Tomila Lankina, associate professor at the London School Economics, says that by leaving for a scheduled trip to China, the Ukrainian president is signalling he feels secure.» Read More
--In our view, Luxembourg- based insurer The West of England Ship Owners Mutual Insurance Association has good financial flexibility and improved capitalization, offset by a historically marginal operating performance and its concentration on a volatile insurance class.
Another top executive at the JPMorgan unit that lost $5.8 billion on derivatives trades this year is leaving the company. The real estate investment manager named Jeroen Verheijden as a senior vice-president to spearhead the company's client business in the UK, the euro zone and the Middle East.
LONDON, Oct 2- The Republic of Poland, rated A2/A-/A-, will price a new 12- year euro benchmark well inside where it first started to sound out investors after demand reached over EUR3.3bn.
Oct 02-=============================================================================== Ratings-- West of England---------------------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: Country: Luxembourg Local currency BBB-/Stable/-- Primary SIC: Fire, marine, and casualty insurance=============================================================================== Credit Rating History: Local currency Foreign currency 02- Oct-2012 BBB-/----/-- 01- Oct-2012 NR/----/-- 23- Jan-2012 BBpi/----/--=============================================================================== Issues: Rating Rating Date Finl Strength Rtg BBB-/Stable 02- Oct-2012 ().
LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.
COPENHAGEN, Oct 2- Danish wind turbine manufacturer Vestas said on Tuesday it had received a 68 megawatt turbine order for a wind project in Britain. The order was for 34 units of the V90-2.0 MW turbine for the Keadby Wind Farm project in Lincolnshire, Vestas said in a statement.
Oct 02-=============================================================================== Summary analysis-- Ship Luxco 3 S.a.r.l.------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: B+/ Stable/B Country: United Kingdom Primary SIC: Computer related services, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Aug-2011 B+/ B B+/ B 08- Sep-2010--/----/--=============================================================================== Rationale.
Spot gold was up 0.3 percent on the day at $1,778.89 an ounce by 0945 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.
LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.
*Volcker will compare and contrast U.S., UK regulation. LONDON, Oct 2- Paul Volcker, the former U.S. Volcker, who led the Fed under presidents Jimmy Carter and Ronald Reagan, has been at the forefront of recent regulatory attempts to reform the U.S. banking system and will compare and contrast banking practices in Britain and the United States.
LONDON, Oct 2- Barclays is changing its retail and business banking structure under new Chief Executive Antony Jenkins and has appointed the separate heads of retail banking and credit cards to its executive committee.
BRUSSELS, Oct 2- Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.
LONDON, Oct 2- Britain's financial regulator, the Financial Services Authority, has proposed reforms of its listing rules to tighten up the requirements on reverse takeovers in a bid to better protect investors.
Credit Suisse strategists maintain a "small underweight" position on European banking shares while cutting their stance on European insurers to "benchmark" from "overweight", citing risks to the sectors from the euro zone debt crisis, amid other factors.
LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.
OSLO, Oct 2- Norwegian gas exports to Europe rose early on Tuesday because of higher flows to France, but that was partly offset by a fall in deliveries to Britain. Exports to Europe including Britain were up by 14.7 million cubic metres to 274.1 mcm per day at 0800 GMT, compared with the day before, data from Norway's gas system operator Gassco showed.
LONDON, Oct 2- Victrex PLC:. *Mirabaud puts Victrex onto its "best ideas" list. * "If we are right, then Victrex is a business that already has close to a global monopoly in the supply of a high value product, the end markets for which have strong growth potential," Mirabaud writes in a note.
LONDON, Oct 2- The Republic of Poland has opened books on its new 12- year Eurobond with official guidance set at mid-swaps plus 145 bp area, said an official managing the deal. Commerzbank, HSBC, ING and SG CIB received indications of interest totalling EUR2.5bn when sounding out investors earlier on Tuesday morning at swaps plus 150 bp area.
LONDON, Oct 2- Cosalt PLC:. *Court granted further extension for legal documentation to be finalised for. co, calum melville, stuart Melville settlement.
BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.