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  • PRESS DIGEST-New Zealand newspapers - Oct 9 Monday, 8 Oct 2012 | 2:48 PM ET

    WELLINGTON, Oct 9- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Christ Church Cathedral shortfall $50 m: About half of Christ Church Cathedral's $40 million insurance payout will be spent before the rebuild begins, court documents show.

  • November crude dropped 55 cents, or 0.61 percent, to settle at $89.33 a barrel, ending below the $89.88 100- day moving average and having swung from $88.21 to $89.89.

  • WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.

  • Stocks lower on weak outlook for 3Q, Asian economy Monday, 8 Oct 2012 | 2:23 PM ET

    Investors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks. Companies in the S&P 500 index are expected to post an overall decline in profits for the first time in 11 quarters, according to FactSet.

  • Time to Buy Cisco Systems? Monday, 8 Oct 2012 | 2:19 PM ET
    Time to Buy Cisco Systems?

    Will Cisco Systems benefit from a report bashing its competitor Huawei Technologies? Grady Burkett, Morningstar, weighs in.

  • The Threat From Chinese Telecom Monday, 8 Oct 2012 | 2:02 PM ET
    The Threat From Chinese Telecom

    The Congressional House Intelligence Committee is saying some Chinese telecom companies pose a security threat to America. Donald Straszheim, ISI Group head of China research, provides perspective.

  • *World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria.

  • News Summary: World Bank cuts Asia growth outlook Monday, 8 Oct 2012 | 1:53 PM ET

    OUTLOOK DIMS: The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." THE NUMBERS: The bank cut this year's growth outlook for developing Asia-Pacific economies to 7.2 percent, down from its May forecast of 7.6 percent.

  • Dollar rises on concerns about global economy Monday, 8 Oct 2012 | 1:52 PM ET

    The World Bank cut its growth forecast for Asia Monday and said that China's economy could continue to cool. The officials are expected to discuss Greece, Spain and other matters related to Europe's debt crisis. The dollar fell to 78.34 Japanese yen from 78.69 yen and to 97.66 Canadian cents from 97.90 Canadian cents.

  • Britain picks up 7 International Emmy nominations Monday, 8 Oct 2012 | 1:39 PM ET

    NEW YORK-- British television productions received a leading seven International Emmy nominations Monday, including best actor and actress nods for Jason Isaacs in "Case Histories" and newcomer Joanna Vanderham in "The Runaway."

  • Delta to beef up Asia service from Seattle Monday, 8 Oct 2012 | 1:22 PM ET

    Delta plans to add a flight between Seattle and Shanghai starting on June 17, 2013. Delta, which is based in Atlanta, is also proposing a flight between Seattle and Tokyo-Haneda, Japan, set to begin in March.

  • China: Friend or Foe? Monday, 8 Oct 2012 | 1:10 PM ET
    China: Friend or Foe?

    Amid Huawei Technologies' reported security threat and slow growth concerns for China, Sara Zervos, Oppenheimer Funds, shares her opinions on whether the country is a friend or foe.

  • Japanese Carmakers Cut China Production Monday, 8 Oct 2012 | 1:07 PM ET
    Japanese Carmakers Cut China Production

    CNBC's Phil LeBeau reports Japanese carmakers Toyota, Nissan and Honda are cutting their China production by 50 percent.

  • Earnings concerns hit UK shares, uptrend intact Monday, 8 Oct 2012 | 1:00 PM ET

    *FTSE 100 index finishes 0.5 percent lower. *Charts signal FTSE's uptrend intact. were down 0.4 percent after the World Bank cut its growth forecasts for China and as investors prepared for third-quarter earnings, which kick off on Tuesday in the United States with results from aluminium company Alcoa.

  • Huawei Technologies Investigation Monday, 8 Oct 2012 | 1:00 PM ET
    Huawei Technologies Investigation

    A congressional investigation says Chinese tech giant Huawei Technologies is a national security threat; its equipment may be used for spying on Americans. CNBC's David Faber has the details of the investigation, and CNBC's Jon Fortt takes a look at which other companies could be affected.

  • *World Bank says China economic slowdown may worsen. NEW YORK, Oct 8- Oil prices eased on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.

  • ISTANBUL, Oct 8- Turkish lira and bonds eased in thin trade on Monday, with geopolitical risks weighing after bombardments between Syria and Turkish forces in the southeast of the country over the weekend.

  • European shares hit by weak Asian growth outlook Monday, 8 Oct 2012 | 11:33 AM ET

    *World Bank downgrade to Asia forecasts hits stock markets* Several traders favour buying on dip vs selling on rally* Investors brace for weak Q3 European earnings season By Sudip Kar-Gupta.

  • Chinese Tech Giants a Security Threat: Congressional Panel

    Chinese telecom firms Huawei and ZTE pose a security threat to the US, a congressional panel has warned. Rep. Mike Rogers (R-MI) and CNBC's David Faber and Carl Quintanilla discuss.

  • U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season.