Jim Cramer lifts up the market hood to figure out what is behind Tuesday's market rally. Hint: It's not earnings...or industrials» Read More
LONDON, Oct 12- Brevan Howard, one of the world's top hedge fund firms which three years ago moved its main office to lower-tax Geneva, is back hunting for a new home in London amid signs some traders are missing the city's buzzing nightlife.
Oct 12- Fitch Ratings has assigned Ukrainian-based mining and metals company Fintest Trading Co Limited Long-term foreign and local currency Issuer Default Ratings of' B'. The ratings are not constrained by Ukraine's sovereign ceiling so an upgrade of the sovereign ceiling would not automatically lead to an upgrade of the company's IDR.
SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.
Flybe adds 7.5 percent as Europe's largest regional airline says it performed in line with revised guidance in the second quarter. Tethys Petroleum drops 16.4 percent as the explorer reveals preliminary data from its AKD07 appraisal well in Kazakhstan, which traders say looks slightly disappointing.
*Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.
By Sarah White and Luke Jeffs. "There have been huge obstacles preventing us from making a first distribution from the general estate to unsecured creditors," said Tony Lomas, the lead administrator of Lehman Europe at PwC.
COALEY PEAK, England, Oct 12- Senseless massacre to some, a necessary evil to others, a plan to cull thousands of wild badgers to stem the spread of tuberculosis in cattle is sharply dividing rural England.
MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.
LONDON, Oct 12- Christie's raised 41.2 million pounds from its combined London sales of post-war, contemporary and Italian art late on Thursday, towards the lower end of pre-sale estimates and down on the equivalent auctions of 2011..
TOKYO, Oct 12- Bundesbank President Jens Weidmann, who has been at odds with the German government over its support of ECB bond-buying, pulled out of a news conference with Finance Minister Wolfgang Schaeuble on Friday for the second time in less than a month.
MILAN, Oct 12- Italy's air conditioning company Delclima denied on Friday it had entered bid talks with Riello, a maker of heating and air conditioning products.
LONDON, Oct 12- A Swiss Re- backed micro-insurance project that provides weather insurance for crops in Kenya has been expanded to Rwanda, the companies involved said on Friday.
India's Essar Oil has offered its first November loading cargo which will make it the company's fifth diesel export in two years.
Oct 12- Coca-Cola Hellenic's decision to relocate from Greece to Switzerland, and the recent relocation by fellow Greek corporate FAGE, are limited precedents for other eurozone corporates for now, despite incentives to reduce share price discounts or protect against the risk of a full-blown sovereign crisis, Fitch Ratings says.
BRUSSELS, Oct 12- The euro zone should consider pooling some limited short-term borrowing as well as a separate budget that could be used to deal with economic problems in individual countries, according to a report prepared for EU leaders who will meet next week.
PRAGUE, Oct 12- Russian steelmaker Evraz has temporarily shut its Czech steel production line due to low demand and the company's effort to run down its raw materials inventory, a spokesman said on Friday. The Vitkovice steel mill is a key customer of the Czech unit of ArcelorMittal which supplies it with raw materials.
ATHENS, Oct 12- Greece will auction 1.25 billion euros of three-month T-bills next Tuesday, the country's debt agency PDMA said on Friday. Monthly T-bill sales are Greece's sole remaining source of market funding. Greek banks buy the bulk of them to deposit them as collateral to draw liquidity from the European Central Bank.
*FTSE 100 down 0.1 percent. LONDON, Oct 12- Britain's FTSE 100 eased on Friday, with a second profit warning in a week from the engineering sector underscoring concerns about the health of third quarter earnings in the face of slowing global and domestic demand. ,pushed other engineering companies to the top of the FTSE 100 fallers list.
PARIS, Oct 12- French carmaker Renault, which brought scandal upon itself by falsely accusing executives of spying, had prepared draft statements in case they killed themselves, it emerged on Friday.
Oct 12-=============================================================================== Summary analysis-- Mosenergo-------------------------------- 12- Oct-2012=============================================================================== CREDIT RATING: BB/Stable/-- Country: Russia Primary SIC: Electric Services Mult. The rating on Russian electricity and heat generator Mosenergo reflects the company's stand-alone credit profile, which Standard& Poor's Ratings Services assesses at' bb-'.