×

Europe News London

  • *Unrest in Turkey- Syria raises regional security worries. LONDON, Oct 4- Brent crude oil rose almost $2 per barrel on Thursday after skirmishes along the Turkey- Syria border raised fresh concerns over the security of Middle Eastern oil supplies.

  • Oct 4- Fitch Ratings has assigned Russian Standard Finance S.A.' s USD350m 10.75% five and a half year subordinated issue of limited recourse loan participation notes, due 10 April 2018, a final' B-' rating and Recovery Rating of' RR6'.

  • LONDON, Oct 4- Retailer United Carpets Group. The company said it had appointed administrators Begbies Traynor and sold the firm to a wholly-owned subsidiary.

  • LONDON, Oct 4- Consumer goods group Unilever Plc/ NV is looking at a possible sale of its Skippy peanut butter business based in the United States and Canada which could, if sold, fetch around $400 million.

  • Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.

  • LONDON, Oct 4- Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business and creating regional chiefs as it positions itself for a more challenging outlook for the industry.

  • LONDON, Oct 4- "Asset managers are emerging from their comfortable burrow to face a battery of lights." Sheila Nicoll, Director of Conduct Policy at Britain's Financial Services Authority, had perhaps been reading Kenneth Grahame before her recent speech, and her words are likely to have sent a chilly wind through the willows of the UK funds industry.

  • NEW YORK, Oct 4- U.S. stocks were set to rise at the open on Thursday after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis.

  • The ECB's decision was widely expected and the market was more focused on what ECB president Mario Draghi will say in his post-meeting news conference about Spain and the prospect that it will trigger the bank's new bond buying programme. "What is key for euro/dollar going forward is going to be Spain," said Michael Sneyd, FX strategist at BNP Paribas.

  • BRDO PRI KRANJU, Slovenia, Oct 4- European Central Bank policymakers did not discuss the possibility of cutting interest rates in the near-term at their meeting on Thursday, ECB President Mario Draghi said. Asked at the post-meeting news conference if there had been any discussion today about a possible rate cut in the months to come, Draghi said: "the answer was no."

  • LONDON, Oct 4- Carlyle Group plans to add 260 million pounds of debt to its UK roadside rescue business RAC to pay itself a dividend, in a move that could encourage other private equity firms to follow suit amid a dearth of buyout deals. Carlyle said on Thursday BNP Paribas and Deutsche Bank were the main coordinators of the loan.

  • LONDON, Oct 4- Alternative Energy Ltd:. *Proposed placings and significant transactions. *Proposing preferential offering for shares up to $4.8 MLN; also to raise $3.

  • LONDON, Oct 4- European shares turned fractionally lower on Thursday afternoon after the European Central Bank president Mario Draghi said the bank's governing council had not discussed possible future rate cuts. The ECB kept its interest rates on hold on Thursday.

  • LONDON-- London's mayor says the British government is risking economic catastrophe by not quickly expanding airport capacity. Under pressure to build a third runway at Heathrow, London's busiest airport, the government has ordered a review into airport capacity.

  • BRDO PRI KRANJU, Slovenia, Oct 4- The European Central Bank is ready to buy the bonds of euro zone member countries that admit themselves into fiscal rehabilitation programmes, ECB President Mario Draghi said on Thursday.

  • LONDON, Oct 4- United Carpets Group PLC:. *On 4 Oct David Robert Acland and Lila Thomas of Begbies Traynor were appointed joint administrators of unit. *The business and the majority of the assets of ucn were sold to United.

  • *EU Commission writing strategy to tackle attacks. BRUSSELS, Oct 4- European Commission computer experts orchestrated attacks on mock Internet sites in Europe's largest ever cyber-security exercise on Thursday to uncover weaknesses in the computer systems of major European banks.

  • FRANKFURT, Germany-- BORN _ Sept. 3, 1947, Rome, Italy. PROFESSIONAL EXPERIENCE _ Took office on Nov. 1, 2011 as third president of the European Central Bank, after being appointed by leaders of the 17 eurozone countries. Served on the 23- member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro.

  • By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's.

  • *Recession, capital outflows biggest threat to Spain rating. *ESM, ECB could stem decline in Spain. Spain, which continues to resist making a formal request for aid, is expected to see its economy shrink substantially over the next two years as the combination of high unemployment, painful spending cuts and an exodus of capital bites.