Signs of tight crude supply from the North Sea in November and expectations of stronger refinery demand in Europe have also supported the market. Shipments of Forties to South Korea, encouraged by a free trade agreement during 2012, tend to support prices in the North Sea market, as well as Brent swaps and timespreads.
MOMBASA, Kenya, Oct 12- The number of tourists visiting Kenya's coast fell by 22 percent in the first eight months of this year compared to 2011 due to concerns over Islamist violence and the cost of landing rights in the traditional tourist hot spot, tour operators said.
--On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. --Our criteria allow a one-notch differential between the ratings on the core operating entities of Spanish insurance group Grupo Catalana Occidente, S.A. y Sociedades Dependientes, and the ratings on Spain.
*FTSE 100 down 0.5 percent on day, 1.2 pct on week. LONDON, Oct 12- Britain's FTSE 100 fell on Friday, dented by corporate earnings concerns after a second profit warning in a week from the engineering sector and by more weak data from mega metals consumer China.
NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are declining on its debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.
NEW YORK-- Canadian drugmaker Aeterna Zentaris Inc. said Friday it is selling 6.6 million units of stock and warrants to raise money for product development. Shares of Aeterna Zentaris lost 73 cents, or 23.4 percent, to $2.39 in midday trading.
*Q2 GDP revised to show q/q growth* Analysts warn Singapore could face further inflows. SINGAPORE, Oct 12- Singapore defied forecasts on Friday by keeping monetary policy tight and allowing the local dollar to appreciate at its current pace, bucking the regional trend as it warned of persistent inflationary pressures in a slowing economy.
--On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2', and maintained a negative outlook. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.
NEW DELHI/ HYDERABAD, Oct 12- An Indian court issued a warrant against billionaire Vijay Mallya and his Kingfisher Airlines on Friday, an airport operator that is suing the company said.
NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Obama' s reelection hopes as voters go to the polls next month.
The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..
Oct 12- Tyson Foods Inc:. *Announces new audit program to help ensure responsible on-farm treatment of. animals* Source text* Further company coverage.
President Barack Obama has called for keeping tax rates the same for families making less than $250,000 annually and raising them for those above that level.
--On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.
*Credit Suisse raises Plains Exploration& Production Co. *Credit Suisse raises Range Resources Corp price target to $82. *Credit Suisse raises Anadarko Petroleum Corp price target to $99.
LONDON, Oct 12- Russian oil firm TNK-BP will likely award its 2013 crude sale tender to six oil companies and trading houses, up from three last year, effectively diluting the influence a buyer can have on prices, trading sources said on Friday.
HONG KONG, Oct 12- Senrigan Capital, an Asia- focused hedge fund backed by Blackstone Group, has removed five investments from its portfolio and placed them into a separate vehicle after heavy losses this year, two sources familiar with the matter said. Senrigan spokeswoman Katarina Bendle declined to comment.
LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.
BAKU, Oct 12- BP Plc, accused of leaving Azerbaijan short of $8 billion in budget revenue with false promises on production from a major group of oil fields, has agreed to work with the Azeri state oil company to address falling output, a source said.
ZURICH, Oct 12- Apple, sensitive about protecting its own designs, has struck a deal to use Swiss railway operator SBB's trademark station clock design on iPads and iPhones.