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  • *Investors worry about growth in Europe, China. LONDON, Oct 2- Copper and aluminium slid to fresh multi-month lows on Thursday after the European Central Bank's monthly meeting failed to inspire confidence about future growth, stoking fears about metals demand. Investors were already concerned about the economy in top metals consumer China.

  • NEW YORK, Oct 2- Oil prices fell for the third straight session on Thursday, with Brent hitting its lowest level since June 2012, continuing a three-month long rout as a global supply glut and concerns about demand persisted. But overall the sentiment remained bearish as supply from key producing regions including the United States and Middle East remained...

  • Investors batten down hatches for volatile end to 2014 Thursday, 2 Oct 2014 | 12:06 PM ET

    *Investors see volatile fourth quarter of 2014. LONDON, Oct 2- Global investors are starting to cut back on stock market positions, wary of a wave of financial market turbulence in the final quarter of 2014 as the era of cheap money ends. Since reaching that peak on Sept. 19, Wall Street has dropped nearly 4 percent and many expect more volatility to come.

  • FRANKFURT, Oct 2- To its detractors, Rocket Internet, which on Thursday completed Europe's largest e-commerce flotation in a decade, is either a shameless copycat of others' business ideas or, more harshly, an apocalyptic harbinger of the next tech bubble. Over the years, the Samwers have built and sold German versions of eBay, Facebook, Groupon and others.

  • *Investors worry about growth in Europe, China. LONDON, Oct 2- Copper hit a 16- week low and aluminum slipped to its weakest in three months on Thursday after the European Central Bank's monthly meeting failed to inspire confidence about future growth, stoking fears about metals demand. Benchmark copper on the London Metal Exchange shed 0.8 percent to $6,628 a...

  • PARIS, Oct 2- Ad agency Publicis has kept hold of a major contract with Samsung Electronics, a person familiar with the matter said, calming worries it would lose a client analysts said brought in some 70 million euros last year. Publicis shares were down 0.8 percent at 1531 GMT on Thursday, amid losses across European markets on statements from the European...

  • Oil traders say OPEC may be heading for price war Thursday, 2 Oct 2014 | 11:27 AM ET

    *Traders speculate OPEC price war looming. LONDON/ DUBAI, Oct 2- Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Benchmark Brent crude prices continued to slide...

  • UPDATE 2-Allianz CEO Diekmann to step aside in May Thursday, 2 Oct 2014 | 11:02 AM ET

    FRANKFURT, Oct 2- Allianz will replace its chief executive earlier than expected, promoting insider Oliver Baete from May as the insurer seeks to restore order at Pimco, its U.S. funds business beset by investor and executive defections. Baete, 49, had been seen as front runner for the job, and is currently serving as Allianz's board member for insurance...

  • *Cost forms part of 300 mln stg budgeted for 2014-15. LONDON, Oct 2- British grocer Morrisons will launch its first customer loyalty card on Friday, opening up a new front in an escalating price war with a scheme that guarantees to match discounters Aldi and Lidl as well as traditional rivals. The initiative, announced by Morrisons on Thursday, comes a day after "big...

  • *Europe stocks slump after ECB disappoints. *Wall Street edges lower after global sell-off. Wall Street opened slightly lower after a sharp sell-off the previous session but it was Europe that remained under fire, with stocks tumbling anew after the European Central Bank's monthly meeting left markets feeling unsatisfied.

  • LONDON, Oct 2- Energy-rich Kazakhstan, gearing up for its first Eurobond in over a decade, is seeing its appeal dimmed by falling oil prices and the crisis in nearby Russia, potentially forcing it to give investors a slightly higher yield premium than expected. Fund managers, some of whom attended the presentation in London, said Kazakhstan was keen on a...

  • LONDON, Oct 2- The euro retained its small gains against the dollar on Thursday but remained near a two-year low after the European Central Bank kept interest rates unchanged at historic lows as expected. Investors are now awaiting a news conference at 1230 GMT at which the bank's President Mario Draghi is expected to give further details of the ECB's plan to buy...

  • NEW DELHI/ MUMBAI, Oct 2- Subrata Roy, the jailed head of India's Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months while working on the sale of three luxury hotels in New York and London, a deal that is still hanging. India's top court had allowed the tycoon to use an office, phone, Internet connection and three secretaries in...

  • Wonga agrees to write off debts for thousands Thursday, 2 Oct 2014 | 8:02 AM ET

    LONDON— Payday lender Wonga has agreed to write off the debts of 330,000 people it admits shouldn't have gotten loans in the first place. Britain's biggest payday lender announced the move Thursday after striking an agreement with the Financial Conduct Authority which will require significant changes in the way it does business. The customers affected are...

  • LONDON, Oct 2- Energy-rich Kazakhstan, gearing up for its first Eurobond in over a decade, is seeing its appeal dimmed by falling oil prices and the crisis in nearby Russia, potentially forcing it to give investors a slightly higher yield premium than expected. Fund managers, some of whom attended the presentation in London, said Kazakhstan was keen on a...

  • *Europe stocks drop as global sell-off continues. LONDON, Oct 2- World stocks and oil were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. Confirmation of a case of Ebola in the United States joined a growing list of...

  • LONDON, Oct 2- World stocks were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. All that pushed MSCI's 45- country world stock index to a five-month low and Britain's FTSE, Germany's DAX and France's CAX fell 0.3-0.6...

  • LONDON, Oct 2- "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound sized hole in its first-half profits. Whether conspiracy or cock-up, the scandal raises doubts over the management and financial oversight at Britain's largest private...

  • LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...

  • DIARY - Top economic Events to Oct 16 Wednesday, 1 Oct 2014 | 8:01 PM ET

    Treasury Secretary Jack Lew, U.S. Deputy Secretary Sarah Bloom Raskin participate in open meeting of the President's Advisory Council on Financial Capability for Young Americans in Washington- 1300 GMT. RICHMOND- Federal Reserve Bank of Richmond and the Kiel Institute for the World Economy hold two-day conference on "The Labor Market After the Great...