Jeffrey Halley, Senior Manager FX Trading of Saxo Capital Markets, says chances of a "Grexit are pretty high now" and explains what that means for the euro.» Read More
LONDON/ PARIS, Oct 8- A group of seven multinational companies has told the British government that they could halt their investment in the UK green energy sector if state support for renewable energy wanes.
LONDON, Oct 8- Richland Resources Ltd:. *Tanzania ministry has informed co it will not provide support to mining. *Ministry informed co it will not provide support until claim for unpaid.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's veteran president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.
MOSCOW, Oct 8- Gazprom on Monday launched the second line of the Nord Stream pipeline which brings Russian gas to Germany via the bed of the Baltic Sea, but actual gas volumes remained unchanged due to lack of sufficient growth in demand.
By Matt Falloon and Guy Faulconbridge. BIRMINGHAM, England, Oct 8- Britain's Conservatives would slash government spending on welfare by 10 billion pounds a year if re-elected, finance minister George Osborne said on Monday, though he offered few ideas on how to bring the economy out of recession.
LONDON, Oct 8- Dexion Equity Alternative Ltd:. *Alt.- recommended proposals for a voluntary winding up. *Believes it is appropriate to proceed directly with members' voluntary.
By Marc Jones and Aimee Donnellan. LONDON, Oct 8- The European Central Bank will end its second covered bond purchase programme at the start of November as planned, euro zone monetary sources say, despite having spent less than half the money set aside for it.
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. **GREEN DOT CORP, $10.55, down 17.9 pct. **NETSPEND HOLDINGS INC, $10.00, down 6.98 pct.
Oct 8- Vringo Infrastructure Inc, a unit of mobile phone software maker Vringo Inc, filed a patent infringement lawsuit against the UK unit of Chinese telecommunications equipment maker ZTE Corp, driving up Vringo's shares by as much as 21 percent in early trading.
LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering for early January.
OSLO, Oct 8- Output from the Royal Dutch Shell- operated Nyhamna gas processing plant in Norway would be reduced on Tuesday, after it experience an unplanned outage on Monday, the gas system operator Gassco said. The plant, which processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain, was expected to restart by 2000 GMT on Monday.
*Britain to adopt similar moves sooner. BRUSSELS, Oct 8- The European Commission may draw up rules for rescuing and closing down failing clearing houses and insurers, as regulators across the world seek to prevent collapsed businesses from wreaking havoc in financial markets.
*World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.
Oct 8- Fitch Ratings has affirmed European Rail Finance Holdings Limited's Long-term Issuer Default Rating at' BBB+' with a Stable Outlook and simultaneously withdrawn the rating. The bonds are guaranteed by EIL, ERFL Holdings, and other companies, all owned by EIL, together known as Eversholt Rail Group.
BRUSSELS, Oct 8- The European Union accused the United States of breaching confidentiality surrounding the filing of economically sensitive documents on the funding of the Airbus A350 in the latest twist to a long-running aircraft subsidy dispute.
LONDON, Oct 8- A UBS analyst who queried deals booked by accused fraudster Kweku Adoboli thought his trading desk was "very messy" but did not suspect anything illegal, a London court heard on Monday. Adoboli, 32, is on trial at Southwark Crown Court accused of fraud and false accounting that cost UBS $2.3 billion.
LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.
*Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.
LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering in early January.