Carlo Gallo, Founder at Enquirisk, says any energy sanctions on Russia are "off the table" as Europe relies heavily on Russian gas.» Read More
On the New York Mercantile Exchange:. _ Benchmark oil closed down $1.83 to $89.88 per barrel. On the ICE Futures Exchange in London:.
Barry Zubrow, who was head of risk management at JPMorgan Chase& Co when the bank was building a dangerously large position in credit derivatives, is retiring. RBC Wealth Management, a division of the Royal Bank of Canada, said on Friday it hired a veteran adviser and manager from UBS Wealth Management Americas, the brokerage owned by the Swiss Bank UBS AG.
CLGL is refinancing its existing capital structure in conjunction with acquisition by private-equity sponsor CVC Capital Partners.
PARIS/ FRANKFURT, Oct 5- Tensions over a supermerger between EADS and BAE Systems spilled into the open on Friday and cast doubt on a rapidly approaching deadline as France, Britain and Germany jockeyed over the role of the state in the world's largest aerospace and arms group.
*GM to decide soon on Opel cost cuts, alliance with PSA. *Opel says aims to source more parts from PSA, not GM. GM fully stands behind Opel, "GM Vice Chairman Stephen Girsky said in a statement sent by email.
*Energy ministry, LUKOIL to meet investors this month. LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry, which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
LONDON, Oct 5- Russian state owned oil company Rosneft will spend a total of $25 billion to modernise its Soviet-built refineries, company chief executive Igor Sechin told investors on Friday, sources familiar with his presentation said. Sechin said $7 billion has already been spent. The remaining $18 billion will be spent over the next five years.
LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
*Staff in Mumbai, Delhi hold protest marches over unpaid salaries. MUMBAI/ NEW DELHI, Oct 5- Debt-strapped Kingfisher Airlines, devoid of a turnaround plan to get back into the air, faced a possible shutdown by the government after extending the grounding of its fleet for another week.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
LONDON, Oct 5- A battle over the shares of French property firm Gecina is about to begin after their 31 percent owners, Alteco and Mag Import, filed one of the biggest bankruptcy actions in Spanish history this week.
LONDON, Oct 5- Russian Urals crude ended the weak on a bullish note on Friday, rising to its strongest levels since early September as traders said October volumes in the Mediterranean were mostly sold out.
PARIS, Oct 5- France will not rule out buying shares from Lagardere that would raise its stake in a merger of EADS and BAE, a French government source said on Friday, raising the prospect of a deal-breaking clash with Britain.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. "An attempt was made to steal crude oil from the Bomu-Bonny trunk line and offload it onto a waiting ship that led to a fire on the line and on the ship on Sunday," a Shell spokesman said.
LONDON, Oct 5- North Sea Forties crude differentials were steady on Friday as traders assessed fresh November loading programmes amid mounting deferrals of October cargoes. This explains why the Forties November loadings do not begin until November 8.
LONDON, Oct 5- Asian spot prices of liquefied natural gas lost more ground this week as weaker import demand across key winter delivery periods forced some producers to sell distressed cargoes at knockdown prices.
PARIS, Oct 5- France will not rule out buying shares from Lagardere that would raise its stake in a merger of EADS and BAE, a French government source said, raising the prospect of a clash with Britain over control of the merged group. Britain, France and Germany are still in disagreement over how to proceed with the proposed merger. Keywords: EADS BAE/ FRANCE STAKE.
TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.
LONDON, Oct 5- Aurubis, Europe's biggest copper smelter, will offer 2013 copper cathode term premiums for its European customers at $86 a tonne, unchanged from levels set in June this year, a spokeswoman for the company said on Friday.
*GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.