European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.» Read More
LONDON, Oct 4- Russian Urals crude strengthened on Thursday as traders cited scarce remaining barrels from the October programme and increased refining runs in Russia and Europe. "I think the market will tighten for November-December as refiners come back on stream in Russia, so you would see less barrels for exports," a trader with a major said.
BRUSSELS, Oct 4- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp.
*Morgan Stanley in commodities talks with Qatar for a year. DUBAI/ LONDON, Oct 4- Morgan Stanley's talks with Qatar's sovereign wealth fund over the sale of its commodities business have run into difficulty, and the deal may need to be reworked if it is to go ahead, banking sources said.
*Indian drug makers such as Lupin. *Lupin falls 3.3 percent, Cipla. falls 2.5 percent, while Glenmark Pharmaceuticals.
ROME, Oct 4- Three companies have expressed interest in the Italian smelter of U.S. aluminium group Alcoa, an Italian junior minister said on Thursday as the Italian government looks around for a buyer for the troubled plant. Alcoa has decided to shut its aluminium smelter in Sardinia, blaming high power prices for undermining its competitiveness.
Oct 4- Louis Dreyfus Group and a unit of JPMorgan Chase& Co have agreed to sell their jointly owned energy trading business to two investor groups, the companies said on Thursday.
Oct 3- Fitch Ratings has upgraded the Issuer Default Ratings of CF Industries Holdings, Inc.. and CF Industries Inc. to' BBB' from' BBB-'. A slump in corn production caused by this past season's drought and high temperatures have combined with speculation to push corn prices up to $7.50/ bushel from $5/ bushel last June.
MILAN, Oct 3- The troubled Italian smelter of aluminium group Alcoa will be able to continue using special contracts allowing it to buy electricity at lower prices until 2015 following a decision on Wednesday by the European Commission.
Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.
MILAN, Oct 3- The troubled Italian smelter of aluminium group Alcoa will be able to continue using special contracts allowing it to buy electricity at lower prices until 2015 following a decision on Wednesday by the European Commission. Alcoa has decided to shut its aluminium smelter in Sardinia, blaming high power prices for undermining its competitiveness.
*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.
BRUSSELS, Oct 3- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp.
*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.
BRUSSELS, Oct 3- EU antitrust regulators will decide by Nov. 8 whether to clear commodities trader Glencore's. $33 billion takeover of miner Xstrata, the European Commission said on its website on Wednesday.
*Britain's FTSE 100 index is seen opening 9 to 14 points lower, or as much as 0.2 percent, on Wednesday, according to financial bookmakers.
MOSCOW, Oct 3- Here are events and news stories that could move Russian markets on Wednesday. EVENTS: MOSCOW- Russia Calling VTB Capital investment conference. MOSCOW- Press conference by Aeroflot Chief Executive Vitaly Savelyev and SAP executives.
LONDON, Oct 3- Polski Koncern Naftowy Orlen SA:. *Signed spot agreement with Glencore Energy UK ltd, London, UK. *Net value of the agreement amounts to approximately USD 80 million.
Vikram Chakravarty, Partner at A.T. Kearney thinks the Glencore-Xstrata deal will come through, and explains why he thinks there is a strategic fit between the two companies.
LONDON, Oct 2- Trader Glencore has formally notified the European Commission of its $33 billion plan to take over miner Xstrata, sources familiar with the matter said, after months of preliminary talks designed to pave the way for a swift approval.
SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.