METALS-Copper falls on weak EU, China manufacturing data - Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Biffy Clyro reveal new double album and single names - BBC News
Biffy Clyro say that their sixth studio album will be called Opposites.
Front man Simon Neil introduced the first single from the double record on Zane Lowe's Radio 1 show, a track called Stingin' Belle.
"Each album is the exact opposite vibe to the other lyrically," said Neil talking about the album concept.
"One's about putting things in the worst possible way and thinking you're getting yourself into a hole. The other looks at things more positively."
The band had previously announced that the double album would consist of two parts titled The Land At The End Of Our Toes and another titled The Sand At The Core Of Our Bones.
A release date is still to be confirmed.
The band debuted three more tracks from Opposites at this year's Download Festival - Modern Magic Formula, The Joke's On Us and Victory Over The Sun.
No limitsSpeaking from their studio in Los Angeles, Simon Neil said they had picked new track Stingin' Belle because it represented the album.
"It was one of the first songs that really clicked when we were recording it," he said.
"We've been playing that one in the practice room for about a year or so.
Simon Neil from Biffy ClyroWe've been able to spend time [on the record]. Anything we wanted to try we've been able to try. Hopefully we've mastered it on this record
"It shows how over the top the album is. Hopefully it shows that we're not putting limits on this record.
"Potentially it might be our last really over the top record. Stingin' Belle is a good representation of where the double album's going."
Biffy Clyro have also played the Isle of Wight Festival this summer and will perform at London's iTunes Festival on 22 September.
Simon Neil says the new double record feels like the end of an era.
"We've been able to spend time [on the record]," he said.
"Anything we wanted to try we've been able to try. Hopefully we've mastered it on this record. I hope when people hear it they really love it.
"I think we've gone as far as we can. We're still keeping things musical.
"We're still being as weird as we've always been but also making it an enjoyable listen.
"We wanted to make the first double album that you could enjoyably listen to from start to finish."
China big city spenders confound global gloom - survey - Reuters UK
BEIJING |
BEIJING Aug 1 (Reuters) - Consumer optimism in China's biggest cities rose to its highest in nearly three years in the second quarter of 2012 even as global economic gloom knocked the national average down from a more than six-year high, a survey showed on Wednesday.
The rise in confidence among consumers in China's so-called Tier 1 cities was fuelled by a combination of improving job prospects, better personal finances and a greater willingness to spend, said the survey by global information company, Nielsen.
The Tier 1 city consumer confidence index was the only one of five regional sub-indexes to rise quarter-on-quarter, but the bounce to 107 from 101 in the first three months of the year still left China's big city sophisticates lagging their rural cousins according to the quarterly survey of 3,500 consumers.
Rural consumers remained the most optimistic - they have been since the first quarter of 2011 - despite the regional confidence index registering a six-point quarterly drop to 113.
Growth in the world's second-largest economy was fuelled by strong domestic spending in the first half of the year, and China has said it is a top priority to boost consumption as a means of adjusting its economic structure.
China's cities are divided into tiers for administrative purposes. Tier 1 comprises China's four biggest cities, Tier 2 the key provincial capitals, with Tiers 3 and 4 established by population size and economic output. Rural areas are separate.
Rural consumers had the highest confidence level on employment prospects, with 92 percent saying the jobs outlook was excellent or good, unchanged from the first quarter survey.
Tier 1 consumers were next most optimistic about jobs - and again the only group registering a quarter-on-quarter improvement - with 59 percent describing job prospects over the next 12 months as excellent or good.
Tier 1 consumers were particularly upbeat about service sector job opportunities - vital to Beijing's plan to rebalance an economy mainly focused on manufacturing and investment.
China's consumers on average remain among the most optimistic internationally.
While the headline China index dropped to its lowest since the third quarter of 2011, the reading of 105 was still 14 points above the world average in the Nielsen global survey of consumer confidence and spending intentions that polled more than 28,000 consumers in 56 countries.
TIER 2 TURNS DOWN
But consumers in Tier 2, Tier 3 and Tier 4 cities all cited a reduction in job prospects for the coming year - the sub-index for Tier 2 sank 14 points to at least a four-quarter low.
China's overall labour market, however, remains tight with official figures showing more job vacancies nationwide than there have been for around a decade, despite six straight quarters of slowing growth and an export downturn that is biting into the vast manufacturing sector.
Tier 2 consumers also suffered the sharpest drop in confidence about the health of their personal finances.
A slowing economy and reduced job prospects were cited as souring outlooks to leave only 58 percent of respondents seeing excellent and good prospects in the year ahead, down 13 points on the quarter.
China's top leaders said on Tuesday they would enhance pro-growth policies in the second half of the year, although there are signs of stabilisation in the economy.
The overall decline in consumer confidence unsurprisingly pushed down the national willingness to spend in China to its lowest in three quarters, though Tier 1 consumers again bucked the trend with a fourth straight quarter of improvement.
The survey showed that consumers aged 30-39 were more willing to spend than those below 30 for the first time since the last quarter of 2011.
Digital appliances, home appliances and furniture top shopping lists for both demographics. Some 44 percent of Chinese consumers under 30 plan to buy digital appliances versus 35 percent of those aged 30-39.
The annual rate of retail sales growth in China has slowed in recent months, but remains firmly in double digits.
Domestic consumption was revealed to be the biggest driver of economic output in the first half of 2012 when data was published last month, contributing 4.5 percentage points to the overall rate of 7.6 percent. Capital spending added 3.9 percentage points and exports were a 0.6 percentage point drag. (Editing by Jacqueline Wong)