PRESS DIGEST- Financial Times - Oct 18
Oct 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
BOE'S TUCKER WARNS ON SHADOW BANKING RISK
FED COULD TAPER AS EARLY AS DECEMBER
PAYROLL FRIDAY NOW PAYROLL TUESDAY
SALMOND MEETS INEOS AND UNITE OVER GRANGEMOUTH REFINERY
GOOGLE SHARES HIT RECORD
GOLDMAN FIXED INCOME TRADING WORST IN CLASS
BARCLAYS TAKES NEW LIBOR RATE-RIGGING ALLEGATIONS TO APPEAL COURT
GREEN COSTS TO BE TESTED IN ENERGY BILLS ROW
Paul Tucker, the Bank of England's outgoing deputy governor, said regulators need to keep a stronger eye on hedge funds and shadow banks and added it would be disastrous if the economic fragility of banks was recreated outside the mainstream banking sector.
The U.S. Federal Reserve could begin reducing its asset purchases as early as December after the government shutdown sabotaged a crucial month of data and dealt a blow to the world's largest economy.
The next U.S. monthly employment report became a casualty of the U.S. government shutdown with the Department of Labor saying the data would be released after a delay of more than two weeks on Tuesday.
Scottish National Party leader and Scotland's first minister, Alex Salmond was involved in the talks between the management and workers Grangemouth refinery and petrochemicals complex. The management has closed off the refinery demanding that workers accept changes to pay, pensions and union representation in what has turned out to be Scotland's biggest industrial dispute in years.
Google shares rose 8 percent to a record high after the company managed a smooth transition of its advertising business to smartphones and tablets from PCs.
Goldman Sachs managed to protect its profits by slashing the amount of money set aside for year-end bonuses after its fixed-income trading was worse than any other large Wall Street bank's.
Barclays has approached the Court of Appeal to overturn an earlier ruling that allowed Guardian Care Homes, which is suing Barclays over interest-rate swaps, to amend its claim to include Libor-related allegations.
UK Ministers will look at the green measures that have contributed to rising fuel bills after British Gas became the second energy company to increase energy prices.
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