Russian oligarchs are becoming increasingly worried about the country's investment climate and economy in general.» Read More
NEW YORK, Sept 19- U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand. Brent crude hovered around $98 a barrel for much of the morning, but saw a rally just before 11 a.m. EDT with prices gaining as much as 76 cents a barrel in the next hour.
*Alibaba up 33 percent in trading debut on heavy volume. NEW YORK, Sept 19- Stock markets around the world were little changed on Friday, paring early advances though equities remained on track for a week of strong gains and Alibaba rallied in its trading debut. Separately, Alibaba Group jumped 33 percent to $90.42 in its debut as one of the biggest IPOs in history.
"I find it inspiring in a way— that tangible creativity you find in painting or performance," says the philanthropist and chairman of L Brands, the company behind Victoria's Secret, Limited and Henri Bendel.
LONDON, Sept 19- The FTSEurofirst 300 index touched its highest level in more than six years on Friday after Scotland voted against independence, but trimmed gains in late trading on profit taking and on speculation about a downgrade of France. Britain's FTSE 100 index also closed up 0.3 percent, although off its intra-day highs.
CINCINNATI— Will Radcliff, who built a multimillion-dollar global business from flavored, icy Slush Puppie drinks, has died in Cincinnati. His daughter DeeAnn Radcliff Harmon said Radcliff died Thursday in hospice care after his health declined following a recent fall.
Parliamentary elections are due next May, with the last-minute pledges made to Scotland in an effort to keep the United Kingdom together expected to complicate the picture. It remains to be seen whether, despite the Scottish vote, investors will now require a greater risk premium to hold UK assets. *Scotland stays in UK, but Britain faces change.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.
NEW YORK, Sept 19- U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand. Brent crude hovered around $98 a barrel, as talk of possible OPEC production cuts kept the benchmark up from the 26- month lows reached at the start of the week.
*Nationalist leader Alex Salmond concedes defeat, resigns. EDINBURGH, Sept 19- Scotland spurned independence in a historic referendum that threatened to rip the United Kingdom apart, sow financial turmoil and diminish Britain's remaining global clout.
LONDON, Sept 19- British financial markets rose and a collective sigh of relief echoed across the investment and business community on Friday after a Scottish vote against independence averted the deep uncertainty a United Kingdom break-up would have unleashed. Royal Bank of Scotland said it had scrapped contingency plans to relocate to England.
EDINBURGH, Sept 19- Scottish nationalist Alex Salmond resigned as leader of his party on Friday and will quit as First Minister of his country after losing an independence referendum. "For me as leader my time is nearly over but for Scotland the campaign continues and the dream will never die," Salmond told reporters in Edinburgh.
LONDON, Sept 19- Europe's FTSEurofirst 300 index hit a 6-1/ 2- year high on Friday after Scotland's vote against independence and Spanish shares outperformed as concerns about the Catalan separatist movement eased.
NEW YORK, Sept 19- Stock markets around the world rose on Friday after Scotland voted to remain in the United Kingdom and removed an element of uncertainty for equity markets, which were on track for a week of strong gains. Investors were also eagerly awaiting the initial public offering of Alibaba Group, slated to debut on the New York Stock Exchange on Friday.
*Scotland to stay in UK, but pound down on profit-taking. NEW YORK, Sept 19- The dollar rose against a basket of major currencies on Friday, on track for its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than expected.
LONDON, Sept 19- The zinc rally has run out of steam. But the benchmark LME three-month price has over the last couple of weeks retreated from above $2,400 per tonne to a current $2,260. The LME's Commitments of Traders Report showed money managers trimming their net long position by 12,271 lots, or 306,775 tonnes, in the week to Sept. 12.
FRANKFURT, Sept 19- Germany's Siemens is considering a bid for compressor and turbine maker Dresser-Rand that could potentially derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to several media reports on Friday.
LONDON, Sept 19- Sterling's rebound on Scotland's rejection of independence on Friday lasted all of about two hours before the realities of the UK's still-complicated political horizon reined in what had until recently been the world's best performing currency.
NEW YORK— Wall Street is opening higher on the day Chinese e-commerce company Alibaba makes its big debut in the stock market. Alibaba begins trading later on the New York Stock Exchange under the ticker "BABA." The British pound weakened against the U.S. dollar after Scotland voted to remain in the United Kingdom.
Edinburgh, Sept 19- People reacted with relief and joy on one side and disappointment laced with bitterness on the other on Friday after Scotland decided to stay part of the United Kingdom in a referendum on independence.
NEW YORK, Sept 19- U.S. stocks were set to rise at the open on Friday after Scotland's vote to remain in the United Kingdom removed market uncertainty and as Alibaba's strong pricing gave support to risk assets. Alibaba priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday.