U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
Nov 5- U.S. health insurer Humana Inc, which has struggled with the costs associated with a rise in membership in its Medicare Advantage program for older people, reported a lower quarterly profit, but said its results were better than it had planned.
ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.
The maker of electronic connectors used in cars and consumer devices earned a net $396 million, or 92 cents per share, in the fiscal fourth quarter ended Sept. 28, compared with $326 million or 75 cents per share a year earlier.
LONDON, Nov 5- Business in Britain's dominant service sector grew at the slowest pace in almost two years in October and optimism about the outlook waned, raising the risk that fragile recovery will falter. In turn, this may prompt the Bank of England to announce more stimulus, although probably not on Thursday.
ANKARA, Nov 5- Turkey's annual inflation rate slowed sharply to 7.8 percent in October as monthly price increases were less than expected despite energy price hikes, giving the central bank room to keep easing policy. Ratings agency Fitch said on Monday that Turkey's economy was heading for a soft landing as it upgraded the country to investment grade status.
LONDON-- Director Danny Boyle has joined leading British arts figures urging a cash-strapped local authority not to sell off a valuable Henry Moore sculpture _ arguing it should be erected in London's Olympic Park instead. "Draped Seated Woman" is owned by London's Tower Hamlets Council and stood for years on a public housing complex in the city's East End.
LONDON, Nov 5- World stocks fell and the dollar firmed on Monday as low-risk assets gained at the start of a week in which the United States elects a new president and Greece must navigate a fraught parliamentary vote to secure fresh rescue funds.
LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.
LONDON, Nov 5- Oil prices slipped to around $105 a barrel on Monday, weighed down by a strong dollar and demand destruction after Superstorm Sandy, while investors remained cautious ahead of the U.S. presidential election. Front-month Brent futures were down 65 cents at $105.03 a barrel at 0946 GMT, while U.S. crude was down 34 cents to $84.52 a barrel.
*PBOC sets weaker midpoint for third day. SHANGHAI, Nov 5- The yuan closed down slightly on Monday but its weakness was largely imposed by the central bank, which fixed a softer midpoint even as customers continued to unload dollars.
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
PARIS, Nov 5- The French government is expected to largely brush aside a review on Monday that will prescribe slashing payroll taxes and loosening labour laws to reverse a long slide in competitiveness that has eaten away at exports and bled factory jobs.
LONDON, Nov 5- Business in Britain's dominant service sector grew at the slowest pace in almost two years in October and optimism about the outlook waned, a survey showed on Monday, pointing to a fragile economic recovery.
LONDON, Nov 5- The euro fell to a near two-month low against a broadly firmer dollar on Monday on uncertainty over a Greek vote on austerity and before this week's U.S. presidential election. The euro fell 0.4 percent to $1.2778, breaking below a reported options barrier at $1.2800 and stop loss sell orders at $1.2780 to mark its lowest since Sept. 11.
VERKHNYAYA SINYACHIKHA, Russia, Nov 5- Factory smokestacks tower over weathered wooden houses in this provincial Russian town, part of the industrial heartland that helped propel Vladimir Putin into the presidency.
*Schatz yields turn negative, Bund futures at two-month high. LONDON, Nov 5- Two-year German bond yields fell below zero on Monday as low-risk assets rallied before an uncertainU.S. presidential election and another make-or-break parliamentary vote in Greece.
*Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.
LONDON, Nov 5- HSBC has taken a $1.15 billion hit to cover a potential U.S. fine for lax anti-money laundering controls and to pay compensation for mis-selling products in Britain, eating into its quarterly profit.
LONDON, Nov 5- European shares fell and the dollar firmed on Monday as low-risk assets gained at the start of a week in which the United States elects a new president and Greece faces a make-or-break parliamentary vote. London's FTSE 100 was down 0.4 percent, Paris's CAC-40 was down 0.7 and Frankfurt's DAX was down 0.6 percent.
LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of the upcoming too-close-to-call presidential election in the United States.