The Deputy Head of Ukraine's National Bank, Dmitry Sologub, told CNBC that that the country's economic model has broken and is in need of domestic reforms.» Read More
NEW YORK-- Airport services provider ABM Industries Inc. said Tuesday that it reached a deal to buy Air Serv Corp. for about $158 million in cash. The company provides facility management services for airlines and freight companies at over 50 airports throughout the U.S. and United Kingdom. ABM shares fell 1 cent to $18.29 in morning trading.
LONDON, Oct 9- Alleged rogue trader Kweku Adoboli exposed Swiss bank UBS to billions of dollars of hidden market risk for weeks on end, peaking at nearly $12 billion on Aug. 8 last year, a London court heard on Tuesday.
*Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world's largest consumer of key commodities.
NEW YORK, Oct 9- Oil prices rose more than 1 percent on Tuesday, after two sessions with lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.
LONDON, Oct 9- European shares fell in thin trade on Tuesday as gloomy economic data and corporate reports set the backdrop for a tough start to the third-quarter reporting season in the United States.
LONDON, Oct 9- Ryanair said it would not be taking part in the sale of London's Stansted airport after the airport's owner, BAA, excluded the budget airline from the process. Ryanair had previously stated that it had held talks with potential bidders for Stansted after it was asked to consider acquiring a minority stake as part of a consortium.
RIYADH, Saudi Arabia-- Saudi Arabia's oil minister said Tuesday his country has the ability to meet existing and future demand for oil, seeking to alleviate concerns about supply and cut prices. Brent crude, which is used to price international varieties of oil, was trading above $113 a barrel in London on Tuesday.
October 9- Following are terms and conditions. of a bond priced on Tuesday.
JOHANNESBURG-- African leaders joined thousands of Ugandans Tuesday on an airstrip in the capital of Kampala where 50 years ago Uganda announced independence from British rule.
LONDON, Oct 9- European shares extended losses to a session low on Tuesday, led by falls on Wall Street as concerns around the outlook for corporate earnings continued to weigh on sentiment, sending investors into safehaven government bonds.
By Andrew Callus and Douglas Busvine. LONDON/ MOSCOW, Oct 9- The billionaires who co-own Russian oil venture TNK-BP and want to buy out partner BP have told the British company they would rather sell their half of the $50 billion business than end up in a devalued partnership with state-backed rival bidder Rosneft.
Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.
LUXEMBOURG-- Europe made little progress Tuesday in its efforts to secure the region's stricken financial system and ensure that failing banks never risk an entire country's economy again when finance ministers from the 27- country European Union failed to agree on how a single banking supervisor should be set up.
LONDON, Oct 9- Gold prices trimmed their losses on Tuesday, but stayed under pressure as concerns over the euro zone's peripheral economies sent the euro to session lows versus the dollar.
LONDON, Oct 9- TF& JH Braime Holdings PLC:. *Confirms that marcus mills has been appointed as Finance director of co. *Appointment effecttive from the date of this announcement.
NEW YORK-- The price of oil is rising on concerns about supplies from the Middle East and the North Sea. Benchmark crude is up $1.46 to $90.79 a barrel in New York Tuesday. There is also concern that an escalation of the situation in Syria could disrupt supplies from the Middle East.
LONDON, Oct 9- Ryanair Holdings PLC:. *Ryanair withdraws from stansted sale process. *Will not participate in the sale process or seek a minority stake.
Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.
LONDON, Oct 9- Standard Chartered PLC:. *Standard chrtrd plc- Standard Chartered upper tier 2 tender offer. *Invited holders of the notes to tender any and all of the notes for.
*Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France.