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CORRECTED-EDF idles 1,840 MW UK nuclear capacity on Sunday
(Alert corrected to show 1,840 MW idled, no change to story text)
STOCKS NEWS EUROPE-UBS cuts equities to "neutral" on Europe woes
UBS says now is the right time to scale back equity allocation to "neutral" from "overweight" as the euro zone reaches a critical point with Greece heading for a "hard landing" on its debts and Spain struggling to finance the required recapitalisation of its financial sector, while worries grow over global growth.
EDF says idles 1,840 MW of UK nuclear power
LONDON, May 14 - EDF Energy, the UK's biggest nuclear power provider, idled 1,840 megawatts of atomic output on Sunday after shutting down its Sizewell and Torness 2 reactors, it said in a statement.
Russia's Polymetal sells gold deposit stake to Polygon
MOSCOW, May 14 - Russian miner Polymetal has sold a stake in its non-core gold deposit Veduga to Polygon Gold, a company founded by gold mining executive Leonard Homeniuk, the company said in a statement on Monday.
Lonmin H1 profit tumbles as rising costs bite
LONDON, May 14 - Platinum producer Lonmin said first-half pre-tax profit fell to $18 million from $159 million a year ago, hit by rising costs, weak European demand and safety stoppages that weighed on its production over the six months.
Russia's Magnit April sales rise 28 pct y/y
MOSCOW, May 14 - Fast-growing Russian retailer Magnit reported on Monday a 2 7.78 p ercent year-on-year increase in April sales compared to a rise of 32 .5 per cent in March.
European stock index futures signal lower start on Greek impasse
LONDON, May 14 - European stock index futures pointed to a lower start on Monday as Greece's failure to form a government heightened unease about the euro zone crisis and a move by China to ease monetary policy fueled worries the world's second largest economy was slowing.
BHP leaves door open to U.S. shale gas write-down
ADELAIDE, May 14 - BHP Billiton's petroleum chief executive left the door open to the possibility of a write-down on the company's U.S. shale gas assets on Monday, but defended their long term value.
RPT-European Factors to Watch - Shares seen lower on Greek deadlock
LONDON, May 14 - European shares were expected to open lower on Monday, according to financial spreadbetters, as Greece's failure to form a government heightened unease about the euro zone crisis and moves by China to ease monetary policy fuelled worries the world's second largest economy was slowing.
European Factors to Watch - Shares seen lower on Greek deadlock
LONDON, May 11 - European shares were expected to open lower on Monday, according to financial spreadbetters, as Greece's failure to form a government heightened unease about the euro zone crisis and moves by China to ease monetary policy fuelled worries the world's second largest economy was slowing.
| Symbol | Last | Net Change |
|---|---|---|
| Brent Crude Oil ICE | $111.84 | $-0.42 |
| Mini sized Silver CBOT | $0.00 | $0.00 |
| Gold, 100 Troy Oz. COMEX | $1,577.60 | $-6.40 |
- JPMorgan executives set to leave, sources say
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- Yahoo CEO out, investor Loeb gets board seats
- Spain faces corrosion not collapse from euro crisis
- Europe's woes hit global demand for luxury homes
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- Greek leftist rejects new coalition talks
- From Cameron with love - Brooks haunts PM
- Britons get gloomier - long, hard revival to come
- UK confident on bank reform despite EU row
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