LONDON, Dec 1- European shares edged higher on Tuesday, with UK- listed banks gaining after the Bank of England announced the results of its bank "stress tests" and said credit conditions in the country had largely recovered from the financial crisis. Shares in Standard Chartered Bank, Lloyds Group, Royal Bank of Scotland, HSBC and Barclays rose 1.2 to 2.7 percent,...» Read More
Satellite provider Eutelsat agreed with media services company Arqiva to block the Irib channels as of Monday morning because of "reinforced EU council sanctions" Eutelsat spokeswoman Vanessa O'Connor said. Irib's access to Eutelsat was via a contract with Arqiva.
NEW YORK-- PepsiCo Inc. should give investors a snapshot of the company's progress in bolstering its flagship brands this year when it reports its third quarter results Wednesday. As a result, PepsiCo this year launched a major marketing campaign enlisting pop stars and athletes to rejuvenate the image of its namesake soda.
VILNIUS, Lithuania-- Lithuanians have dealt a blow to the conservative government's vision of a nation that would become a regional energy powerhouse and a member of the euro. Instead, they voted Sunday for politicians likely to dump austerity and rejected a plan to build a nuclear plant that could have made the country a net energy exporter.
_ 2010: Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, of Britain and Cyprus, for their analysis of markets with search frictions. _ 2005: Robert J. Aumann, of Israel and the United States, and American Thomas C. Schelling, for their work in game-theory analysis.
STOCKHOLM-- Americans Alvin Roth and Lloyd Shapley were awarded the Nobel economics prize on Monday for research that helps explain the market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients. Roth, 60, is a professor at Harvard University in Boston.
WASHINGTON-- U.S. businesses likely increased their stockpiles in August, a sign of higher confidence in the economy. The Commerce Department will release the report at 10 a.m. EDT on Monday. Total business stockpiles rose to $1.59 trillion in July.
LONDON-- A round of figures showing China's economy is in relatively good health helped buoy markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain. After a lackluster trading session in Asia, the news on China encouraged investors in Europe.
WASHINGTON-- Retail sales likely showed a gain in September, helped by solid demand at auto dealerships. Economists were expecting overall sales to increase 0.8 percent in September, according to FactSet. The Commerce Department will release the report at 8:30 a.m. EDT on Monday.
MILAN-- U.S. farm and industrial vehicle group CNH has rejected a merger proposal from its parent, Fiat Industrial, the Italian company said in a statement Monday.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
BERLIN-- Germany's tax on households' electricity bills to finance the expansion of renewable energies will rise almost 50 percent on the year as the country pushes ahead with phasing out nuclear power within a decade. That brings the annual cost of financing Germany's energy switchover for a family of four to about 250 per year, including sales tax.
STOCKHOLM-- Volvo Cars, owned by China's Geely Holding Group, has decided to temporarily halt production at its main Swedish plant for one week as demand in the automotive market continues to slip in recession-hit Europe. The Goteborg- based carmaker says Monday the production halt will affect some 3,300 employees and will last from Oct. 29 to Nov. 2.
LISBON, Portugal-- Portugal's government is putting the finishing touches to a draft budget for next year which is expected to be one of the toughest in the country's recent history. The finance minister has said the spending plan will include an "enormous" increase in taxes as well as further cuts in public services and civil service layoffs.
BAKU, Azerbaijan-- Azerbaijan's top energy official urged further scrutiny of the international consortium developing the Caspian Sea nation's main oil field amid mounting irritation at a slump in output.
LJUBLJANA, Slovenia-- Andrej Plut has always thought he was fortunate to live in Slovenia, at one time the most prosperous of the former republics of Yugoslavia and a star among the eastern European states that joined the EU after the fall of communism.
While the global economic crisis that began in 2008 has shown few signs of abating in pockets, particularly in Europe, the luxury sector overall has been in recovery since 2010, when high-end consumers resumed their easy spending habits.
MUMBAI, India-- India's inflation accelerated to 7.8 percent in September after the government hiked subsidized fuel prices to rein in the budget deficit. "Core inflation has remained sticky," said Sonal Varma, economist at Nomura Financial Advisory and Securities in Mumbai. "
By afternoon in Europe, benchmark oil for November delivery was down 11 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. Benchmark oil fell 21 cents Friday to settle at $91.86 per barrel on the Nymex. Brent crude, which is used to price international varieties of oil, added 57 cents to $115.19 per barrel in London.
STOCKHOLM-- A Swedish committee is getting ready to present the winners of the Nobel Memorial Prize in Economic Sciences, the last of this year's Nobel awards to be announced. The economics prize was not among the original prizes established in the will of Alfred Nobel, a Swedish industrialist also known for inventing dynamite.
LEWISTON, Maine-- A Maine brewery is planning an expansion that will quadruple its capacity over time. Baxter Brewing Co. said Monday its brewery in Lewiston will grow from 8,000 barrels to more than 33,000 barrels by the time the expansion is complete.