Russian President Vladimir Putin is heading to Greece on Friday as part of a charm offensive. » Read More
LONDON-- Upbeat earnings from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey helped shore up markets Friday, though investors remained cautious after buying up stocks aggressively the previous day.
NEW YORK, Oct 12- Demand for collateralized loan obligations remains robust as September saw managers price $6.7 billion of new vehicles, making it the busiest month for issuance in what is already the busiest year since 2007. Despite a thriving leveraged finance market and a similarly strong CLO market, spreads on recently raised AAA rated CLO tranches hover stubbornly above those printed last spring.
--U.S. river cruise operator Viking Cruises Ltd. plans to issue $250 million in senior notes. On Oct. 9, 2012, Standard& Poor's Ratings Services assigned Woodland Hills, Calif.- based river cruise operator Viking Cruises Ltd. its' B+' corporate credit rating.
Oct 12- Investment Property Databank:. *UK commercial property values fall 0.4 percent in September, versus -0.3. *UK commercial property total return 0.2 percent in September, unchanged from.
LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.
Set up with noble goals after the devastation of World War II, the EU to critics now appears impotent amid a debt crisis that has widened north-south divisions, threatened the euro currency and plunged several members, from Greece to Ireland to Spain, into economic turmoil.
MOSCOW, Oct 12- Russian private healthcare company MD Medical Group's London share listing made a smooth start on Friday, with the global depositary receipts trading at a 2 percent premium to their issue price of $12.
The European Centre for Disease Prevention and Control which monitors disease in the European Union, said the outbreak was "significant but not entirely unexpected" given that the most efficient carriers of the disease, mosquitoes known as Aedes aegypti, have an established presence in Madeira.
OSLO, Oct 12- Output from Statoil's Troll natural gas field offshore Norway has been reduced due to safety issues, gas system operator Gassco said on Friday, raising concern about supply safety after a string of outages.
LONDON, Oct 12- The UK arm of German utility RWE. on Friday became Britain's third energy supplier to raise power and gas prices from this winter, citing the cost of government schemes, transmission and higher wholesale prices. RWE npower customers will see electricity prices increase 9.1 percent and gas prices by 8.8 percent from Nov. 26.
LONDON, Oct 12- Environmental Recycling Technologies PLC:. *Reached agreement on terms of a debt restructuring and debt-for-equity. *Agreed to issue 225,241,928 new ordinary shares of 2.5 P each to third party.
LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.
LONDON, Oct 12- Russian businessman Boris Berezovsky will pay 35 million pounds towards the legal fees of Chelsea Football Club owner Roman Abramovich after failing in a $6 billion London court battle with his former protege, lawyers said.
OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.
LONDON, Oct 12- EDF Energy's 610- megawatt Heysham 1-1 nuclear unit went offline for an unplanned outage on Friday, the operator said.
London, Oct 12- Turkish imports of Iranian crude oil plummeted to around 100,000 barrels per day in September after spiking in August, data from Reuters AIS Live ship tracking and a shipping source showed.
LONDON, Oct 12- Smart grid and meter applications in Europe are having to compete with other services for radio frequencies, raising questions over grid stability and value for money.
By Luke Baker and John O'Donnell. BRUSSELS, Oct 12- Euro zone countries should consider clubbing together to borrow as well as paying into a central budget that could be used to help struggling countries, according to a report prepared by senior European officials ahead of a meeting of leaders.
*HSBC becomes "overweight" Spanish equities. Alcoa posted a quarterly loss and cut its outlook for global aluminum demand, citing a slowdown in China. "We are not expecting any great surprises from the earnings season, but feel that people are getting too pessimistic on the outlook for corporate earnings," Robert Parkes, equity strategist at HSBC Securities, said.
LONDON, Oct 12- Hilary Mantel could become the first woman to win the coveted Man Booker Prize for fiction twice with her historical novel "Bring Up the Bodies", the bookmakers' favourite alongside Will Self's "Umbrella".