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Vivendi CEO urges UK to act on Internet piracy

Britain will damage its economy if it does not follow France and clamp down on Internet piracy, the boss of entertainment and telecoms group Vivendi said on Tuesday.

Iran to demand changes to nuclear fuel deal: TV

Iran will accept the framework of a U.N.-drafted nuclear fuel deal, but will demand some important changes, al Alam state television reported on Tuesday.

BP Q3 profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.

Vivendi CEO says IPO an option for NBC Universal

NBC Universal could be floated on the stock market if France's Vivendi decides to sell its 20 percent stake in the group majority-owned by General Electric Vivendi's chief executive said.

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Daily Forecast 27/10/2009

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...

Twitter entries satirize works of literature

Deciphering William Shakespeare plays in school essays apparently was not enough for two university students who have written a book of Twitter entries that summarize and satirize works of literature.

Barclays buys Standard Life Bank for $369 million

Barclays Plc bought the bank arm of British insurer Standard Life Plc for 226 million pounds ($369 million) on Monday, in a move to build up its UK mortgage and savings business.

Anglo may unload zinc first in $6 billion auction

Anglo American, pressured by investors after an abortive merger bid from rival Xstrata, could offload its zinc operations first in a fresh divestment drive that could raise $6 billion.

ING to split in two, launch rights issue

Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.

Smiths' frontman Morrisey collapses on stage

Former Smiths' front man Morrisey was discharged from hospital in a much improved condition after staying overnight due to a collapse on stage in a concert in the U.K., medical officials said Sunday, according to CNN.com.

Barclays buys Standard Life Bank for 226 mln stg

Barclays Plc bought the bank arm of British insurer Standard Life Plc for 226 million pounds ($369 million) on Monday, in a move to build up its UK mortgage and savings business.

Singer Morrissey stable after collapsing on stage

Morrissey, the former singer in the British band The Smiths, left hospital Sunday after spending the night there as a precautionary measure after collapsing on stage, a hospital spokeswoman said.

Iran would need 18 months for atom bomb: diplomats

Intelligence agencies estimate that it would probably take Iran a minimum of 18 months to develop a nuclear weapon if it chose to build one, Western diplomats and intelligence officials said.

European shares little changed; insurers slip

European shares were little changed on Monday as a rise in pharma stocks offset weaker insurers, which were dragged down by ING (ING.AS), which fell after announcing its plan to split the company.

FTSE up 0.2 pct by midday; UK Q3 earnings eyed

Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers.

Daily Forecast - 26/10/2009

The Australian Dollar opens marginally lower on Monday against the greenback at 0.9201. Last Friday saw another move towards US93 cents as investors sold the Japanese Yen to move into higher-yielding currencies, in what is commonly known as a carry trade. The local unit is nudging one-year highs against the Yen at 84.58. In offshore action the Aussie retreated beneath US92 cents after Wall Street fell 1 per cent, giving back the gains of the previous session and sapping the market's confidence...