EU stocks posted their first weekly loss in five weeks on Friday, hit by ongoing turmoil in the Ukraine and disappointment in the lack of action from the ECB.» Read More
EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems, he told Germany's Bild daily.
LONDON, Oct 4- Russia's largest bank Sberbank. Barclays is coordinating Sberbank's three-year loan, which is the largest such deal in the central and eastern European pipeline, the bankers added. Bank of Tokyo-Mitsubishi UFJ, Barclays, Citi, HSBC, ING, JP Morgan, WestLB, Goldman Sachs, Bank of America Merrill Lynch and SMBC participated in the 2011 deal.
DETROIT, Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
LONDON, Oct 4- A planned competition probe of Britain's motor insurance market could reduce insurers' profits and hinder their ability to repay debt, credit rating agency Moody's said on Thursday.
*Rebel crisis fuels tension in Africa's most volatile region. KIGALI, Oct 4- President Paul Kagame said on Thursday Western governments were "dead wrong" in blaming Rwanda for the rebellion in neighbouring eastern Congo and threatening Kigali with aid cuts, and he pledged to stand firm against his accusers.
JX Holdings Inc fell 1.6 percent to 434 yen after a source said Pan Pacific Copper Co, its joint venture with Mitsui Mining and Smelting, has cut its term premium for copper by 15 percent from last year to $85 per tonne for Chinese clients' 2013 shipments.
MOSCOW, Oct 4- Russian state-run diamond miner Alrosa aims to refinance between $1.3 billion and $1.4 billion of short-tern debt by the end of the year, company spokesman Andrey Polyakov said on Thursday after the company reported first-half results.
*One of largest energy projects in Bosnia. Five bidders came from China: China Machinery Engineering Corporation, Harbin Electric International, Sepco Electric Power Construction Corp., and two consortia led by China Gezhouba Group Corp and Sepco III Electric Power Construction Corporation.
LONDON, Oct 4- A Director General at the European Commission has asked the chair of European Insurance and Occupational Pensions Authority to review capital charges under Solvency II, particularly for SME financing, infrastructure financing, and socially responsible investment.
DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.
Trading house Marubeni Corp gained 1.4 percent to 498 yen after Barclays Securities lifted its price target on the stock to 700 yen from 650, saying the company had lower exposure to resources businesses than its peers. to 1,860 yen from 2,000, Mitsui& Co to 1,320 yen from 1,350, Sumitomo Corp to 1,190 yen from 1,230, and Itochu Corp to 1,070 yen from 1,100..
LONDON, Oct 4- The failure of one Britain's big banks would still wreak market havoc and leave taxpayers on the hook as more needs to be done to curb their complexity and risks, the country's top banking supervisor said on Thursday.
Oct 4- Light-vehicle sales in the U.S., one of the steady bright spots in the economy this year, improved meaningfully in September for the second consecutive month, after softening somewhat in July, said Standard& Poor's Ratings Services in a report published yesterday on RatingsDirect titled, "September U.S.
Oct 4- Pfizer Inc said a late-stage trial of its vaccine to protect against pneumococcal bacteria suggested it would also work in adults aged 18-49, thereby possibly expanding its sales.
SINGAPORE, Oct 4- India's Oil and Natural Gas Corp has sold 35,000 tonnes of naphtha to Total for Oct. 26-27 loading from Hazira at around $30 a tonne above Middle East quotes on a free-on-board basis, down from previous sales for the month.
*Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
LONDON, Oct 4- An EU expert group on bank structural reform this week threw its weight behind the idea of introducing a separate layer of bail-inable bank debt as policymakers try to address the problem of "too big to fail".
LONDON, Oct 4- Britain's takeover regulator has given a consortium bidding for housebuilder Redrow an extra two weeks to decide whether to make a takeover offer for the company.