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  • COLOMBO, Oct 4- Sri Lankan stocks ended weaker for a fourth straight session on Thursday on profit taking in hotel shares while the rupee edged up on dollar sales by a state-run bank. The Colombo Stock Exchange's main index dropped 0.5 percent, or 29.34 points, to close at 5,861.35, its lowest since Sept. 19.

  • MUMBAI, Oct 4- India's main BSE index rose to a 15- month peak on Thursday, while the NSE index hit a 17- month high, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as ICICI Bank.

  • Oct 4- Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about $340 million in severance and other costs in the third quarter and it warned of further restructuring.

  • Iran police on watch after currency protests Thursday, 4 Oct 2012 | 6:54 AM ET

    TEHRAN, Iran-- Iran deployed riot police at key Tehran intersections on Thursday, after tensions flared over the nation's plunging currency in the most widespread display of anger linked to the country's sanctions-hit economy.

  • EU poised to agree ban on Iranian gas imports-sources Thursday, 4 Oct 2012 | 6:51 AM ET

    BRUSSELS, Oct 4- The European Union is poised to ban imports of Iranian gas into Europe as part of its efforts to ratchet up pressure on the Islamic Republic over its nuclear programme, diplomats said on Thursday.

  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • The private equity firm named Phil Seskin as an industry executive in the communications vertical. Most recently, Seskin was senior vice-president of corporate development at Verizon Communications Inc.

  • Oct 4- Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about $340 million in severance and other costs in the third quarter and it warned of further restructuring.

  • MUMBAI, Oct 4- India has shortlisted five banks including Goldman Sachs, Citigroup and Bank of America Merrill Lynch for a selldown of some state shares in miner NMDC Ltd, two sources with direct knowledge of the situation said on Thursday.

  • PUDUCHERRY, India, Oct 4- The Reserve Bank of India Governor Duvvuri Subbarao said on Thursday there was a need to bring down inflation further and the central bank's effort will be to rein in inflation while supporting growth. He was speaking to reporters in the southern city of Puducherry after the central bank's board meeting.

  • Business spooked by UK tax avoidance clampdown Thursday, 4 Oct 2012 | 6:26 AM ET

    LONDON, Oct 4- The activists who have protested in recent months at the tax arrangements of some leading British companies are united with many politicians in wanting to cut corporate tax avoidance.

  • The European Central Bank is not expected to cut rates at the monthly policy making session despite weaker economic data, but was seen likely to be pressed on negotiations with Spain over its financing needs in the news conference which follows.

  • PUDUCHERRY,, Oct 4- India's final fiscal deficit level would be an important variable for the central bank's monetary policy stance, Duvvuri Subbarao, the governor of the Reserve Bank of India said on Thursday. The government aims to keep the fiscal deficit at 5.1 percent of the GDP in 2012/ 13 fiscal year that ends in March.

  • *Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.

  • Indian shares hit multi-month highs; financials rally Thursday, 4 Oct 2012 | 6:11 AM ET

    MUMBAI, Oct 4- India's main BSE index rose to a 15- month high, while the NSE index hit 17- month highs, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as State Bank of India and ICICI Bank. State Bank of India gained 2.2 percent, while ICICI Bank rose 3.1 percent.

  • *Japan smelter offers $85 a tonne for 2013 vs $100 for 2012* Top producer Codelco said to be mulling $105 a tonne. TOKYO, Oct 4- Japan's biggest copper smelter, Pan Pacific Copper, is in talks with buyers in China to slash its term premium for 2013 shipments by 15 percent from this year, a source familiar with the matter said, as demand slows in the metal's top consumer.

  • *Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.

  • NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.

  • LONDON, Oct 4- Turkish stocks fell 1.6 percent on Thursday and credit default swaps jumped after a sharp escalation in political risks caused by retaliatory military raids within the Syrian border. "Clearly a short-term risk for Turkey and Turkish assets," said Simon Quijano-Evans, chief EEMEA economist at ING. MSCI emerging stocks rose 0.3 percent.

  • *Japan smelter offers $85 a tonne for 2013 vs $100 for 2012. TOKYO, Oct 4- Japan's biggest copper smelter, Pan Pacific Copper, is in talks with buyers in China to slash its term premium for 2013 shipments by 15 percent from last year, a source familiar with the matter said, as demand slows in the metal's top consumer.