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RussiaHerald.com Friday 3rd September 2010 Volume 2010/246
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Jewish survivors say French Railway should lose US bidJewish survivors say French Railway should lose US bid
Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and...


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Cold winter was good for GazpromCold winter was good for Gazprom
The cold winter in the first three months of the year has boosted the profits of Russia’s...
England must stick with Coach Capello: Gerrard
England skipper Steven Gerrard has said that FA should back coach Fabio Capello, as team set off for the Euro...
Capello delighted about Rooney's current form
England manager Fabio Capello has expressed delight over England striker Wayne Rooney's form ahead of Friday's opening Euro 2012 qualifier against...
American and British Airways to coordinate frequent flyer American and British Airways to coordinate frequent flyer
American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to...
European Businesses Says China Breaks Trade Rules
China Orders More Food Production to Counter Inflation A European business group has accused the Chinese government of failing to honor promises to the World Trade Organization - a policy it says has...
BRINAVESS™ For Infusion Approved In The European Union For Rapid Conversion Of Recent Onset Atrial Fibrillation
MSD (known in the US and Canada as Merck) (NYSE:MRK) and Cardiome Pharma Corp. (NASDAQ: CRME/ TSX: COM) announced that the intravenous (IV) formulation of BRINAVESS™ (vernakalant) has been...
Euro recovery taking divergent paths
Continental Europe's main economies took increasingly divergent paths towards recovery in August, with Germany and France indicating growth but Spain's services sector tipping into contraction. ...
UK August Services PMI Falls to 16-Month Low
The headline Markit/CIPS services purchasing managers' index dropped to 51.3 in August from July's 53.1, a much sharper fall than the decline to 52.9 forecast in a Reuters...
Home Retail Group on course for FTSE relegation
Argos and Homebase owner Home Retail Group is set to lose its blue-chip status when the latest quarterly review of the FTSE 100 Index takes place next week.The ’yo-yo’ company has bounced between...
Experts see trouble ahead for developed world
CERNOBBIO, Italy – Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts...
European Stocks Extend Advance as U.S. Payrolls Top Forecasts
Sept. 3 (Bloomberg) -- European stocks extended their gains as U.S. private payrolls topped economists’ estimates. The Stoxx Europe 600 Index climbed 1.1 percent to 261.05 at 1:30 p.m. in...
European Stocks Climb as U.S. Private Jobs Growth Tops Forecast
Sept. 3 (Bloomberg) -- European stocks rose, with the Stoxx Europe 600 Index extending its biggest weekly gain since July, after companies in the U.S. added more jobs than forecast in August, easing...
Russian Oil Premium Vanishing on Refinery Cuts: Energy Markets
Sept. 3 (Bloomberg) -- Russian crude’s unprecedented premium to North Sea Brent is vanishing as European refiners switch to higher-value blends and scale back purchases to protect their...
Wheat Rises on Russian Export Ban; Mozambique Riots Over Food
Sept. 3 (Bloomberg) -- Wheat rose in Chicago after Russia, the world’s third-largest grower, extended a ban on grain exports into next year, raising the prospect of higher food prices that...
Glance-FTSE hit more than 3-week high before US jobs data
By Dominic Lau LONDON, Sept 3 (Reuters) - Britain's leading share index hit a more than three-week high on Friday as the market looks beyond a weak employment picture in the United States after...
Eurozone retail sales near stagnant in July: data
Retail sales across the 16 nations sharing the euro rose by a modest 0.1 percent in July, after a 0.2 percent increase in June, with drops in Germany and Spain, European Union data showed on Friday. ...
CURRENCIES: Spain Bond Auction Lifts Euro Ahead Of ECB
The dollar traded mostly lower Thursday, sinking against the euro as the currency market showed little reaction to the European Central Bank's decision to hold interest rates...
Anglo closure could cost €70bn - Cowen
Taoiseach Brian Cowen has said the immediate winding up of Anglo Irish Bank could cost €70bn or more, which, he said, would not be in the interest of Irish taxpayers. He added, however, that...
Euro zone retail sales flat in July
Retail sales across the euro zone rose by a modest 0.1% in July, after a 0.2% increase in June, with drops in Germany and Spain, European Union data showed today. Portugal posted the highest monthly...
New Weak Euro Link? IMF Calls out Finland
-driven economy took a severe hit after the global financial crisis exploded in 2008, curtailing trade credit. Gross domestic product fell 8 percent last year, the worst performance in the euro area....
BP Oil Spill Costs Hit $8 Billion as Rig Probe Ends
said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the...
Hurricane Earl Passes North Carolina, Heads Toward New England
Sept. 3 (Bloomberg) -- Hurricane Earl passed off the Outer Banks of North Carolina and headed toward New England and Nova Scotia packing winds of 105 miles (165 kilometers) an hour after weakening...
