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Europe News Europe


  • US stock futures gain on latest positive data Tuesday, 2 Oct 2012 | 9:26 AM ET

    CoreLogic, a private real estate data provider, also said prices rose 0.3 percent in August from July, the sixth straight month of price gains. The CoreLogic report comes a day after the manufacturing survey from the Institute for Supply Management also pointed to an improvement.

  • LONDON, Oct 2- A new research paper by one of the key architects of the ECB's new bond buying plan has advocated the liberal use of bond purchases and giving banks easy access to cheap funding to fight a combined banking and sovereign debt crisis.

  • TEXT-S&P summary: TENEX-Service Tuesday, 2 Oct 2012 | 9:19 AM ET

    Oct 02-=============================================================================== Summary analysis-- TENEX-Service--------------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: BBB-/Stable/A-3 Country: Russia Primary SIC: Misc. business credit institutions=============================================================================== Credit Rating History: Local currency Foreign currency 20- Jan-2012 BBB-/A-3 BBB-/A-3 14- Jul-2011 BB+/ B BB+/ B=============================================================================== Rationale.

  • FLSmidth buys technology from Germany's iSAM Tuesday, 2 Oct 2012 | 9:14 AM ET

    COPENHAGEN, Oct 2- Danish engineering group FLSmidth& Co A/S said on Tuesday it has acquired unmanned operation technology for stackers and train loading systems from the German firm iSAM.

  • Oct 2- Chrysler Group LLC, the smallest U.S. automaker, o n Tuesday said 142,041 vehicles were sold in September, up 12 percent from 127,336 a year ago, and the most sold in September since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.

  • The Nasdaq Composite Index added 14.98 points, or 0.48 percent, to 3,128.51. **ARQULE INC $2.14, down 57.73 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **SIRIUS XM RADIO INC, $2.62, up 2 pct.

  • BRIEF-SCA sells stake in newsprint mill in Britain Tuesday, 2 Oct 2012 | 9:04 AM ET

    *has divested its 50% shareholding in the UK- based newsprint facility Aylesford Newsprint to the private equity company Martland Holdings. *Says the transaction involved a book loss of SEK 850 M and a. negative cash flow effect of SEK 140 M for SCA.

  • VATICAN CITY, Oct 2- A Vatican judge on Tuesday ordered an investigation of the Holy See's police force after Pope Benedict's former butler said he was held in a tiny room with the light on constantly for the first few weeks of his detention.

  • ISTANBUL, Oct 2- Turkish industrial group Yildirim Holding is buying a majority stake in lender Isbank's. Gemport said on Tuesday Yilport, a unit of Yildirim Holding, had signed an agreement to buy a 54 percent stake in Gemport from Isbank.

  • WARSAW, Oct 2- Environmental group ClientEarth, which has been opposing the construction of a 11.6 billion zloty coal-fired power plant by Polish utility PGE, may again move to block the project, a ClientEarth representative told Reuters.

  • Euro star Slovenia becomes another trouble spot Tuesday, 2 Oct 2012 | 8:45 AM ET

    LJUBLJANA, Oct 2- When Slovenia joined the euro in 2007 it had the fastest growth in the currency area and its 2 million inhabitants had some of the highest living standards in eastern Europe. Slovenia could become the first to ask for a bailout. "Slovenia was the best performer and a frontrunner among the new EU members.

  • At the same time, the agency has downgraded Denizbank's Long-term local currency IDR to' BBB-' from' BBB'. The rating actions follow the announcement on 28 September 2012 by Belgian-based bank Dexia that it has completed the sale of a 99.85% stake in Denizbank to Russia's Sberbank.

  • LONDON, Oct 2- Goldman Sachs and Credit Suisse have emerged from the financial crisis as the biggest suppliers of brokerage services to the embattled hedge fund industry, a new study showed on Tuesday. Credit Suisse, which counts European hedge fund giant Brevan Howard as a key client, is in second place with $200 billion of assets.

  • CANADA STOCKS-TSX may open higher on Spanish hopes Tuesday, 2 Oct 2012 | 8:36 AM ET

    Oct 2- Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.

  • Chrysler says September sales best since 2007 Tuesday, 2 Oct 2012 | 8:27 AM ET

    Oct 2- Chrysler Group LLC said Tuesday that September sales were 142,041 vehicles, up 12 percent from 127,336 a year earlier, and the highest for the month since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.

  • Oil supported by upbeat US manufacturing data Tuesday, 2 Oct 2012 | 8:26 AM ET

    By early afternoon in Europe, benchmark oil for November delivery was up 18 cents to $92.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed up 29 cents at $92.48 in New York on Monday after a report showed U.S. manufacturing grew in September for the first time in four months.

  • Underwhelming debut for YSL's Slimane Tuesday, 2 Oct 2012 | 8:26 AM ET

    PARIS-- When fashion editors put down their pens halfway through a catwalk show, it's always cause for worry. That's not to mention an oversized black and white coat that could have been worn by Cruella de Ville. Pierre Berge, Saint Laurent's former partner, speaking ahead of the show said: "knows the Saint Laurent DNA, the spirit."

  • DOHA/ LONDON, Oct 2- Qatar Airways will not take delivery of Boeing's 787 Dreamliner until an engine defect is modified, its chief executive said on Tuesday. Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co.' s new-generation GEnx engine for the aircraft.

  • Infrastructure investment funds stay buoyant-study Tuesday, 2 Oct 2012 | 8:21 AM ET

    *Funds raise $14 bn through interim closes. LONDON, Oct 2- Infrastructure funds continued to attract new money in the last three months, with institutional investors making fresh allocations in their quest for stable, inflation-linked returns, a new study has found.

  • UK government hosts 4G talks with operators Tuesday, 2 Oct 2012 | 8:19 AM ET

    LONDON, Oct 2- Britain's mobile operators will be urged to put aside hostilities in order to accelerate the roll-out of superfast broadband at a meeting with the regulator and the government later on Tuesday. O2, owned by Telefonica, and Vodafone, both protested against Ofcom giving EE what they said was an unfair head start in 4 G.