UNITED KINGDOM

RHJ buys Kleinwort Benson from Commerzbank

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RHJ International is to buy UK wealth management unit Kleinwort Benson from Commerzbank for 225 million pounds ($359.5 million), the latest in a flurry of private banking sales.
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Xstrata gives up on Anglo bid

Miner Xstrata Plc has given up its pursuit of rival Anglo American, it announced on Thursday, leaving Anglo to push ahead with its own restructuring plan and raising questions about whether Xstrata will revisit former target Lonmin.
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Daily Commentary - 15/10/2009

Intraday support at 0.9030 held firm in local exchange yesterday with strong Chinese Trade data giving the Aussie another boost towards 91 cents. Offshore investors took the AUD/USD to a high around 0.9150 with optimism on the global recovery, following higher than forecast U.S Retail Sales data, continuing to drive sentiment on commodities and commodity based currencies like the AUD. Underlying support for the currency is expected to continue whilst the Greenback remains weak with today's trade...
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Lazard CEO Bruce Wasserstein dies at 61

Lazard Ltd Chief Executive Bruce Wasserstein, a legendary dealmaker for more than 30 years, has died, ending an era at one of Wall Street's best-known investment banks.
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Opera Porgy and Bess gets 1960s Soweto setting

The role of Porgy, the crippled beggar in Porgy and Bess, has always been hard to pull off as he changes from grump to lover, but a Cape Town Opera version opening in Britain this month sets him a Herculean challenge:
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Singer Al Martino dies at 82

Al Martino, a crooner who had several pop hits spanning more than 20 years and played Johnny Fontane in the 1970s Godfather movies, died Tuesday at his childhood home in Springfield, Pa. He was 82.
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N Brown looks to the U.S. as profits rise

British home shopping company N Brown said it could enter the potentially lucrative United States market next year as it posted record first-half results and a positive outlook, sending its shares higher.
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RBS considering branch sale to appease EU

Royal Bank of Scotland is considering a plan which could result in the sale of just over 10 percent of its British branches in a move to ease EU concerns over state aid, a source familiar with the matter said.
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UK union OK brings Opel deal closer

Agreement between Magna and a UK labour union on Tuesday brought closer a final deal for General Motors [GM.UL] to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium.
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Handbags and snoods help Burberry top forecasts

Luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags, leather goods and snoods, adding to signs of a consumer recovery and lifting its shares to a 21-month high.
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Daily Commentary - 14/10/2009

A softer than expected result in the NAB business confidence survey did little to curb enthusiasm for the Aussie dollar in Asia yesterday as it held on to intraday support at 0.9050. During the offshore session the AUD momentarily jumped above the 91 cent mark following a rally in the Euro only to pull back to exchange at 0.9050 this morning ahead of the release of Westpac's Consumer Confidence survey.
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World needs big drive for carbon capture: IEA

The world needs to build 100 major projects for capturing and burying greenhouse gases by 2020 and thousands more by 2050 to help combat climate change, the head of the International Energy Agency said on Tuesday.
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Afghan frustration mounts over vote result delay

Afghan politicians on Tuesday expressed frustration over delays to the outcome of the August presidential election, held up by elaborate efforts to wipe clean the widespread fraud that marred the vote.
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Fluid on the lungs killed Boyzone singer

A post mortem carried out on Boyzone singer Stephen Gately on the Spanish island of Majorca revealed on Tuesday that he died of fluid on the lungs, a court official said on Tuesday.
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Miners pull FTSE down 0.3 pct; UK inflation due

Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings.
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Daily Commentary - 13/10/2009

The Aussie dollar traded in a narrow range during Asia yesterday bouncing between 0.9020 and 0.9060 for the majority of the session.
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Up rises again overseas

Buoyed by a substantial first-place U.K. debut, the Pixar cartoon Up reclaimed the No. 1 spot on the foreign box office during the weekend.

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