Ikea will sell its low-cost solar panels in more countries beginning with the Netherlands.» Read More
FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.
*Weak economic outlook in China, Europe weighs on prices. HOUSTON, Sept 22- Crude oil futures fell more than $1 on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries.
NEW YORK, Sept 22- A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to that group.
MILAN/ LUANDA, Sept 22- Angola's liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project's cost to at least $12 billion.
NEW YORK, Sept 22- Concern about a potential economic slowdown in China pressured world stock indexes on Monday while Brent crude oil fell below $97 a barrel on sluggish demand and ample supplies.
PARIS/ LONDON, Sept 22- European shares fell on Monday, with a benchmark index retreating from the previous session's near-seven-year high, as concern over the pace of growth in China knocked down mining heavyweights such as Rio Tinto and BHP Billiton.
An exception was the Australian dollar, stung by concerns over global growth and suggestions at a meeting of G20 officials that China might hold off from further stimulus for the economy. Australia's currency is often used as a liquid proxy for China plays, as the two countries are major trading partners.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.
MANCHESTER, England, Sept 22- Britain's opposition Labor party promised on Monday to keep a firm grip on spending if it wins next year's election, seeking to persuade voters with tough budget talk that the recovering economy will be safe in its hands.
With a worldwide gross of over $6.2 billion, "The Lion King" stage musical has now achieved the most successful box office total of any work in any media in entertainment history, The Associated Press has learned.
LONDON, Sept 22- Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973..
*Exchange seeks expansion in top metals consumer China. The launch of LME Clear is a key step by LME owner Hong Kong Exchanges and Clearing Ltd to generate profits after paying $2.2 billion to buy the LME in December 2012, a price which many analysts regarded as very high.
PARIS/ LONDON, Sept 22- European shares fell on Monday, with a benchmark retreating from a near seven-year high touched in the previous session, as concerns over the pace of growth in China knocked lower mining heavyweights such as Rio Tinto and BHP Billiton.
HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.
*Siemens shares down 0.6 percent, Sulzer down 4.2 percent. FRANKFURT, Sept 22- Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market.
*Weak economic outlooks in Europe, China weigh. *Investors look past possible OPEC output cut. Comments from OPEC's secretary general last week that the group could cut output next year buoyed Brent, but investors' attention turned back to the gloomy economic outlook in Europe and China, which has curbed oil demand.
LONDON, Sept 22- Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its accounts, the latest blow of several to the reputation of Britain's biggest grocer.
LONDON— Tesco, the world's second-largest supermarket chain after Walmart, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds.
LONDON, Sept 22- Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.
"Tesco has dealt investors a severe blow to confidence, with fellow food retailers also suffering," Keith Bowman, equity analyst at Hargreaves Lansdown, said. "Concerns regarding China, comments from the Finance Minister and whether additional economic stimulus will be applied also appears to be hitting investor sentiment."