Tomila Lankina, associate professor at the London School Economics, says that by leaving for a scheduled trip to China, the Ukrainian president is signalling he feels secure.» Read More
LONDON, Oct 24- European policymakers are discovering the difficulty of curbing a biofuel industry they weaned five years ago as a low-carbon alternative to crude oil but which is increasingly at odds with the environment and food production. To halt or put into reverse a $22 billion European biofuel industry requires a sound justification.
LONDON, Oct 24- The euro fell to a one-week low against the dollar on Wednesday after worse-than-expected German business activity and sentiment data fuelled concerns of weakness in the euro zone's largest economy.
*Worst of China growth slowdown may be over. LONDON, Oct 24- The euro zone's biggest member Germany is being sucked into the bloc's worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating.
BERLIN, Oct 24- Germany is rushing to purchase a stake in EADS by year-end, fearful that the owner of the shares, carmaker Daimler, could unload them on the open market and hurt Berlin's influence in the aerospace group, a government document obtained by Reuters showed.
Oil supplies grew last week by 5.9 million barrels, or 1.6 percent, the Energy Department said. Benchmark oil fell $1.04 or 1.2 percent, to $85.63 per barrel. Brent crude fell 11 cents to $108.14 per barrel in London.
*Group beer volumes fall in western Europe, rise elsewhere. *Shares down 2.6 pct, among weakest in Europe. BRUSSELS, Oct 24- Heineken NV, the world's third-largest brewer, reported stronger than expected third-quarter group revenue on Wednesday, boosted by U.S. and emerging market strength and price hikes, but investors focused on weakness in Europe.
LONDON, Oct 24- Bankers will likely pick up $30- $50 million for their work on Russian state-owned oil group Rosneft's $55 billion takeover of TNK-BP, according to Freeman Consulting. Data from Thomson Reuters and Freeman showed fees average about $35 million on $10 billion deals, smaller than the TNK-BP.
LONDON, Oct 24- London copper rose from a six-week low on signs of recovery in top consumer China, though gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange edged up 0.51 percent to $7,871 a tonne by 1015 GMT.
*Germany sells 3.3 bln euros of 10- yr bonds, demand good.
*Iran, Nigeria supply concerns underpin prices. LONDON, Oct 24- Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual recovery in the world's No. 2 oil consumer, though weak European data kept the gain slim. Brent crude was up 40 cents at $108.65 a barrel by 1020 GMT.
LONDON, Oct 24- Gold prices hovered near a seven-week low on Wednesday as a weak reading of the German economy lifted the dollar versus the euro, while dealers awaited the U.S. Spot gold was at $1,708.90 an ounce at 1023 GMT against $1,708.09 late in New York on Tuesday, while U.S. gold futures for December delivery were up 30 cents an ounce at $1,709.70.
NEW YORK-- THE SALE: Nike has found a buyer for its Umbro brand, known for its soccer jerseys, in Iconix Brand Group Inc. The clothing licensing company is purchasing Umbro for $225 million. SHEDDING ASSETS: Nike Inc. said in May that it planned to sell the Umbro and Cole Haan brands to cut costs and focus on its namesake brand, along with Jordan, Converse and Hurley.
*More countries follow lead set by Britain and Italy. LONDON, Oct 24- Fifty percent off the first three months of cancer medicine. ``Special offers'' on prescription medicines are all the rage in state-backed healthcare systems across Europe as governments struggle to balance the books.
LONDON, Oct 24- European shares inched higher on Wednesday, steadying after the previous session's sharp sell-off, as encouraging data out of China offset downbeat German economic numbers and earnings worries.
LONDON-- The latest James Bond movie is getting its world premiere in London on Tuesday, with Prince Charles on hand to give it a royal seal of approval. Daniel Craig was the first of the film's stars to arrive at the screening at the Royal Albert Hall in central London, where he was joined by co-stars Judi Dench, Javier Bardem, and Naomie Harris.
MIDLAND, Mich.-- Shares of Dow Chemical jumped 6 percent in premarket trading Wednesday after the company announced significant restructuring plans.
BEIJING, Oct 24- China's economy is making a slow, steady recovery from its weakest period of growth in three years, a survey of purchasing managers signalled on Wednesday, with new orders and output at their highest in months.
BEIJING, Oct 24- China's economy is making a slow, steady recovery from its weakest period of growth in three years, a survey of purchasing managers signalled on Thursday, with new orders and output at their highest in months.
CANBERRA, Australia-- The head of the Australian subsidiary of Huawei Technologies Ltd. has urged Australia not to be swayed by report from the U.S. Congress that referred to the Chinese telecommunications giant as a potential security risk.
BEIJING, Oct 24- China's manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show.