France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
PARIS, Oct 8- France's CGT trade union has called for a 24- hour strike in the energy sector to protest against site closures, an action that could hit power production at the country's thermal and nuclear plants. The action is part of Tuesday's national day of protest against job cuts and plant closures called by CGT, France's biggest trade union.
*China's telecom gear makers pose potential risk- panel draft. WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market as 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.
PARIS, Oct 8- French drugmaker Sanofi said on Monday it will buy back certificates related to the success of Genzyme drugs for a total cost of about $70 million, representing $1.75 per contingent value right. Sanofi said last month it would buy back up to $152 million worth of the outstanding CVRs, which are linked to its 2011 purchase of U.S. biotech Genzyme.
--On Oct. 5, 2012, Precision Capital and the Grand Duchy of Luxembourg finalized the acquisition of respectively 90% and 10% of Dexia S.A.' s stake in Banque Internationale a Luxembourg. --At the closing, BIL's common Tier 1 ratio amounted to 9% under Basel III following the EUR204 million capital injection from Dexia.
Oct 08-=============================================================================== Ratings-- Banque Internationale a Luxembourg--------------------- 08- Oct-2012=============================================================================== CREDIT RATING: A-/Stable/A-2 Country: Luxembourg Primary SIC: Commercial banks, nec=============================================================================== Credit Rating History: Local currency Foreign currency 06- Oct-2011 A-/A-2 A-/A-2 19- Dec-2008 A/A-1 A/A-1 07- Oct-2008 A+/ A-1 A+/ A-1 29- Sep-2008 AA-/A-1+ AA-/A-1+=============================================================================== Issues: Rating Rating Date EUR10 bil med-term note Prog 11/06/1995: sr unsecd A- 06- Oct-2011 Â ¥3 bil var/fixed rate power reverse dual curr nts ser 150 due 08/27/2014 A- 06- Oct-2011 Â ¥3 bil var rate callable nts ser 240 due 03/15/2016 A- 06- Oct-2011 Â ¥4 bil Capped callable fxd/index-linked nts ser 327 due 03/27/2017 A- 06- Oct-2011 Â ¥3 bil FX/swap-rate linked callable med-term nts ser 714 due 06/24/2014 A- 06- Oct-2011 AUD42.6 mil step up callable med-term nts ser 746 due 08/06/2014 A- 06- Oct-2011 US $36 mil zero cpn
*CPI down 0.4 pct year/year, up 0.3 pct month/month. *Deflationary trend easing a year after SNB capped franc. ZURICH, Oct 8- Swiss consumer prices fell at a slightly slower pace in September, although there is little sign of inflationary pressure resuming, suggesting the central bank will maintain its currency cap to ward off deflation and the risk of recession.
BERLIN, Oct 8- German industrial output edged down in August due to a weaker construction sector, Economy Ministry data showed on Monday, suggesting that Europe's largest economy is weathering the euro zone crisis relatively well. Industrial production in Germany slipped by 0.5 percent on the month in August.
BERLIN, Oct 8- Germany's Economy Ministry reported the following economic indicator on Monday:. GERMAN INDUSTRY OUTPUT Aug 12 July 12 Aug/July 12 Month-on-month change -0.5 +1.2 +0.8 Index 112.0 113.5 113.2 NOTES.
BRUSSELS, Oct 8- Hutchison 3 G will seek to convince doubting EU regulators of the merits of its 1.3- billion-euro bid for France Telecom's.
LONDON, Oct 8- British prompt gas prices eased on Monday as imports from Norway via the Langeled pipeline regained full strength following processing problems last week, while milder weather forecasts for October also helped keep a lid on gains.
OSLO, Oct 8- Nordic spot power prices were expected to rise on higher exports to Germany and colder weather boosting consumption, analysts said on Friday. Consumption in Norway, Sweden and Finland is expected to rise by 960 MW to 43,400 MW as temperatures were forecast to drop by 1.8 degrees Celsius.
BERLIN, Oct 8- Germany sold 2.42 billion euros of a new 6- month Bubill on Monday at a negative yield, attracting more demand than at a previous auction in September as the euro zone crisis continues to drive investors into safe haven assets. The auction drew bids of 2.3 times the amount allotted, compared with 1.5 at a previous sale on September 10.
PARIS, Oct 8- France's CGT trade union called for a 24 hour strike in the energy sector to protest against site closures, an action that could hit power production at the country's thermal and nuclear plants, a spokesman for the union said on Monday.
FRANKFURT, Oct 8- Key Euribor bank-to-bank lending rate hit fresh record lows on Monday, pushed down by large amounts of excess liquidity sloshing around in the money markets. The amount of excess cash in the euro zone banking system remains extremely high at 711 billion euros according to Reuters calculations.
PARIS, Oct 8- France's Total and Exxon Mobil Corp have agreed to exchange interests in a range of assets on the Norwegian Continental Shelf, Total said in a statement on Monday.
*World Bank says China economic slowdown could get worse. LONDON, Oct 8- Brent crude oil fell below $111 per barrel on Monday on concerns slower economic growth would curb oil demand, but supply worries stemming from tension in the Middle East helped check losses.
*Air France-KLM also signs code share with Air Berlin. PARIS, Oct 8- Air France-KLM, Air Berlin and Abu Dhabi flag carrier Etihad, plan to offer passengers access to some of each other's services from Oct. 28 in a sign of improving relations between European and Gulf carriers.
BRUSSELS, Oct 8- Euro zone finance ministers will launch their 500 billion euro permanent bailout fund on Monday, putting in place a major defence against the debt crisis that now threatens Spain.
BERLIN, Oct 8- Volkswagen's Audi. luxury-car division increased sales by 13.6 percent in September to 136,600 vehicles, powered by demand from China and the United States.
BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.