"I am sympathetic to the concerns that they faced. Having said all that, yes, I think they made a mistake," Obama said of Sony's decision.» Read More
Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.
*Yen dips on worries about Japan, importer selling. Traders said many investors were seeking to buy the dollar on any dip in its value, targeting a rise to 83- 84 yen in the coming months as bets grow that the Bank of Japan will have to take additional monetary easing measures to fight off deflation.
*Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.
LONDON- Britain threatened on Thursday to veto any deal on the European Union budget that is not good for the British taxpayer, a day after a humiliating defeat in parliament undermined Prime Minister David Cameron's authority.
BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).
BEIJING/ SEOUL, Nov 1- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.
LONDON, Nov 1- European shares edged up on Thursday, bolstered by gains in major luxury goods stocks such as Richemont and in telecoms company BT, which kept its earnings forecast. Trading volumes, however, were thin due to public holidays in France, Italy, Spain and parts of Germany.
*Euro still hobbled by uncertainty over Spain, Greece. Traders said many investors were seeking to buy the dollar on dips, targeting a rise to 83- 84 yen in the coming months as bets grow that the Bank of Japan will have to take additional monetary easing measures to fight off deflation.
LONDON, Nov 1- Europe's top oil company Royal Dutch Shell is seeing signs of a weak European economy ``all around us,'' the company's finance director Simon Henry said during a third-quarter results conference call on Thursday.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell, seen as having some of the best output growth assets in the business, joined its peers in suffering lower production in the third quarter.
*China official manufacturing PMI, HSBC final PMI pick up. LONDON, Nov 1- European shares opened higher on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro inched lower as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.
BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.
LONDON, Nov 1- European shares edged up on Thursday, bolstered by a string of upbeat earnings reports from UK companies including heavyweight oil major Royal Dutch Shell. Trading volumes were expected, however, to be thin due to public holidays in France, Italy, Spain and parts of Germany.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices, a fall in output and special charges outweighed stronger margins in refining.
LONDON, Nov 1- World No. 2 oil company Royal Dutch/Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices and charges outweighed stronger margins in refining. Shell reported CCS net profit of $6.1 billion, down from $7.2 billion a year ago.
LONDON, Nov 1- European stock index futures pointed to a flat-to-lower open on Thursday, in what is expected to be a light session due to public holidays in part of mainland Europe. At 0703 GMT, futures for the Euro STOXX 50 were down 0.3 percent, contracts on Germany's DAX were down 0.1 percent and futures on France's CAC were flat.
LONDON, Nov 1- Spain's ``bad bank'' will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid's attempts to overcome the wider economic crisis. Spain is setting up the bad bank, known by the acronym SAREB, under a plan to cleanse the banking system of toxic property assets.
*PMIs from India, Indonesia, Taiwan improve. TOKYO, Nov 1- Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend even if it lacked punch.
FERC says may fine Barclays $470 million. LONDON, Oct 31- Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank's financial probity and also said its profit was hit by charges for mis-selling insurance.
*France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Nov 1- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.