A number of crude exporters have similar plans as the Saudis to diversify their economy. » Read More
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 90 cents to $110.67 a barrel by 0830 GMT.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues.
Oct 3- Money supply in the United Arab Emirates fell 2.0 percent year-on-year at the end of July, its fourth decline in a row, after a 3.2 percent drop in the previous month, central bank data showed on We d nesday.
ZURICH, Oct 3- Swiss engineering group ABB. said on Wednesday it has won an order worth around $115 million from Saudi Electricity Company to improve the reliability of the transmission grid that feeds major Saudi railway interconnections.
BRUSSELS, Oct 3- EU antitrust regulators will decide by Nov. 8 whether to clear commodities trader Glencore's. $33 billion takeover of miner Xstrata, the European Commission said on its website on Wednesday.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, is set to issue a $750 million five-year Islamic bond on Wednesday, a document from the lead arrangers said. Final price guidance for the sukuk tightened to 175-180 basis points over midswaps after substantial demand for the deal, with order books over $6 billion.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.
SINGAPORE, Oct 3- Brent crude futures slipped below $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.
LONDON, Oct 3- Pearson Chief Executive Marjorie Scardino is to step down after 16 years in the job in which she transformed the group from a diverse set of assets into an educational and media powerhouse.
LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.
LONDON, Oct 3- Marjorie Scardino, the chief executive of publishing group Pearson, is to step down at the end of the year after 16 years in the job, bringing to an end a period of transformational change for the group.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.
*The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.
MOSCOW, Oct 3- Here are events and news stories that could move Russian markets on Wednesday. EVENTS: MOSCOW- Russia Calling VTB Capital investment conference. MOSCOW- Press conference by Aeroflot Chief Executive Vitaly Savelyev and SAP executives.
SINGAPORE, Oct 3- Asia's naphtha market erased gains on Wednesday, as petrochemical makers stayed on the sidelines over concerns about a slower economy. The prompt October/November inter-month spread slipped a dollar to a three-session low of $9.00 a tonne in backwardation, according to Reuters data.
KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.
SINGAPORE, Oct 3- Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.
ROME, Oct 3- Iran's tumbling rial currency will face more heavy pressure as the United States and its allies enforce sanctions over Tehran's nuclear programme, a senior U.S. official said on Wednesday. Cohen's comments, on a five-day visit to Europe, came as riot police clashed with demonstrators protesting in Tehran against the fall in the currency.