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Europe News London

  • NEW YORK, Nov 5- Oil prices rose on Monday in very choppy trading as investors remained cautious ahead of the U.S. presidential election and with the recovery from Hurricane Sandy under way in the affected East Coast region.

  • *Greece, U.S. elections underpin demand for safety. LONDON, Nov 5- Two-year German bond yields fell below zero on Monday as low-risk assets rallied before an uncertain U.S. presidential election and another make-or-break parliamentary vote in Greece.

  • Nov 5- Morgan Stanley's co-president of institutional securities, Paul Taubman, will retire at the end of the year, the bank said on Monday, ceding full control of the powerful investment banking and trading operation to his co-president and rival, Colm Kelleher.

  • 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- European shares fell on Monday, as mounting provisions at HSBC hit banks while political uncertainty in Greece also impacted sentiment, with investors avoiding taking large, new positions before the U.S. election.

  • GENEVA, Nov 5- Switzerland's neutrality is being tested as Brussels and Washington raise pressure over gaps in sanctions against Iran, in particular measures against its oil industry.

  • LONDON, Nov 5- International tourist arrivals grew 4 percent between January and August year-on-year and are heading for the 1 billion mark for the first time by December, the UN World Tourism Organization said on Monday.

  • *Robusta hits 8- month low as Vietnam harvest weighs. January robusta coffee futures were off $24 or 1.2 percent at $1,940 a tonne at 1459 GMT after earlier touching $1,935, the lowest level for the second-month since March 7.

  • Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.

  • *Hong Kong's gold shipments to China jump in September. The U.S. elections will be closely watched by financial markets, with incumbent Barack Obama seen as more supportive of continued stimulus measures, while Republican challenger Mitt Romney is expected not to favour additional easing.

  • LONDON, Nov 5- Oil prices dipped towards $105 a barrel on Monday as investors remained cautious ahead of the U.S. presidential election and eyed demand destruction after Superstorm Sandy, whilst a stronger dollar also weighed.

  • Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.

  • LONDON, Nov 5- Stick, twist or fold? ``The total wallet back at the peak was about $14 billion for the banking sector in commodities trading. There were 10-14 banks when it was at $14 billion, now there are really five relevant ones,'' said David Silbert, who leads commodities trading at Deutsche Bank.

  • LONDON, Nov 5- Stick, twist or fold? ``The total wallet back at the peak was about $14 billion for the banking sector in commodities trading. There were 10-14 banks when it was at $14 billion, now there are really five relevant ones,'' said David Silbert, who leads commodities trading at Deutsche Bank.

  • LONDON- 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 says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).

  • LONDON, Nov 5- Superstorm Sandy won't put insurers' finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox, the biggest London- listed reinsurer, said on Monday.

  • *Hong Kong's gold shipments to China jump in September. ``Obama is supporting Bernanke, and is supporting monetary stimulus,'' Saxo Bank vice president Ole Hansen said. Spot gold was at $1,677.69 at 1131 GMT, up 0.08 percent, having earlier touched a nine-week low of $1,672.24, while U.S. gold futures for December rose $3.10 an ounce to $1,678.30.

  • ZURICH/ LONDON Nov 5- The new head of UBS's investment bank has stamped his mark on the division with a management reshuffle, days after the Swiss bank said it was pulling back from fixed income trading and cutting 10,000 jobs.

  • LONDON/ SHANGHAI, Nov 9- Copper hit two-month lows on Monday as the forthcoming U.S. presidential election, a leadership transition in China and two central bank meetings this week kept risk-averse investors on the sidelines of financial markets.

  • 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.