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Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.
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Swiss bank UBS is close to a settlement with U.S. and U.K. authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the NYT reported.
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The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.
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MADRID, Dec 3- Spain's Telefonica SA is working on plans to list 10-15 percent of its Latin American unit, its chief executive said in an interview with the Financial Times published on Monday.
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BEIJING/ LONDON- China's economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of factory surveys suggest, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world. (ECONOMY-GLOBAL/PMI, expect by 0800 GMT/ 3 AM ET, 800 words). -CHINA- PMI/, moved, by Lucy Hornby, 800 words.
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Financial spreadbetters expect Britain's FTSE 100 to open 20 to 21 points higher, or 0.4 percent, Germany's DAX to open around 35 points higher, or 0.5 percent, and France's CAC 40 to open 18 to 19 points higher, or 0.5 percent.
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*UK rival Barclays fined $453 million in June. Britain's Barclays Plc was fined $453 million in June for manipulating Libor benchmark interest rates, and remains the only bank to settle in the investigation, which led to th e resignation of the bank's chairman and chief executive.
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*Middle East tensions continue to be supportive to oil. NEW YORK, Dec 3- Brent oil prices turned lower in choppy trading on Monday as weak U.S. manufacturing data pulled crude futures back after supportive Chinese economic data and Middle East tensions had sparked a rally.
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*Turkey takes 90 pct of Iran's natural gas exports. ISTANBUL, Dec 3- Turkey will continue to buy natural gas from Iran despite the prospect of tighter U.S. sanctions, Turkish Prime Minister Tayyip Erdogan said, indicating the measures are not likely to have much impact on the countries' gold-for-gas trade.
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Boris Johnson has launched an offensive against France's central bank governor, accusing him of a "naked attempt to steal London's financial crown," the Financial Times reports.
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Dec 2- Swiss bank UBS AG is close to a settlement with U.S. and British authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the New York Times reported.
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SINGAPORE, Dec 3- London copper rallied to its highest in six weeks on Monday as promising manufacturing data from top consumer China fuelled a cautious return in investors' appetite for the metal, although worries over U.S. fiscal woes kept a lid on gains. Three-month copper on the London Metal Exchange climbed 0.20 percent to $8,010.00 a tonne by 0308 GMT.
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MELBOURNE, Dec 3- Australia faces an uphill battle to capture a greater share of tax revenue from multinationals such as Google and needs to work with its trading partners to avoid scaring away investors with an image as a high tax nation, tax lawyers and specialists say.
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NEW YORK, Dec 2- The chief executive of News International, the scandal-hit British newspaper arm of Rupert Murdoch's News Corp, will step down at the end of the year, the company said on Sunday. Tom Mockridge, who has served as News International's CEO since July 2011, is leaving the company to pursue outside opportunities, News Corp said in a statement.
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SINGAPORE, Dec 3- London copper was steady on Monday, sitting near its highest level in more than five weeks hit in the previous session, after promising manufacturing data from top consumer China, but worries over U.S. fiscal woes kept a lid on prices.
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NEW YORK/ SINGAPORE, Dec 3- Singapore Airlines said on Monday it was in talks with interested parties to sell its 49 percent stake in British carrier Virgin Atlantic, with sources revealing that Delta Air Lines Inc was among the potential suitors.
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NEW YORK/ LONDON, Dec 2- Delta Air Lines Inc has held recent talks to buy a 49 percent stake in British carrier Virgin Atlantic that is currently held by Singapore Airlines, two people familiar with the matter said on Sunday.
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The United States and Russia contribute about half the company's output. In the United States, and particularly the Gulf of Mexico, the UK- based industry No. 4 by value became a pariah after its 2010 oil spill there. In Russia, where BP is more heavily invested than rivals, BP has had disagreements with its 50-50 partners in TNK-BP, privately-owned AAR.
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LONDON, Dec 3- A committee of UK lawmakers has called on government to crack down on multinational companies that make substantial sales in Britain but pay little tax here, echoing demands from leaders across Europe for measures to tackle corporate tax avoidance.
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NEW YORK/ LONDON, Dec 2- Delta Air Lines Inc has held talks to buy a 49 percent stake in British carrier Virgin Atlantic that is currently held by Singapore Airlines, two people familiar with the matter said on Sunday.
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*Wall Street responds to concern by foreign clients over U.S. regulation. SINGAPORE, Dec 3- Wall Street banks are looking to help offshore clients sidestep new U.S. rules designed to safeguard the world's $640 trillion over-the-counter derivatives market, taking advantage of an exemption that risks undermining U.S. regulators' efforts.