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
LONDON, Oct 11- Another round of quantitative easing may not be "compatible" with the Bank of England's inflation target, and does not provide a definite answer to boost Britain's economy, Martin Weale, a top BoE policymaker, said in comments published on Thursday.
The boss of JPMorgan Chase has admitted his regret for the bank's rescue of its ailing rival Bear Stearns through a contentious deal brokered by Washington at the height of the global financial crisis. The Telegraph FUND MANAGERS' MUST SPEAK OUT'.
Financial Times Headlines POLITICAL BACKLASH OVER BA DEAL COLLAPSE- GOLDMAN'S' MUPPET HUNT' DRAWS A BLANK- PUBLIC TO TAKE 51 PCT IN DIRECT LINE IPO- IMF SOUNDS ALARM OVER JAPANESE BANKS- BRANDS FEAR PITFALLS OF AMAZON CATWALK- DOWNING ST CAUGHT IN BAE/EADS CROSSFIRE- CAMERON VOWS TO UNLOCK BRITAIN'S POTENTIAL- APPLE RETREAT SPURS SWITCH OUT OF TECHS- Overview POLITICAL BACKLASH OVER BA DEAL COLLAPSE.
SINGAPORE, Oct 11- The directors of troubled Bumi Plc, one of the world's largest thermal coal exporters, hold a board meeting on Thursday as the future of the company created by British financier Nat Rothschild and Indonesia's Bakrie family hangs in the balance. The Bakries and Tan each hold half of a 47.6 percent stake in Bumi Plc, while Rothschild owns 12 percent.
BERLIN/ LONDON, Oct 11- Europe's two biggest aerospace firms will go back to the drawing board to find new strategies after Germany stymied the world's biggest arms and aviation company merger.
Oct 10- Fitch Ratings has affirmed RBS Securities Inc.' s' A-' Long-term Issuer Default Rating and' F1' short-term IDR. RBSSI is a wholly owned indirect subsidiary of The Royal Bank of Scotland Group plc. Today's rating action on RBSSI was taken in conjunction with Fitch's global trading and universal bank periodic review, which included the RBS Group.
LONDON, Oct 10- Royal Bank of Scotland will fix a price on Thursday for the stock market listing of insurer Direct Line at around the middle of the range originally set, market sources and a source close to the transaction told Reuters.
Oct 10- Fitch Ratings has affirmed The Royal Bank of Scotland Group's and The Royal Bank of Scotland Plc's Long-term Issuer Default Ratings at' A', Short-term IDRs at' F1', Support Ratings at' 1' and Support Rating Floors at' A'. The banks' Viability Ratings have also been affirmed at' bbb'.
At the same time, Fitch affirmed the ratings of Credit Suisse's subsidiaries and holding company and of its issues. The rating actions on Credit Suisse have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.
On the New York Mercantile Exchange:. Benchmark crude fell $1.14 to finish at $91.25 per barrel. Heating oil rose 1 cent to finish at $3.21 a gallon.
YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.
LONDON, Oct 10- Tom Enders was flying high six weeks ago; newly elevated to the top job at Europe's EADS, his secret merger deal to create the world's biggest aerospace group and rid himself of burdensome government meddling was preparing for launch.
Oct 10- Fitch Ratings has today affirmed Barclays Bank plc's Long-term Issuer Default Rating at' A' with a Stable Outlook and Short-term IDR at' F1'. The agency has also affirmed the ratings of Barclays Bank's parent, Barclays plc.
--U.S.-based NBTY Inc. proposed today a $500 million notes issuance in order to fund an approximately $700 million investor dividend; the remainder is to be funded with cash from the balance sheet. --We are affirming the' B+' corporate credit rating on NBTY Inc..
LONDON, Oct 10- Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns.
*Sources said Germany opposed the $45 billion aerospace merger. PARIS/ BERLIN/ LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal.
In the end, it was the reluctance of governments in Germany, Britain and France that led to the demise of the $45 billion deal that would have combined Britain's BAE Systems, with EADS NV, of Germany and France. Questions were also raised about what the deal would do to the delicate balance that Germany and France have achieved in EADS after years of bickering.
WASHINGTON, Oct 10- The U.S. unit of Britain's BAE Systems Plc on Wednesday said it will continue to pursue future merger and acquisition opportunities after the collapse of the company's merger talks with Europe's EADS.
HOUSTON-- Endeavour International Corp. on Wednesday priced its private offering of an additional $54 million of its 12 percent first priority notes due 2018.. The Houston oil and gas company said the notes were priced at 109 percent of par, at a yield worst of 9.436 percent. Endeavor shares fell 53 cents, or 5.7 percent, to $8.83 in afternoon trading.
WASHINGTON, Oct 10- At least 130 projects that capture and store carbon emissions at coal power and industrial plants must come online by 2020 if the world is to stay on course to keeping the rise in global temperatures below a threshold deemed dangerous by scientists, a new report released Wednesday said.