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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • LONDON, Nov 6- London's financial sector will lay off 13,000 staff in 2013 after a weak year for dealmaking, a study forecast on Tuesday, slashing employment in one of the UK's key economic motors to its lowest since the early 1990 s.

  • *Europe's big economies see no improvement going into Q4. *Ireland, Italy represent few bright spots. LONDON, Nov 6- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, surveys showed on Tuesday.

  • UPDATE 1-France acts to bolster industry Tuesday, 6 Nov 2012 | 10:34 AM ET

    PARIS, Nov 6- France's Socialist government unveiled measures to bolster the struggling industrial sector and make exporters more competitive but Tuesday's package fell short of the shock therapy industry leaders are urging.

  • Chief Executive Norbert Reithofer said conditions were weakening, after the German company posted a 14 percent rise in third-quarter profit on Tuesday that beat analysts' forecasts.

  • NY: Postal delivery returns to the Rockaways Tuesday, 6 Nov 2012 | 10:21 AM ET

    NEW YORK-- Postal officials have announced that letter carriers from Inwood, Arverne, Rockaway Beach, Rockaway Park and Breezy Point will attempt to make deliveries in the Rockaways.

  • *China spot copper demand still sluggish. Worries about a fiscal cliff in the U.S., an upcoming leadership transition in China and Greece's strike over a new austerity package also kept sentiment in check.

  • *Anger, resignation on streets of Athens. ATHENS, Nov 6- Hundreds of thousands of Greeks began a crippling 48- hour strike on Tuesday to protest against a new round of wage and pension cuts that parliament is expected to approve narrowly a day later.

  • Yuan softens before close on possible intervention Tuesday, 6 Nov 2012 | 9:51 AM ET

    SHANGHAI, Nov 6- The yuan closed two points weaker on Tuesday thanks to a last minute bout of dollar buying, but otherwise hugged the strong side of its trading band over the course of the day. The People's Bank of China set its midpoint at 6.3078 p er dollar on Tuesday morning, slightly firmer than Monday's fix, despite a strengthening trend in the dollar index.

  • UPDATE 3-Crude holds over $107 as U.S. votes Tuesday, 6 Nov 2012 | 9:50 AM ET

    *Greece funding deal unlikely next week- source. LONDON, Nov 6- Brent crude held over $107 per barrel on Tuesday, as uncertainty ahead of the U.S. elections and renewed worries about Greece and the euro zone crisis headed traders' concerns.

  • European equities up on firmer tech, leisure shares Tuesday, 6 Nov 2012 | 9:44 AM ET

    LONDON, Nov 6- Stronger travel and tech stocks helped European equities to advance on Tuesday and charts signalled more gains, although uncertainty about the outcome of the U.S. election is likely to cap moves throughout the session. President Barack Obama and Republican challenger Mitt Romney will have a close fight in Tuesday's election.

  • China consumer outlook for jobs, income fall-survey Tuesday, 6 Nov 2012 | 9:41 AM ET

    Despite employment uncertainty, a slight increase in willingness to spend was recorded in the survey of 3,500 Chinese consumers by global information firm, Nielsen, as inflation pressure eased, income growth expanded in double digits and government rebate programmes supported spending.

  • FRANKFURT, Nov 6- Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and next.

  • *2013 budget deficit seen at 6 pct vs 4.5 pct by Spain. MADRID, Nov 6- The European Commission has set dire economic forecasts for Spain until 2014, a newspaper reported on Tuesday, shooting down the targets set out by Madrid and potentially pushing it closer to seeking euro zone aid.

  • LONDON, Nov 6- Low-risk German government bonds edged up, with investors wary of placing big bets before Tuesday's close-run U.S. election and a Greek parliamentary vote on crucial austerity measures.

  • *Gazprom still faces challenge over ``take-or-pay'' clauses. MOSCOW/ WARSAW, Nov 6- Gazprom has reached a new agreement with Polish natural gas monopoly PGNiG on pricing of Russian gas deliveries to Poland, ending its last major pricing dispute in Europe.

  • LONDON, Nov 6- The euro fell to a two-month low against the dollar on Tuesday, with the outlook for the single currency clouded by uncertainty over a parliamentary vote in Greece on budget and labour reforms. Opinion polls show Barack Obama and Republican challenger Mitt Romney in a dead heat, although the president has a slight advantage in several swing states.

  • YOKOHAMA, Japan, Nov 6- Counting the cost of anti-Japanese protests in a territorial dispute with China, Nissan Motor Co cut its full-year net profit forecast by a fifth to $3.99 billion, and said it had lost share in its biggest market.

  • *HSBC slides after saying U.S. fine may exceed $1.5 bln. HONG KONG, Nov 6- Hong Kong shares slipped further from 2012 highs as investors took profits in some recent outperformers, with turnover subdued ahead of the U.S. presidential election later on Tuesday.

  • LONDON, Nov 6- World shares and the dollar steadied on Tuesday as investors waited for the U.S. election result, while uncertainty over Greece's next aid payment kept the euro at a two-month low. The MSCI index of world stocks was steady at 329.88 points as European markets opened.

  • DUBAI, Nov 6- Credit Suisse and Qatar's sovereign wealth fund have set up an asset management joint venture as the gas-rich Gulf state looks to beef up its financial centre and the Swiss bank seeks to tap strong growth in the region.