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  • LANCASTER, England, Oct 29- Britain's construction sector, the main drag on the economy so far this year, should improve soon, Bank of England policymaker Ben Broadbent said on Monday. According to official data, Britain endured its second recession in four years between October 2011 and June 2012, when construction output slumped.

  • Global regulators probe how banks tot up risks Monday, 29 Oct 2012 | 8:00 PM ET

    LONDON, Oct 29- Global banking regulators are investigating why banks use such a wide variety of ways to assess risk amid fears the current method for calculating capital safety cushions is not safe and is being gamed.

  • WASHINGTON, Oct 29- The U.S. Supreme Court said on Monday it will take the rare step of considering a tax case, one with hundreds of millions of dollars at stake and broad implications for companies with businesses abroad an d for the Internal Revenue Service.

  • LONDON, Oct 29- Ex-trader Kweku Adoboli told a court on Monday his bosses at UBS, including senior executive Carsten Kengeter, had been pushing him to take more risks when he took positions that eventually cost the Swiss bank $2.3 billion.

  • UPDATE 2-Barclays Libor case to go to trial Monday, 29 Oct 2012 | 6:25 PM ET

    *Guardian Care Homes says wrongly sold interest rate swaps. LONDON, Oct 29- Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday.

  • NEW YORK/ LONDON, Oct 29- Arabica coffee futures trading on ICE turned higher after hitting a four-month low on Monday, on concern about possible flooding in areas where stocks are stored on the U.S. East Coast and as the market approached a key support level.

  • LONDON, Oct 29- The departure of Anglo American's chief executive has revived talk of radical ways for the miner to boost its flagging share price, even going as far as a break-up of the group.

  • European shares fall as hurricane batters insurers Monday, 29 Oct 2012 | 4:34 PM ET

    LONDON, Oct 29- European stocks fell on Monday, led by insurers on expectations the sector will see profits hit hard by clean-up costs resulting from a huge hurricane nearing the United States.

  • LONDON, 29- Britain's Pearson and Germany's Bertelsmann are to merge their publishers Penguin and Random House, aiming to gain the upper hand in their relationship with Amazon and Apple, the leaders in the ebook revolution.

  • *U.S. East Coast refineries shutting ahead of hurricane. NEW YORK, Oct 29- U.S. gasoline futures jumped as much as 4 percent while benchmark Brent crude was little changed on Monday as over two-thirds of the East Coast refining sector shut down ahead of Hurricane Sandy.

  • *Euro falls on worries over Greece, Spain. The euro was down slightly versus the dollar, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid.

  • LONDON, Oct 29- Palladium is heading for its biggest one-month drop since May in October as a weak demand picture for the autocatalyst metal reins in gains made on the back of U.S. monetary stimulus and a sharply higher platinum price.

  • US bond market closed on Tuesday for Sandy Monday, 29 Oct 2012 | 3:14 PM ET

    NEW YORK, Oct 29- The Securities Industry and Financial Markets Association recommended on Monday that the U.S. bond market stay closed on Tuesday Oct. 30 due to Hurricane Sandy.

  • LONDON, Oct 29- Ex-trader Kweku Adoboli said on Monday that others at UBS, including senior executive Carsten Kengeter, had influenced his trading in the summer of 2011, when he took positions that eventually cost the Swiss bank $2.3 billion.

  • LONDON, 29- Britain's Pearson and Germany's Bertelsmann are to merge their publishing units, Penguin and Random House, to recover ground lost to technology groups Amazon and Apple, the leaders in the ebook revolution.

  • MUMBAI, Oct 29- Essar Energy plans to refinance up to $1.5 billion worth of its rupee debt overseas within six months, its chief executive said on Monday, as the India- focused group concentrates on improving its balance sheet after a turbulent period of heavy capital spending and regulatory setbacks.

  • WASHINGTON, Oct 29- The Supreme Court agreed on Monday to consider whether a U.S. company is entitled to a tax credit when it pays a so-called ``windfall tax'' imposed by the United Kingdom.

  • WASHINGTON, Oct 29- The Supreme Court agreed on Monday to consider whether a U.S. company is entitled to a tax credit when it pays a so-called ``windfall tax'' imposed by the United Kingdom.

  • UPDATE 1-Reuters Business News Schedule at 1330 GMT Monday, 29 Oct 2012 | 1:54 PM ET

    NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.

  • Reuters Business News Schedule at 1330 GMT Monday, 29 Oct 2012 | 1:49 PM ET

    1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.