Marine Le Pen, the leader of France's far-right National Front party, insists the annexation of Crimea was a direct result of major errors committed by the EU.» Read More
LONDON, Oct 2- Private equity firm Carlyle is set to hire banks to refinance UK roadside rescue business RAC's debt to pay itself a 260 million pound dividend, people familiar with the situation said on Tuesday.
This is particularly true in the euro area, where the European Central Bank seems to go ever further to support bank liquidity. Reuters parent company Thomson Reuters Corp collects information from banks and uses it to calculate Libor rates according to specifications drawn up by lobby group the British Bankers Association, which will no longer be involved.
A new hurdle to the 27 billion pound tie-up between BAE Systems and EADS was put up by the French on Tuesday as the country's largest industrial shareholder in EADS said that the 60-40 merger terms were unsatisfactory. Stephen Hester, chief executive of Royal Bank of Scotland, has admitted the institution is a "British poster child for what went wrong in banking".
Volcker, architect of the "Volcker Rule" governing so-called proprietary trading by U.S. investment banks, will appear before the commission on Oct. 17 to compare and contrast banking behaviour and practices between Britain and the United States.
MANCHESTER, England, Oct 2- British opposition leader Ed Miliband will cast himself as a humble man of the people on Tuesday in a bid to underscore Prime Minister David Cameron's image as a privileged' posh boy' whose government is out of touch with voters.
LONDON, Oct 2- Following are key findings from the BCC's quarterly economic survey. For the full story, click on 2012 2011 SERVICES Q3 Q2 Q1 Q4 Q3 Home sales 1 10 10 2 0 Home orders -2 5 7 -9 -3 Export sales 19 24 16 10 4 Export orders 15 19 12 -1 -2 Employment expectations 9 12 11 2 6. Investment- plant and mac. 3 5 5 2 1.
*European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.
LONDON, Oct 2- Britain's economy has lost momentum over the past few months, with firms scaling back investment and hiring plans, business lobby BCC said on Tuesday, in another sign that a meaningful economic recovery remains elusive.
LAHORE, Pakistan, Oct 2- Twenty-three years of military service come in handy when Masood Haider gets a call from a suspicious spouse. "What was taken as taboo 20 to 25 years ago is no more taken that way," said Haider, 53, a former army pilot who founded FactFinders, Pakistan's first licensed private detective agency.
LONDON, Oct 1- Banks must undergo a wholesale change in their culture and refocus their behavior on meeting the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.
*UK could use "golden share" to block deal unless terms met. BERLIN/ PARIS, Oct 1- EADS and BAE Systems battled to save their $45 billion merger plan from the crossfire of competing interests on Monday as governments and shareholders staked out positions in talks aimed at creating the world's biggest arms firm.
*Entered into agreement to sell its investor relations business to UK- based.
The Institute for Supply Management, a trade group of purchasing managers, also said its gauge of manufacturing employment rose following a decline in August.
By Chris Reese and Marius Zaharia. NEW YORK/ LONDON, Oct 1- The U.S.
Graz- based contract car manufacturing subsidiary Magna Steyr currently makes the Mini Countryman sports utility vehicle and later this year will also begin producing the Paceman, a sportier coupe version of the SUV, the seventh derivative of the Mini.
Benchmark crude closed up 29 cents at $92.48 in New York. Brent crude, which is used to price international varieties of oil, fell 20 cents to $112.19 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.
By Matt Scuffham and Myles Neligan. LONDON, Oct 1- Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in London's first big retail share offering for six years, although some potential investors are unconvinced.
LONDON, Oct 1- EADS Chief Executive Tom Enders called for negotiators to resolve uncertainty as soon as possible over a planned $45 billion merger with BAE Systems. We cannot go on much longer, "he told an audience at the Royal Academy of Engineering in London. EADS board chairman Arnaud Lagardere, whose Lagardere.
DON'T PANIC: Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit.
Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.