preliminary criminal investigation into the conditions surrounding luxury group LVMH's building of a stake in bag maker Hermes, the Paris prosecutor's office said on Friday. The move comes after Hermes last month asked prosecutors to open a probe into alleged insider trading and share manipulation by LVMH.
*JPMorgan's Dimon: housing has turned a corner. NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Barack Obama's re-election hopes next month.