German 10-Year Yield Near Two-Week High Before U.S. Jobs Data
Sept. 3 (Bloomberg) -- German 10-year government bond yields held near the highest level in two weeks as rising stocks sapped demand for fixed income before a report that’s forecast to show...
London Turns to River Boats to Combat Subway Strike
Sept. 3 (Bloomberg) -- London Mayor Boris Johnson will use 100 extra buses and a fleet of shuttle craft on the River Thames to help commuters get to work next week after talks to head off strike...
Euro-zone July retail sales see unexpected rise
FRANKFURT (MarketWatch) -- Retail sales volumes in the 16-nation euro zone rose 0.1% in July after a revised 0.2% rise in June, the European Union statistics agency Eurostat reported Friday. Compared...
POLL: Euro zone services growth steadies in August
The pace of recovery in the euro zone's dominant service sector was barely changed in August from July, according to a business survey that showed growth of the bloc’s wider private sector...
Glance-FTSE up for sixth day, U.S. payrolls in focus
By Simon Falush LONDON, Sept 3 (Reuters) - Slim gains from miners and energy firms nudged Britain's top share index slightly higher on Friday, but moves were muted ahead of closely watched August...
Euro recovery takes increasingly divergent paths: survey
Continental Europe's main economies took increasingly divergent paths towards recovery in August, with Germany and France indicating growth but Spain's services sector tipping into contraction. ...
CURRENCIES: Dollar Plays Defense Against Euro And Yen
The dollar traded mostly lower Thursday, dropping against the euro as the currency market showed little reaction to the European Central Bank's decision to hold interest rates...
Keane confident of Euro qualification
Robbie Keane will channel the bitter disappointment of the Republic of Ireland's World Cup exit into the quest for Euro 2012 qualification. Keane is hoping the lessons the Republic learned during a...
Companies Shunning Banks on Stress Tests Doubts
Corporate treasurers from groups with revenues of more than $240 billion told the Financial Times they were conducting their own tests to gauge for themselves banks’ robustness. What we are...
Austerity Equals Confidence: Trichet
“Not because it is an elementary recommendation to care for your sons and daughter and not overburden them, but because it is good for confidence, consumption and investment today," he...
Strong Yen Helps to Fuel Germany’s Export Boom
Business But the yen’s recent strengthening is playing a role in Germany’s export boom as well. The euro has fallen 19 percent against the yen in the last year, nearly double the decline against...
Roche to Cut Costs, Review Business After Setbacks
Swiss drugmaker Roche Holding will review its business and cut costs to cope with recent setbacks on key drugs and rising pressures on prices from healthcare reforms, it said on...
Euro Zone Services Growth Steadies in August
The pace of recovery in the euro zone's dominant service sector barely changed in August from July, according to a business survey that showed growth of the bloc's wider private sector slowed...
BP Says Cost of Gulf Spill Hits $8 Billion
The oil company said more than 28,000 people and 4,000 vessels are still engaged in responding to the spill. BP says no oil has flowed from the well since July...
Swedish bank Carnegie buys troubled competitor
STOCKHOLM – Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week. Carnegie said it has...
Dollar Heads for Weekly Loss Versus Euro, Yen Before Jobs Data
Sept. 3 (Bloomberg) -- The dollar headed for a weekly loss against the euro and yen before a U.S. report forecast to show American employers cut jobs last month, damping demand for assets in the...
Roubini Says Dollar, Franc May Beat Gold in Recession
Sept. 3 (Bloomberg) -- New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into...
BP’s Gulf of Mexico Oil Spill Response Costs Rise to $8 Billion
Sept. 3 (Bloomberg) -- BP Plc said the cost of its response to the Gulf of Mexico oil spill, the worst in U.S. history, has reached about $8...
Cameron Austerity Makes U.K. Debts World Beater: Credit Markets
Sept. 3 (Bloomberg) -- British companies are beating the world in the bond market as investors bet Prime Minister David Cameron’s efforts to tame the budget deficit will preserve the...
Euro-zone Aug. composite PMI slips to 56.2
FRANKFURT (MarketWatch) -- Activity in the 16-nation euro zone's private sector saw slower growth in August, data showed Friday, with the Markit euro-zone August composite purchasing managers index...
Euro steady ahead of US jobs report
The euro bought $1.2815 in Friday morning European trading, close to its level of $1.2812 in New York late Thursday. The British pound edged up to $1.5411 from $1.5389 and the dollar was unchanged at...
Tullamore firm wins €4m EU grant
A company based in Tullamore, Co Offaly, is to benefit from a €4m EU research grant after receiving top ranking in a list of projects submitted to the European Commission earlier this year. ...
Fyffes report €2.3m fall in profits
Fruit importer and distributor Fyffes has blamed difficult trading conditions for a €2.3m fall in profits for the first six months of the year.The company's pre-tax profits up until June 30 this...
EU reaches deal on cross-border financial supervisors
BRUSSELS (AFP) – Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector...