Financial Services
FTSE gains 1.4 percent by midday; miners rally
* Miners, energy firms draw strength from commodities rally Full Article
RPT-Stuyvesant Town woes may pave way for loan changes
NEW YORK, Nov 9 (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan. Full Article
Irish minister urges speedy bad bank law approval
DUBLIN, Nov 9 (Reuters) - Ireland needs to complete its 54 billion euro "bad bank" plan fast after a protracted parliamentary debate that has seen the same arguments being rehearsed "time and again", Finance Minister Brian Lenihan said. Full Article
PRESS DIGEST - Canada - Nov 9
Nov 9 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Full Article
UPDATE 1-Nelnet Q3 profit tops estimates
Nov 9 (Reuters) - Nelnet Inc , a consolidator of student loans, posted a third-quarter profit above Wall Street expectations, helped by lower expenses and a rise in net interest income. Full Article
MOVES-Societe Generale, Credit Suisse
Nov 9 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, e-mail moves@thomsonreuters.com. Full Article
Nigeria's FCMB swings to loss in half year to Oct
LAGOS, Nov 9 (Reuters) - Nigeria's First City Monument Bank (FCMB) said on Monday it had swung to a pre-tax loss of 479 million naira ($3.2 million) in the six months to the end of October. Full Article
Deutsche Bank hires Baldelli to head Italian M&A
LONDON, Nov 9 (Reuters) - Deutsche Bank said on Monday it hired Credit Suisse banker Giuseppe Baldelli as head of Italian mergers and acquisitions (M&A). Full Article
Indian shares rise 4th day; Reliance, SBI rally
* State Bank firms 5.2 pct as its sells stake in UTI AMC Full Article
Merrill brokers unhappy over retail sales-paper
Nov 9 (Reuters) - Bank of America Corp's move to push Merrill Lynch's brokers to sell checking accounts and other retail banking products to their clients is being resisted by some of the group's brokers, the New York Post said citing sources. Full Article
Market Update
UK
US- Europe
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- UK Most Actives
Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 76.83 | +1.25% | 9 Nov 12:10 GMT |
| Gold | 1108.0 | +1.11% | 9 Nov 11:50 GMT |
