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Latest Business News Wires - Business Headlines


  • HONG KONG, Nov 6- China is expected to soon resume stockpiling of some base metals, including copper and aluminium, buying them from domestic smelters hurt by weak demand, industry sources said on Tuesday.

  • *NYSE Euronext costs fall $82 mln year-to-date. NYSE Euronext said on Tuesday it smashed its 2012 cost cut target of $63 million by taking out $82 million of expenses, a third of the $250 million the exchange has pledged to cut by 2014..

  • LONDON, Nov 6- Security firm G4S, whose reputation was tarnished earlier this year by its failure to provide enough guards for the London Olympic Games, said it was fighting back thanks to strong emerging markets and new UK contracts.

  • Polls indicate the race between President Barack Obama and Republican challenger Mitt Romney will be very close with the risk of a change in fiscal and monetary policy in the world's largest economy keeping investors on the sidelines.

  • PRECIOUS-Gold hovers near 9-week low; eyes U.S. vote Tuesday, 6 Nov 2012 | 11:27 AM ET

    LONDON, Nov 6- Gold steadied near a nine-week low on Tuesday as investors assessed potential policy impact from the neck-and-neck U.S. presidential election, while a strike in Greece to protest austerity cuts also kept sentiment cautious. Spot gold rose 0.36 percent to $1,690.30 by 1127 GMT, but stayed close to Monday's nine-week low of $1,672.24.

  • UPDATE 4-Oil steadies around $108 as U.S. votes Tuesday, 6 Nov 2012 | 11:20 AM ET

    *Greece funding deal unlikely next week- source. LONDON, Nov 6- Brent crude held around $108 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.

  • FRANKFURT, Nov 6- The European Central Bank is set to leave interest rates unchanged on Thursday, deferring a cut in borrowing costs that would risk undermining the impact of Mario Draghi's signature policy a year into his ECB presidency.

  • 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.