Thomas Friedman, New York Times columnist, weighs in on the strength of the U.S. economy. I believe a huge stimulus would be if both parties got together and did some kind of grand bargain, Friedman says.» Read More
*Economy Minister to meet potential investors in London. MADRID, Oct 3- Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a' bad bank' that will house billions of euros of the country's soured real estate assets.
*China, Europe services PMI disappoint. LONDON, Oct 3- Oil fell sharply on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen $3.27 to $108.30 a barrel by 1454 GMT.
The latest expansion in global output was heavily reliant on the United States, where economic activity rose at the fastest pace since March, JPMorgan said. Britain, Brazil, Russia and Ireland also saw output increase. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.
*Jimmy Savile, household name in UK, knighted by queen. *But child abuse claims have shattered his public image By Michael Holden.
LONDON, Oct 3- The European Banking Authority said on Wednesday that lenders across the European Union will have to maintain a capital buffer equivalent to 9 percent of their risk-weighted assets indefinitely.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, revealed the details of its initial public offering both in Moscow and London in a deal seen as a test for equity raising by other domestic banks.
Following are details of the JPMorgan Global Purchasing All-Industry Output Index for September. GLOBAL SERVICES PMI PMI Jobs Orders Inp Prc Backlogs Aug 52.0 51.4 50.8 58.3 49.0 Sept 54.0 49.6 52.8 59.7 47.1 GLOBAL COMPOSITE PMI PMI Orders Jobs Inp Prc Aug 50.9 49.8 50.9 56.2 Sept 52.5 51.6 49.9 58.0.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
*First female FTSE CEO to step down at year end. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would be sold "over my dead body".
LONDON, Oct 3- A close colleague of accused UBS. "rogue trader" Kweku Adoboli was interviewed by police as a suspect, a London court heard on Wednesday. Simon Taylor, who was a junior trader on the ETFs desk, was cross-examined on Wednesday by Adoboli's lawyer Charles Sherrard.
The commission voted 3-0, with two members absent, to approve a 15- year contract with Rhode Island- based GTECH that is expected to make $1.7 billion in profit over five years _ a $500 million increase over state projections. GTECH already provides and maintains vending machines for the Hoosier Lottery.
Oct 3- Fitch Ratings has affirmed PICTS plc's notes as follows:. The affirmation reflects the stable performance of Lloyds TSB Banking Group plc as reflected in its rating, of which Halifax Bank of Scotland is a wholly owned subsidiary.
LONDON, Oct 3- Theo Fennell PLC:. *Panel has consented to an extension of the deadline. *The company remains in offer discussions with eme.
LONDON-- Markets remained subdued Wednesday despite some moderately encouraging U.S. jobs figures as investors awaited a key government report later in the week and more clarity over Spain's request for a bailout.
LONDON, Oct 3- Finland's export credit agency Finnvera is set to become the country's latest sub-sovereign issuer when it executes its first transaction under a new euro medium-term note programme later this year.
*Pushes forward with growth drive in U.S. and Asia. LONDON, Oct 3- Brokerage Marex Spectron aims to at least double revenue under a newly appointed chief executive as it pushes forward with a growth drive in the United States and Asia and focuses on its strongest suit, commodities.
Oct 3- American Depository Shares of Luxfer Holdings Plc, a British maker of high-performance materials and gas cylinders, rose 17 percent in their market debut, a day after the company priced its initial public offering below its expected price range.
MOSCOW, Oct 3- Russian precious metals miner Polymetal is likely to discuss in December whether to pay a special dividend, Chief Executive Vitaly Nesis said on Wednesday. The company, which joined London's FTSE 100 index last year, has a policy of paying a dividend of 20 percent of net earnings if the ratio for net debt to adjusted EBITDA is below 1.75.
LONDON-- A Python and the founder of Gorillaz are trying to help opera shed its stuffy image. Monty Python's Terry Gilliam and Blur and Gorillaz singer Damon Albarn are supporting a plan by the English National Opera to entice new and younger audience members with the promise of casual clothes, cheap tickets and cocktails.
LONDON, Oct 3- France's Areva has dropped out of the race to buy British nuclear new-build project Horizon, the company said on Wednesday, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding.