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  • Biden: Romney changed his position on tax cut Friday, 5 Oct 2012 | 9:09 AM ET

    COUNCIL BLUFFS, Iowa-- Vice President Joe Biden acknowledged Thursday that he and President Barack Obama want to raise $1 trillion in taxes on the wealthy as part of a plan to let some Bush-era tax cuts expire, giving Republicans fresh fodder to criticize the Democratic ticket just days after the vice president said the middle class has been buried during the past four years.

  • US jobs figures reassure markets about economy Friday, 5 Oct 2012 | 9:09 AM ET

    In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.. The benchmark New York rate was $2.41 lower at $89.31 a barrel.

  • Avon Products chairman to step down Friday, 5 Oct 2012 | 9:03 AM ET

    NEW YORK-- Beauty products seller Avon Products said Friday that its chairman and former CEO Andrea Jung will step down at the end of the year, ending her 18- year tenure at the company. She was replaced as CEO by Johnson& Johnson executive Sherilyn S. McCoy in April but retained her chairman title.

  • UPDATE 5-Oil holds above $112 after U.S. jobs data Friday, 5 Oct 2012 | 8:49 AM ET

    *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil steadied above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer. Brent futures was up a cent at $112.59 by 1242 GMT, having fallen over $1 a barrel in earlier trade to $111.48.

  • US stock futures rise as jobs report shows gains Friday, 5 Oct 2012 | 8:45 AM ET

    NEW YORK-- U.S. stock futures are rising after a government report showed the U.S. unemployment rate fell below 8 percent for the first time in four years and the economy gained 114,000 jobs in September. The Labor Department said the unemployment rate declined to 7.8 percent, matching its level in January 2009 when President Barack Obama took office.

  • *Europe Q3 cocoa grind seen falling by up to 20 pct. LONDON, Oct 5- Europe's economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest luxury is struggling in Europe, analysts say.

  • US jobless rate falls to 7.8 pct., 44-month low Friday, 5 Oct 2012 | 8:30 AM ET

    WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The Labor Department said employers added 114,000 jobs in September.

  • MUMBAI, Oct 5- Indian shares fell on Friday, snapping a four-day rise, as profit-taking hit recent out-performers such as ICICI Bank, while sentiment was also hit after dozens of erroneous orders by a financial firm triggered a brief halt in the NSE index. The National Stock Exchange index.

  • UPDATE 4-Oil eases to $112 ahead of U.S. jobs data Friday, 5 Oct 2012 | 8:10 AM ET

    *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil slid to around $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 1156 GMT were trading at $112.10, down 48 cents.

  • Mitsubishi Motors, Mazda report China sales plunge Friday, 5 Oct 2012 | 7:33 AM ET

    TOKYO-- Mitsubishi Motor and Mazda have reported a plunge in China auto sales for September when tensions between Japan and China escalated into anti-Japanese riots. Mitsubishi Motors Corp. said Friday its China sales dived 63 percent to 2,340 vehicles in September from 6,307 a year earlier.

  • Oct 05- Fitch Ratings has affirmed Hong Kong- based Hang Seng Bank Limited's Long-Term Issuer Default Rating at' A+' and its Short-term IDR at' F1'. Its stable margins benefit from the bank's treasury activities and its expansion to mainland China. In addition, they are underpinned by support from the bank's ultimate 62% owner, HSBC Holdings plc.

  • HONG KONG, Oct 5- Asian credit spreads moved in further on Friday boosted by inflows into riskier assets and as sentiment remained upbeat ahead of the crucial US jobs data. The iTraxx Asia ex- Japan investment grade index series 18 tightened by 1-2 bp to 128/ 131 bp after the European Central Bank provided further assurance about its bond buying programme.

  • PRESS DIGEST-Canada-Oct 5 Friday, 5 Oct 2012 | 6:11 AM ET

    *XL Foods, the Alberta beef packer at the center of a massive recall, is taking full responsibility for the tainted product as questions mount over why Canadian officials let the company's plant operate for two weeks after the U.S. deemed the meat unfit to cross the border.

  • *Turkey- Syria conflict stokes supply concern. LONDON, Oct 5- Oil slid below $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 0947 GMT were trading at $111.93- down 65 cents.

  • TEXT-Fitch cuts Winsway to 'BB-', outlook negative Friday, 5 Oct 2012 | 5:58 AM ET

    Oct 05- Fitch Ratings has downgraded Hong Kong- based Winsway Coking Coal Holdings Ltd's. Long-Term Issuer Default Rating and senior unsecured rating to' BB-' from' BB', due to its worse-than-expected business performance arising from the volatile coking coal environment.

  • Markets await key US jobs figures Friday, 5 Oct 2012 | 5:51 AM ET

    In Europe, the FTSE 100 index of leading British shares was up 0.3 percent at 5,846 while Germany's DAX rose 0.5 percent to 7,342. The CAC-40 in France was 0.7 percent higher at 3,427.. The price of oil was steady after advancing in the wake of concerns of rising tensions between Turkey and Syria _ the benchmark New York rate was 74 cents lower at $90.95 a barrel.

  • Oct 05- Fitch Ratings has revised China Oriental Group Company Limited's Outlook to Negative from Stable, following worse-than-expected deterioration in the company's operating environment. China Oriental's Long-Term Issuer Default Rating and senior unsecured rating have been affirmed at' BB+'.

  • SINGAPORE, Oct 5- Singapore's economy probably contracted further in the third quarter because of poor demand for its manufacturing exports, tipping the island into a recession and reinforcing expectations of policy easing by the central bank at its meeting next Friday.

  • TOKYO, Oct 5- Bank of Japan Governor Masaaki Shirakawa said on Friday that the central bank will not link the timing of further monetary easing automatically to its price outlook, signalling that falling short of its 1 percent inflation target would not guarantee immediate policy action.

  • SYDNEY, Oct 5- Iron ore shipments to China from Australia's Port Hedland, a bellwether for Chinese industrial activity, fell by 9.5 percent in September from the previous month to be flat on the year, port authority data showed. September shipments to China dipped to 15.13 million tonnes, from 16.72 million tonnes in August, according to the data.