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Europe News London

  • LONDON- 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, gloomy data shows. ( EUROPE- ECONOMY/, moved, by Andy Bruce, 640 words).

  • *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. Federal Reserve, the promise of bond buying by the European Central Bank and stimulus measures in Japan and China.

  • LONDON, Nov 6- Natural gas will struggle beyond niche applications in U.S. transport despite a widening discount to rival fuels, given a shortfall in distribution compared with gasoline, biofuels and electric vehicles. Shale gas production has up-ended power generation, under-cutting the economics of older coal plants and new nuclear.

  • *Robusta hits lowest level since March, Vietnam crop weighs. LONDON, Nov 6- Robusta coffee futures on Liffe fell to an eight-month low on Tuesday with the market weighed by the prospect of a large harvest in Vietnam while ICE arabica coffee turned higher after setting a 4-1/ 2 month low during the prior session.

  • 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.

  • 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.

  • *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.

  • London Banking Jobs Will Plummet in 2013: Economist

    Rob Harbron, economist at CEBR, tells CNBC that 13,000 London banking jobs will be lost in 2013.

  • 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.

  • *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.

  • *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.

  • 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.

  • 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.

  • 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.

  • 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.