Governor: Europe Won’t Block 2 Missouri Executions
budget stalemate and looming deadline to raise the countrys debt ceiling. Government shutdown: Track the latest news out of Washington /conga/story/2013/10/governmentshutdownstream.html 282136 The news that U.S. politicians have again put self-interest ahead of the greater good of the country by failing to make any progress in sorting out the budget or tackling the debt ceiling will have surprised few, said Alastair McCaig, market analyst at IG. The U.S. debt markets have remained calm, but the closer we get to the mid-October deadline, the less likely that is to remain the case, he said. One bright spot for Europe was Italy, with the FTSE MIB Italy index /quotes/zigman/1482176 XX:FTSEMIB +0.66% rising 0.7% to close at 18,425.82. Toward the close of markets on Friday, Italian stocks rallied on news a Senate panel had voted to expel former Prime Minister Silvio Berlusconi. Banks in Italy were the biggest gainers in Europe, with UniCredit SpA /quotes/zigman/7909864 IT:UCG +2.68% up 2.5% and Banca Monte dei Paschi di Siena SpA /quotes/zigman/204677 IT:BMPS +6.26% up more than 6%. The French CAC 40 index /quotes/zigman/3173214 FR:PX1 +0.03% pared a loss of around 0.7% to finish with a marginal gain at 4,165.58. /quotes/zigman/11305704 JP:9201 +3.01% in Tokyo. Losses for LVMH weighed on the index.
As the world’s top copper producer, Codelco carries significant weight on the global metals market and its premiums are seen as an industry benchmark. The company declined to comment on premiums on Monday. The figure floated by sources close to the Chilean state company is above the $105 per tonne put forth by Aurubis AG , Europe’s biggest copper smelter. This year spot premiums are well above 2013’s, giving producers more leverage to seek higher prices again next year. Still, some industry experts warn the world economy remains fragile, and that big premium increases might be too ambitious. “I don’t see any fundamental reason for the premium to be higher,” said Anton Berlin, head of strategic marketing at Norilsk Nickel, the world’s No. 1 nickel producer and 12th largest copper producer. “Looking at the market fundamentals, I see no change next year from this year,” he said in an interview with Reuters. London copper stagnated on Monday on low volumes as investors paused to monitor LME Week, while China was absent from the market for the last day of a week-long break. Benchmark copper edged down 0.2 percent on the London Metal Exchange (LME) to $7,245 a tonne at the close of ring trading, after gains of 1 percent in the previous session. STEEPER CHINA PREMIUM HIKE EYED The $112 figure suggests Codelco will clinch an even higher increase with its Chinese clients, one Chile-based trader said. The trader estimated that premiums for the Asian giant – a stronger market than crisis-hit Europe – will reach over $130 and probably up to $140. This year’s premiums stood at $98. Japanese smelters shocked the market with a proposed 45 percent increase in charges to Chinese end users, Reuters reported in September.
LOUIS October 7, 2013 (AP) By ALAN SCHER ZAGIER Associated Press Missouri will move ahead with two planned executions despite efforts in Europe to block a common anesthetic from being used in the procedure, Gov. Jay Nixon said Monday. German company Fresenius Kabi produces almost the entire supply of propofol, but the European Union is considering possible export limits as part of its anti-capital punishment policies. Missouri has enough to carry out it next two executions and one more, the first scheduled for later this month, but Nixon declined to say what the state would do if it is unable to get more propofol. The drug made headlines in 2009 when pop star Michael Jackson died of an overdose. The Missouri executions would be the first to use propofol. Nixon said state and federal court systems, not European politicians, will decide death penalty policy in Missouri. “A number of courts have already had an opportunity to review this matter,” Nixon also said, referring to broader legal challenges to the death penalty. “We’re going to continue to monitor it very closely. At this point, there’s no stay in effect.” On Friday, the American Civil Liberties Union filed a lawsuit against the Missouri Department of Corrections, alleging that the agency failed to comply with open records requests related to its planned use of propofol in executions. The Missouri Society of Anesthesiologists has also urged the state to reconsider using propofol, warning that Missouri “is on the verge of triggering a national drug shortage that will have a severe impact on the general welfare of the citizens of our state and our country.” The U.S. Food and Drug Administration has also expressed concern about any move that would limit access to the drug. A lawsuit filed against the state by 21 death-row inmates after the new protocol was announced remains pending.