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Europe News London

  • Chinese Banks Flee London’s Tough Rules

    China’s largest state-owned banks are moving big chunks of their European business to Luxembourg as they seek to escape tougher regulation in the City of London. The FT reports.

  • *NYSE, Nasdaq, other exchanges to open for trade Monday. *NYSE suspends trading floor for first time since 1985. But NYSE said on Sunday afternoon that it would close its physical trading floor operations for the first time since 1985. It will instead trade NYSE- listed securities on its fully electronic exchange, NYSE Arca.

  • *Bank of Japan poised to ease as economy takes a hit. LONDON, Oct 28- The last employment report before the U.S. presidential election is likely to have something for everyone- for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.

  • WASHINGTON, Oct 28- The United States runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public spending.

  • ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.

  • LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.

  • BERLIN, Oct 28- With the U.S. presidential election too close to call, hundreds of thousands of Americans living in Europe have been posting their absentee ballots with a sense that they could truly make a difference on Nov. 6.

  • *BP, Justice Department seek to settle civil, criminal charges.

  • LONDON, Oct 26- Lakhdar Brahimi's holiday truce may have saved Syrian lives on Friday, as government troops and rebels drew breath on several fronts- though dozens still shed blood on Eid al-Adha, the Muslim Feast of Sacrifice.

  • *Hurricane Sandy threat to U.S. Ease Coast. NEW YORK, Oct 26- Brent oil rose a second day on Friday, recovering from an early decline as supportive U.S. economic data coupled with North Sea and Nigerian production problems yielded some relief from concerns about Spain and tepid global demand.

  • Arabica coffee led the losses with a fall of 2 percent in New York, hit by a combination of weak demand, a huge, looming Brazilian crop and technical selling.

  • *Brazil investing heavily to increase energy capacity. BRASILIA, Oct 26- A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.

  • LONDON-- Former media mogul Conrad Black has appeared on a British satirical show, defying the program's mockery of his convictions in the U.S. and claiming innocence. Satirists on the show "Have I Got News For You" made constant jokes at the expense of Black, who used to control papers including the Chicago Sun-Times and Britain's Daily Telegraph.

  • LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book'' trading was done for the benefit of the bank that meant everything to him.

  • *Hurricane Sandy threatens U.S. after slamming Cuba. NEW YORK, Oct 26- Brent oil pushed higher on Friday in choppy trading, recovering from an early decline as supportive U.S. economic data coupled with North Sea and Nigerian production problems yielded some relief from concerns about Spain and tepid global demand.

  • NEW YORK, Oct 26- Gold rebounded on Friday after data showed U.S. economic growth picked up in the third quarter, but the metal was heading for its first three-week losing streak in over a year on uncertainty over the future of the U.S.

  • NEW YORK-- The price of oil rose slightly Friday as data showed the U.S. economy is muddling along while the East Coast prepares for a potentially damaging storm. On the New York Mercantile Exchange:. Benchmark crude rose 23 cents to finish at $86.28 per barrel.

  • The price of oil rose slightly Friday as data showed the U.S. economy is muddling along and the East Coast prepares for a potentially damaging storm. Benchmark oil rose 23 cents to end at $86.28 per barrel Friday.

  • LONDON, Oct 26- European shares eked out small gains on Friday after better-than-expected U.S. economic growth figures helped outweigh the impact on investor sentiment of yet more gloomy corporate outlooks. Ericsson, Renault, Saint Gobain and Publicis among those reporting weak numbers or cutting outlooks in Europe.

  • LONDON, Oct 26- China's imports of iron ore have risen for the past two months, but those of coking coal have dropped for the past three, creating a seeming disconnect between the two key ingredients for steel making.