Europe News Europe

  • 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.

  • SEOUL, Oct 8- Seoul shares fell slightly on Monday morning as investors braced for a slowing world economy and kept a wary eye on the upcoming earnings season. The MSCI index of Asia-Pacific shares excluding Japan was down 0.73 percent.

  • BANGKOK-- Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Benchmarks in Singapore, Taiwan and mainland China also fell. Andrew Sullivan, principal sales trader at Piper Jaffray in Hong Kong, said protests in Spain and IMF concerns over Greece continue to worry investors.

  • *World Bank says China economic slowdown could get worse. *Turkey retaliates against Syria bombing for 5th day By Florence Tan.

  • *Nifty futures on Singapore Exchange. *India's capital markets regulator on Saturday permitted loss-making listed firms to raise funds by selling shares, making it easier for such firms to meet their capital needs.

  • *Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • WASHINGTON, Oct 7- China's top telecommunications gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.

  • HONG KONG, Oct 8- Data from the HSBC Hong Kong Purchasing Managers' Index for September:. *The latest PMI figure was the lowest in four months and signalled a deterioration in operating conditions in Hong Kong's private sector as output and new orders declined. *Output contracted in September and the index was at its lowest level since November 2011.

  • BEIJING-- 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 bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • BANGKOK, Oct 8- Following is some company-related and market news which could have an impact on the local market on Monday. --PTT EXPLORATION AND PRODUCTION PCL.

  • TAIPEI, Oct 8- Taiwan stocks rose 0.23 percent on Monday, with biotech and healthcare counters. The Taiwan dollar was up by T $0.118 to trade at T $29.25. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, with mining stocks losing ground while banks gained, and traders were looking for new momentum drivers as the market consolidated last week's rise to 14- month highs.

  • MANILA, Oct 8- Following are some market news which could have an impact on the local market. INSTRUMENT LAST PCT CHG NET CHG S&P 500 1460.93 -0.03 -0.470 USD/JPY 78.7 0.06 0.050 10- YR US TSY YLD 1.7428-- 0.000 SPOT GOLD 1778.6 -0.11 -1.880 US CRUDE 89.66 -0.24 -0.220 DOW JONES 13610.15 0.26 34.79 ASIA ADRS 120.65 -0.45 -0.55.

  • HONG KONG, Oct 8- Hong Kong shares are set to extend a five-session gaining streak on Monday helped by a higher open in Chinese markets that resume trading after a week-long holiday.

  • LONDON, Oct 8- Etihad Airways, Abu Dhabi's flag carrier, will announce a code share agreement with Air France-KLM on Monday, the Financial Times reported. The deal will not include an equity stake and signals a thawing of relations between Europe's flag carriers and the younger Gulf airlines, the FT said.

  • Seven global electricity and nuclear technology companies are threatening on Monday to withdraw plans for hundreds of millions of pounds of future investment in Britain because of attempts by George Osborne to water down the government's green commitments.

  • TAIPEI, Oct 8- Following are news items and media reports that may affect the Taiwan stock market. >Huawei, ZTE should be kept from US: Congress. >Taiwan Sept CPI dips, rate view seen unchanged.

  • -Singapore on Friday set a maximum tenure of 35 years for all new residential property loans as part of new measures to cool its housing market.

  • BERLIN, Oct 6- Germany will start talks with Singapore next week on a deal to prevent its citizens from evading taxes by shifting their money to the Asian state, a government source said on Saturday.

  • SEOUL, Oct 8- Seoul shares are likely to hold a narrow range on Monday as the market awaits stronger signals on progress in combating the euro zone's ills, despite positive U.S. jobs data. Investors here will likely wait for more news from the euro zone, "said Cho Byung- hyun, an analyst at Tong Yang Securities.