It has been referred to as “the bazooka” — the 500 billion euro European bailout fund that after much dispute will have its first board meeting on Monday, the New York Times reports.
*Britain's FTSE 100 index is set to open 29 to 32 points lower, or around 0.6 percent, on Monday, according to financial bookmakers. *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.
SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.
ended slightly lower on Friday, breaking a four-session winning run, while the MSCI broad index of Asia Pacific shares outside Japan. on Tuesday, and after the World Bank cut its economic growth forecasts for the East Asia and Pacific region, warning about risks the slowdown in China could get worse and last longer than expected.
SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.
Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defence minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal.
VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
Link to Fitch Ratings' Report: Russia's Banking Sector: Stable at Present, But Some Risks Are Growing. MOSCOW/ LONDON, October 08 Fitch Ratings says in a new report that its outlook for the Russian banking sector is stable.
The programmes showed that four benchmark North Sea crude oil streams- Brent, Forties, Oseberg and Ekofisk- are set to pump around 780,000 barrels per day in November, down from 871,000 initially scheduled for October.
SYDNEY/ LONDON, Oct 8- Australia's top central banker Glenn Stevens has not been approached by British Treasury officials about applying for the Bank of England's governor role, a source with direct knowledge of the situation said on Monday.
JOHANNESBURG-- The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.
BRUSSELS, Oct 8- EU regulators will decide next year whether to fine Danish drugmaker Lundbeck and French peer Servier for blocking the entry of cheaper generic medicines into the market, the EU's antitrust chief said on Monday.
LONDON, Oct 8- An expert on indexes reported that a method used to calculate Britain's RPI inflation measure- key to many pay and pension rises- should be changed as it yields overly high figures, and the country's statistics office began consultations on reform.
Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
CAIRO-- Egypt's central bank says the country's net foreign reserves have dropped again in September, despite a boost from Qatar. The London- based Capital Economics research and consultancy firm says Egypt's "dangerously low" reserves level means the nation of 82 million people does not have enough to cover three months' worth of imports.
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday.
HONG KONG, Oct 8- Data from the HSBC Hong Kong Purchasing Managers' Index for September:. *The latest PMI figure was the lowest in four months and signalled a deterioration in operating conditions in Hong Kong's private sector as output and new orders declined. *Output contracted in September and the index was at its lowest level since November 2011.
SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, with mining stocks losing ground while banks gained, and traders were looking for new momentum drivers as the market consolidated last week's rise to 14- month highs.