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Europe News United Kingdom

  • ZURICH, Oct 11- How much capital domestically important banks will be required to hold as of 2016 will be left up to national regulators, the deputy secretary general of the Basel Committee on Banking Supervision said. "The level will be up to the supervisors," Bill Coen told Reuters. " The minimum ought to be the Basel minimum. "

  • By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters.

  • By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters on Thursday.

  • *Greece's biggest company, bottler CCH, quits for Switzerland. ATHENS, Oct 11- Greece's jobless rate topped 25 percent and its biggest company said it would quit the country on Thursday in a fresh blow to an economy that German experts warned cannot be "saved" without writing off more debt.

  • LONDON-- A surprisingly big drop in weekly U.S. jobless claims helped shore up financial markets Thursday despite a downgrade of Spain's sovereign credit rating. The Labor Department reported that claims last week fell by 30,000 to 339,000, the lowest level since February 2008.

  • By Anjuli Davies and Sarah White. LONDON, Oct 11- Bank of America Merrill Lynch. Michael Frieser and Marc Tempelman have been appointed co-heads of financial institutions corporate and investment banking for Europe, the Middle East and Africa.

  • NEW YORK, Oct 11- John Maynard Keynes said back in 1936 that "practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • By Matt Scuffham and Kylie MacLellan. LONDON, Oct 11- Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's recovery efforts. The bank said the sale was the next important step in its recovery plan, having earlier this year finished paying back emergency loans to Britain and the United States.

  • Oct 11- Fitch Ratings has affirmed Royal Bank of Scotland plc's GBP10.0bn equivalent mortgage covered bonds at' AAA' with a Stable Outlook following a review of the programme. The rating is based on RBS's Long-term Issuer Default Rating of' A', the Discontinuity Cap of 4 and the asset percentage of 65.2% that Fitch takes into account in its analysis.

  • *Sprint jumps on reports of possible Softbank deal. NEW YORK, Oct 11- U.S. stocks advanced on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years, suggesting improvement in a key factor for economic growth.

  • LONDON, Oct 11- Office Of Fair Trading:.

  • LONDON, Oct 11- Britain's energy minister wants to financially support two pilot carbon capture and storage projects, a technology the UK is banking on to reduce climate-warming emissions and to develop as a new export product.

  • *Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.

  • MILAN, Oct 11- Italy's government could raise 1 billion euros a year from a tax on financial transactions but the levy risks hurting small investors more than speculators, the head of an Italian brokers' association said.

  • LONDON, Oct 11- Lonmin PLC:. *Final amendment of mining right and settlement with keysha. with an amount of approximately $4.0 million.

  • The news could help President Barack Obama in his tight race for re-election on Nov. 6 against Republican challenger Mitt Romney, who says Obama has mishandled the economy. Initial claims for state unemployment benefits fell 30,000 to a seasonally adjusted 339,000, the Labor Department said.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • *Banking industry like a "naughty child"- Hiscox CEO. The pressure comes as Britain prepares to scrap its financial services watchdog early next year and replace it with two new bodies: the Financial Conduct Authority and the Prudential Regulation Authority, part of the Bank of England.

  • LONDON, Oct 11- Old Mutual PLC:. *Entered definitive agreements to sell five of its US affiliates to their. *These businesses had combined assets under management of $11.7 billion at 30.