The latest expansion in global output was heavily reliant on the United States, where economic activity rose at the fastest pace since March, JPMorgan said. Britain, Brazil, Russia and Ireland also saw output increase. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.
*To transfer sales staff from South Europe to South America. AARHUS, Denmark, Oct 3- Ailing Danish wind turbine manufacturer Vestas said on Wednesday it is stopping all non-profitable projects as it battles worsening prospects by slashing costs and jobs to lift medium-term operating margins to high single digit levels.
NEW YORK, Oct 3- U.S. crude futures fell $3 on Wednesday as weak economic data from China and Europe countered any support from a government report of falling crude stockpiles and stronger-than-expected figures for the U.S. services and private employment sectors.
MOSCOW, Oct 3- Russia attracted relatively strong demand for its long-dated treasury bonds on Wednesday despite a weaker rouble, while the equity market extended losses on global economic woes, prior to a series of central bank meetings.
Following are details of the JPMorgan Global Purchasing All-Industry Output Index for September. GLOBAL SERVICES PMI PMI Jobs Orders Inp Prc Backlogs Aug 52.0 51.4 50.8 58.3 49.0 Sept 54.0 49.6 52.8 59.7 47.1 GLOBAL COMPOSITE PMI PMI Orders Jobs Inp Prc Aug 50.9 49.8 50.9 56.2 Sept 52.5 51.6 49.9 58.0.
TORONTO, Oct 3- Canada's main stock index was little changed on Wednesday, as signs the global economic slowdown may be worsening was offset by better-than-expected U.S. data and hopes that Spain will eventually request financial aid. U.S. crude dropped more than $2, hit by weak data from Europe and China. lost 0.7 percent to C $32.71 and Cenovus Energy.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
OTTAWA, Oct 3- Canada's ruling Conservatives will defeat a parliamentary motion asking the government to hold public consultations during its review of the $15.1 billion bid by China's state-owned CNOOC Ltd to buy Canadian oil company Nexen Inc, Industry Minister Christian Paradis said on Wednesday.
*Best Buy founder, private equity firms examine books. Stocks oscillated between gains and losses as hopes that Spain will eventually request a bailout were offset by concern over China's slowing economy.
TORONTO, Oct 3- Thompson Creek Metals Co Inc. The Denver- based miner said it is stopping stripping, the process of removing overlaying earth, at Phase 8 of its Thompson Creek mine to try to save $100 million in operating costs, plus up to $9 million in capital costs, between now and 2014..
LONDON-- Markets remained subdued Wednesday despite some moderately encouraging U.S. jobs figures as investors awaited a key government report later in the week and more clarity over Spain's request for a bailout.
"The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. The Institute for Supply Management said its index of service companies, which includes everything from financial firms to clothing stores, rose in September to the highest level since March.
PAUL EDELSTEIN, ECONOMIST, IHS GLOBAL INSIGHT, LEXINGTON, MASSACHUSETTS. But exports orders fell again given what's happening in Europe and China and employment also slowed from August. If things don't deteriorate further in Europe and China, we should avoid a recession but the economy will not expand fast enough to create more job growth. "
NEW YORK, Oct 3- Brent oil futures fell more than $3 and U.S. crude dropped more than $2 on Wednesday, hit by weak economic data from Europe and China along with sharp slides in gasoline and heating oil futures. Brent was down $3.20 at $108.37 a barrel by 10:13 a.m. EDT, having fallen as low as $108.22. U.S. crude was down $2.29 at $89.60, having dropped as low as $89.25.
Electricity for Wednesday delivery gained 13.80 euros to 44.90 euros per megawatt hour in the over-the-counter market after the Reunification Day holiday in neighbouring Germany had sapped demand a day earlier.
NEW YORK, Oct 3- The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday.
LONDON, Oct 3- France's Areva has dropped out of the race to buy British nuclear new-build project Horizon, the company said on Wednesday, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding.
SEOUL, South Korea-- Along with the now inevitable galaxy of stars promoting blockbusters from across Asia, this year's Busan International Film Festival will screen a North Korean film for the first time in almost a decade as well as six classic Afghan movies that were hidden in a wall to save them from the Taliban.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell sharply on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen $2.11 to $109.46 a barrel by 1257 GMT.