A Ukrainian rebel leader said that pro-Russian rebels had missiles of the type the U.S. says shot down a commercial plane.» Read More
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.
*UK, Sweden, free-marketeers strongly opposed. The initiative, pushed hard by Germany and France but strongly opposed by Britain, Sweden and other free-marketeers, gained critical mass at a European Union finance ministers' meeting in Luxembourg, when more than the required nine states agreed to use a treaty provision to launch the tax.
LONDON, Oct 9- Rio Tinto PLC:.
DAMAGES: A police blogger unmasked after the Times of London hacked his email has been awarded 42,500 pounds in damages from the newspaper's publisher, News International. WHAT HAPPENED: The Times unmasked Richard Horton as the detective behind the award-winning "NightJack" blog, which provided a rare, behind-the-scenes look at policing in Britain.
LONDON, Oct 9- British economic output is likely to be "basically flat" this year, but should strengthen as lower inflation boosts consumers' disposable income, Bank of England policymaker Paul Fisher said on Tuesday.
FORT WORTH, Texas-- Less than two weeks after announcing plans to slash its operations in Mexico, Cash America is adding new pawn shops in the U.S. The Fort Worth, Texas, company said Tuesday that it has signed two deals for 34 locations, in Tennessee, North Carolina, Kentucky and Arizona, for $68 million to $72 million.
--Greece- based dairy manufacturer Fage Dairy Industry S.A. has changed its domicile to Luxembourg and renamed itself FAGE International S.A.. --At the same time, revenues and EBITDA coming from Greece continue to decline as Fage's U.S. operations are rapidly growing.
LONDON, Oct 9- Britain's economy probably grew at its fastest pace in over two years during the third quarter of 2012, but it is likely to slow sharply in future, the country's leading macroeconomic think tank said on Tuesday.
LONDON, Oct 9- Oil rose over $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.
*High investor demands keeps costs down for sponsors* Issuance may hit $7 bln this year By Sarah Mortimer. LONDON, Oct 9- The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.