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.» Read More
Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.
LONDON, Oct 3- Key Euribor and Libor bank-to-bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
PARIS, Oct 3- European stocks edged down on Wednesday, adding to the previous session's losses, weighed down by doubts about whether Spain will soon request a bailout and further signs of a slowdown in China and Europe.
*Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.
LONDON, Oct 3- A consortium led by private equity firm 3 i has kicked off the sale process for its majority stake in French medical-diagnostics company Labco, banking sources said on Wednesday.
*Economy Minister de Guindos to meet London investors. MADRID, Oct 3- Spain's Economy Minister Luis de Guindos will meet investors in London on Thursday in the hope of tempting them to buy into the country's newly-formed bad bank that will house billions of euros worth of soured real estate assets.
*Says Home Office to select alternative supplier. LONDON, Oct 3- British outsourcing firm Capita. Capita shares, which started the day 18 percent up on three months ago, were down 2 percent to 760 pence in heavy trade at 1114 GMT, the biggest FTSE100 faller.
LONDON, Oct 3- Britain's biggest mobile operator EE said on Wednesday it would launch the country's first superfast mobile broadband service at the end of October.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1054 GMT.
Brasher, who will start in February 2013, will take over the retailer as it fights to defend market share from domestic rivals, including the local unit of U.S. retailer Wal-Mart. Shares of Kumba Iron Ore fall more than 2 percent after a union says that workers at the company's Sishen mine in South Africa's Northern Cape province have gone on an illegal strike.
*FirstGroup shares fall 18 pct; company says followed guidelines.
*Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.
*FTSE 100 edges up 0.1 percent, lifted by bank and mining stocks. The blue-chip FTSE 100 index was up 0.1 percent, or 4.25 points, at 5,813.70 points around midday. Signs of the index holding above the 5,800 point level-- seen by many technical traders as key to propelling further gains-- have enabled modest, short-term increases on the FTSE 100 this week.
China's official services PMI slowed to 53.7 percent in September from 56.3 in August, highlighting the economy's seventh straight quarter of slowdown, while Australia posted weak export data.
LONDON, Oct 3- British prompt gas prices rose to a one-week high on Wednesday as a drop in flows from liquefied natural gas terminals and low imports from the Netherlands and Norway left the market undersupplied. Gas for within-day delivery rose 1.20 pence to 61.70 pence per therm at 1014 GMT, the highest since Sept. 26, while day-ahead gas.
*Spread betters offering 179- 189 pence range. LONDON, Oct 3- Order books for the London stock market listing of Royal Bank of Scotland's insurance business, Direct Line Group, have been covered three days into a nine day investor roadshow, sources close to the transaction said on Wednesday.
LONDON, Oct 3- The London Stock Exchange's. Kevin Milne, who headed post-trade services at the LSE until June, has become chief executive of Rate Validation Services, a Singapore- based firm that provides benchmark rates to investment banks, the company said in a statement.
The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region. Bank of Nova Scotia named Troy Wright as president and chief executive of its Mexican unit, Grupo Financiero Scotiabank Mexico, on Tuesday.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1000 GMT.