That's right. A McDonald's Big Mac can go a long way to helping to understand the world's currency conundrum. Here's how.» Read More
LONDON-- A Russian man has claimed responsibility for scrawling graffiti on a mural by modern American master Mark Rothko at London's Tate Modern museum, saying Monday he never intended to decrease the work's value. The defaced painting was one of a series intended to decorate the Four Seasons restaurant in New York.
LONDON, Oct 8- Aer Lingus Group PLC:. *Aer Lingus statement regarding pension discussions. *Continues to be engaged in the lrc process in order to find an appropriate.
Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.
BIRMINGHAM, England, Oct 8- Britain is prepared to explore the possibility of France and Germany both having equal, single-digit stakes in any merger between defence firms EADS and BAE Systems, Defence Secretary Philip Hammond said on Monday. "I think if we were at that position it would be possible to construct something.
FRANKFURT, Oct 8- Germany's markets regulator signalled support for the proposals of an EU advisory group led by Bank of Finland Governor Erkki Liikanen, which called last week for banks' deposit-taking business to be legally separated from higher-risk activities.
LONDON, Oct 8- A UBS trader raised the issue of a "slush account" in an electronic chat with Kweku Adoboli months before he was arrested over allegations he lost the Swiss bank $2.3 billion, a London court heard on Monday.
*FTSE 100 index finishes 0.5 percent lower. *Charts signal FTSE's uptrend intact. were down 0.4 percent after the World Bank cut its growth forecasts for China and as investors prepared for third-quarter earnings, which kick off on Tuesday in the United States with results from aluminium company Alcoa.
LONDON, Oct 8- British surgeons removed a teenager's stomach to save her life after she drank a cocktail made with liquid nitrogen during a night out with friends, police said.
NEW YORK-- Shares of Vringo, which buys and licenses patents, jumped more than 16 percent in heavy trading Monday, after the company said it filed a patent infringement lawsuit against ZTE Corp.' s U.K. subsidiary.
*World Bank says China economic slowdown may worsen. NEW YORK, Oct 8- Oil prices eased on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.
LONDON, Oct 8- Sanofi Pasteur MSD, the vaccine joint venture of Sanofi and Merck& Co, has recalled some batches of its typhoid vaccine because of concerns about effectiveness, Britain's drug regulator said on Monday.
LONDON-- He's taken heat for talking about moving from France to Belgium to avoid high taxes _ and now he's raising eyebrows with an honor from the British Queen. Bernard Arnault, the luxury goods chief who is France's wealthiest man, is set to receive an honorary knighthood in Britain.
LONDON/ PARIS, Oct 8- Britain, France and Germany pushed on with talks on Monday aiming to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS. Plans by Airbus parent EADS and UK arms firm BAE Systems to create the world's largest aerospace and defence company must overcome a knot of political concerns over security and jobs.
*World Bank downgrade to Asia forecasts hits stock markets* Several traders favour buying on dip vs selling on rally* Investors brace for weak Q3 European earnings season By Sudip Kar-Gupta.
U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season.
*Benedict Silverman selling important art collection. LONDON, Oct 8- A U.S. art collector whose 20th century paintings from Germany and Austria are valued at more than 100 million pounds has attacked what he called "trophy hunters" who have driven prices higher and created a bubble in the market.
STOCKHOLM, Oct 8- Scientists from Britain and Japan shared a Nobel Prize on Monday for the discovery that adult cells can be transformed back into embryo-like stem cells that may one day regrow tissue in damaged brains, hearts or other organs.
PARIS, Oct 8- France must be given the option of buying shares from media group Lagardere as part of a proposed merger between EADS and BAE, a French government source said on Monday. "If France does not even have the possibility to consider buying the stake which Lagardere wants to sell, then for us it is not doable," the source said.
LONDON, Oct 8- Concerns of a collateral shortfall may have been overplayed as the universe of AAA/AA bonds growing by around USD1trn per year according to analysts at JP Morgan. The IMF predicts that USD9trn of AAA/AA assets will disappear from the market by 2016 as further sovereign issuers suffer downgrades.
LONDON, Oct 8- Carillion PLC:. *Has been named as the preferred bidder for the Birmingham energy savers. *The eight-year bes contract is estimated to be initially worth up to Â £600.