NEW YORK-- Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. On the New York Mercantile Exchange:. Benchmark crude fell $3.75, or 4.1 percent, to finish at $88.14 per barrel.
The asset management and investment firm hired vetran brokers E.H. Stanley Jr. and Geddings H. Crawford Jr, who previously worked at Morgan Stanley Wealth Management, the brokerage majority-owned by Morgan Stanley. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.
*Economy Minister to meet potential investors in London. MADRID, Oct 3- Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a' bad bank' that will house billions of euros of the country's soured real estate assets.
is entering into a US $100 million revolving credit facility and a US $250 million term loan to refinance its existing credit facilities as part of its C $1.1 billion management buyout, backed by funds from London- based private equity investor Apax Partners LLP.
By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.
*Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.
LONDON, Oct 3- Britain's Halfords Group picked former Pets at Home boss Matt Davies as its new chief executive, to drive a sales recovery at the car parts and cycles retailer.
Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.
LONDON, Oct 3- Clean tanker rates for refined petroleum products on top export routes were mostly weaker on Wednesday with the transatlantic market hit by growing availability of vessels.
LONDON, Oct 3- Halfords Group PLC:.
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and weak petroleum demand, even as supportive U.S. data strengthened the dollar.
BRUSSELS, Oct 3- Britain warned on Wednesday it would be unacceptable for the European Central Bank to have too dominant a role in a new system of supervision designed to watch over the region's banks.
"The tighter October loading schedule has pushed the front-end of the Brent CFD curve into steep backwardation while Platts is assessing Forties at the highest premiums to the 10-25 day Brent strip since late August," said Eugene Lindell, senior crude market analyst at JBC Energy in Vienna. Total bid Oct. 20-24 Forties to dated plus 45 cents and.
LONDON, Oct 3- Crude oil tanker earnings on the major Middle East route were weaker on Wednesday as slow business and a surplus of vessel availability took their toll on rate sentiment.
LONDON, Oct 3- The discovery by NASA rover Curiosity of evidence that water once flowed on Mars- the most Earth-like planet in the solar system- should intensify interest in what the future could hold for mankind.
By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a target for banks to raise more capital to help shield them from the euro zone debt crisis, despite pressure to ease it.
LONDON, Sept 7- The discovery by NASA rover Curiosity of evidence that water once flowed on Mars- the most Earth-like planet in the solar system- should intensify interest in what the future could hold for mankind.
By Neil Maidment LONDON, Oct 3- British outsourcing firm Capita. The trade union representing staff under Capita's existing contract said the coalition government is likely to award the deal to Tata Consultancy Services, part of India's salt-to-steel conglomerate Tata Group.
LONDON, Oct 3- European shares edged lower on Wednesday as the twin concerns of Spain, focal point of the regional debt crisis, and global growth capped momentum and kept indexes within their recent tight trading ranges.
LONDON-- Europe's banks have raised an extra 205 billion in fresh capital since December in a bid to meet new rules aimed at strengthening the ailing sector, an EU regulator said Wednesday.