Tina Fordham, chief global political analyst at Citi, says Washington is distinguishing the Ukraine and Syrian conflicts when it comes to relations with Russia.» Read More
The Bank of England will not give a full response to internal reviews of its handling of the financial crisis until a new governor is chosen, who is likely to take a different view on some recommendations than Sir Mervyn King, the incumbent.
LONDON, Oct 31- British academic researchers have secured 7 million pounds of funding from the country's Medical Research Council to investigate a range of potential new drugs made available free-of-charge by AstraZeneca. AstraZeneca did initial tests on these chemicals but then put them on hold for a variety of reasons.
MILAN, Oct 30- Fiat SpA sharply cut its performance targets for the next two years, saying languishing sales in austerity-hit Europe may lop off a third of its previous projections for 2014 trading profit.
TOKYO, Oct 31- Japan's Nikkei share average was seen moving higher on Wednesday after losing 1 percent on profit-taking a day earlier when the Bank of Japan eased monetary policy in line with expectations. ``Since the reaction to the BOJ was fully priced in yesterday, I think we should bounce back today,'' said Toshiyuki Kanayama, senior market analyst at Monex. ``The index should be steady, with some small gains, although there's a lack of incentives because the U.S. wasn't open.'' Market players said the Nikkei was likely to trade between 8,850 to 8,950 on Wednesday.
LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors and traders readied for U.S. markets to reopen after a massive storm that wrought destruction across the eastern United States.
LONDON, Oct 30- Gold prices were little changed on Tuesday as E uropean s tock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key U.S. jobs report due later this week. Spot gold rose by just 0.6 cents to $1,7 09. 86 an ounce a t 3: 23 p.m. U. S. gold futures for December rose $3. 40 to $1,712. 1 0.
HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.
*Denies report of Opel talks. MILAN, Oct 30- Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit in 2014 is a third lower than it targeted two years ago.
LONDON, Oct 30- Imperial Tobacco has taken a 1.2 billion-pound writedown on its Spanish business as the impoverished country's smokers turn to cheaper black market cigarettes.
*Camden International says its 9 cocoa warehouses not damaged by storm. NEW YORK/ LONDON, Oct 30- Arabica coffee futures turned lower on Tuesday, giving back the previous session's gains, as many traders believed exchange stocks in U.S. East Coast warehouses were unscathed by Hurricane Sandy, one of the biggest storms ever to hit the region.
LONDON, Oct 30- UBS's retreat from lucrative fixed income markets around the world is unlikely to be followed by its rivals, although rising costs and tougher regulations make more deep cuts at other banks inevitable.
*Adoboli says trading losses made him catatonic. LONDON, Oct 30- Former UBS trader Kweku Adoboli told a London court on Tuesday he ``lost control'' in the summer of 2011 but insisted he never acted dishonestly in the frantic weeks that resulted in losses of $2.3 billion.
LONDON, Oct 30- Reassuring business updates from oil major BP and several major banks lifted European shares on Tuesday, with a key European equity index reaching its highest in more than a week.
LONDON, Oct 30- Dozens of UBS traders spent their day in the pub rather than at the Swiss bank's London headquarters after they found out that their security passes no longer worked. As more turned up for work queues began to form at the bank's doors until some took refuge instead in the Railway Tavern pub nearby.
*Sandy leaves New York City, eastern U.S. crippled. NEW YORK, Oct 30- U.S. gasoline and heating oil futures pulled back on Tuesday on the expected enormous hit to demand for fuel after Hurricane Sandy cut a destructive path across the East Coast of the United States.
MILAN, Oct 30- Fiat cut its group targets for 2013 and 2014 on Tuesday, saying that as sales languish in austerity-hit Europe trading profit in 2014 may be a third lower than a target it set a couple of years ago. It cut its 2014 revenue target to 94- 98 billion euros from a previous forecast of 104 billion and also sees higher debt.
LONDON, Oct 30- Britain is edging closer to its vision of low-carbon energy based on large-scale nuclear power and fossil fuels with carbon capture, which contrasts with small-scale renewable energy which many of its European neighbours favour.
LONDON, Oct 30- Gains in oil major BP and several major bank stocks after results lifted European shares on Tuesday, with a key European equity index reaching its highest level in more than a week.
*Spain yields stable, seen potentially outperforming Italy. Investors' attention, previously fixed on Spain, had turned back to Italy after former Prime Minister Silvio Berlusconi threatened at the weekend to withdraw support for Mario Monti's technocrat government before elections in April.
LONDON, Oct 30- Copper rose on Tuesday, rebounding from a near 2- month low hit in the previous session, supported by a weak dollar and some cautious industrial buying, but concerns about sluggish demand from top consumer China capped further gains.