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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.
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ABIDJAN, Oct 4- French industrial conglomerate Bollore plans to spend up to $79 million by 2015 to double capacity at the container terminal it manages at Ivory Coast's main port of Abidjan, the head of the group's Africa division said. We plan to invest 35 to 40 billion CFA francs, " Dominique Lafont told journalists in Abidjan on Thursday.
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By Claire Ruckin and Owen Sanderson. LONDON, Oct 4- Spain's Banco Santander is selling a loan portfolio of up to 2.5 billion euros to Bank of America Merrill Lynch, banking sources said on Thursday.
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*Commission cannot force states to apply recommendations. BRUSSELS, Oct 4- Regulators and operators should act now to improve safety at nuclear power plants, the EU energy commissioner said on Thursday, following inspections across the European Union.
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BERLIN, Oct 4- The International Monetary Fund will cut its German economic growth forecasts for both this year and for 2013 to 0.9 percent, the Handelsblatt daily said in a preview of an article to be published on Friday.
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LONDON, Oct 4- Russian Urals crude strengthened on Thursday as traders cited scarce remaining barrels from the October programme and increased refining runs in Russia and Europe. "I think the market will tighten for November-December as refiners come back on stream in Russia, so you would see less barrels for exports," a trader with a major said.
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PARIS, Oct 4- French engineering group Geci International's Sky Aircraft unit was placed under creditor protection on Thursday, giving it six months to find partners to save the project.
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NEW YORK, Oct 4- Marc Lasry's Avenue Capital Group hedge fund is downsizing and laying off roughly 6.5 percent of its staff, according to an employee memo reviewed by Reuters.
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The gas struts, made by Koblenz, Germany- based auto supplier Stabilus, were involved in four previous recalls of about 276,000 minivans sold in the United States. They could close unexpectedly due to a leak of pressurized gas, increasing the risk of injury, according to a filing by the National Highway Traffic Safety Administration.
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*Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices jumped 2 percent Thursday as Turkey's retaliatory strikes on a Syria sparked more concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.
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BRUSSELS, Oct 4- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp.
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European shares were lower at the close of Thursday's choppy session, after the European Central Bank (ECB) announced interest rates would remain on hold.
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The world's most luxurious designer brands are abandoning Argentina rather than comply with tight new government economic restrictions, leaving empty shelves and storefronts along the capital's elegant Alvear Avenue, where tourists once flocked to see the latest in fashion.
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BRUSSELS, Oct 4- Agfa Gevaert NV:.
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LONDON, Oct 4- European shares closed fractionally lower on Thursday as a gloomy economic outlook dented sentiment, outweighing a boost to risk appetite from global monetary stimulus. became the latest victim of the European downturn on announcing it would have to cut costs and sell a business due to a decline in demand from southern Europe and Britain.
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BRUSSELS, Oct 4- Airlines cannot use strikes as an excuse not to pay compensation to travellers they bump off flights, Europe's highest court said on Thursday, widening the scope of passenger rights in the European Union. Under EU rules, travellers on flights starting or ending in the European Union are entitled to up to 600 euros for being bumped off.
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Struggling small businesses and a stagnant job market cannot wait for Washington policymakers to remedy what ails the U.S. economy, Starbucks CEO Howard Schultz told CNBC’s “Squawk on the Street” on Thursday.
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*Square expands Starbucks' mobile payment options. Oct 4- Smartphone-wielding Starbucks customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.
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The gas struts, made by Koblenz, Germany- based auto supplier Stabilus, were involved in four previous recalls of about 276,000 minivans sold in the United States. They could close unexpectedly due to a leak of pressurized gas, increasing the risk of injury, according to a filing by the National Highway Traffic Safety Administration.
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NICOSIA, Cyprus-- Cyprus is aiming to get a bailout of about 11.5 billion from the other 16 countries that use the euro to recapitalize its troubled banks and pay its bills, officials said Thursday _ significantly less than what its potential rescuers estimate it needs.
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DUBLIN, Oct 4- Ryanair on Thursday held out fresh concessions to win approval to take over Aer Lingus, offering to move some of its rival's planes to continental Europe to operate non-Irish routes and allay concerns about a near monopoly in the domestic market.