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
By Lefteris Papadimas and Dina Kyriakidou. ATHENS, Oct 1- Greece will bring forward painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession, according to a 2013 budget draft aimed at satisfying international lenders.
BRUSSELS, Oct 1- A European Union-wide safety review of nuclear reactors is expected to be finalised later this week, and will include recommendations on additional safety measures required at some power plants.
*EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.
The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.
ZURICH, Oct 1- Politicians and commentators in Switzerland are worried that the nomination of Peer Steinbrueck- a critic of Swiss banking secrecy- to challenge Angela Merkel in an election next year may foil a tax deal with Germany and fan anti-Swiss sentiment.
Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.
--On April 20, 2012, we placed on CreditWatch negative our rating on Haus-1998-1's class B-2 notes, as a result of deteriorating credit support. Standard& Poor's Ratings Services has today taken various credit rating actions in Haus-1998-1 Ltd..
LONDON, Oct 1- European shares rebounded from three-week lows on Monday in a technical rally, with price dips and the unsurprising results of a Spanish bank stress test luring investors into the market, but analysts said the bounce was unsustainable. fiscal cliff "of scheduled tax hikes and government spending cuts as well as the situation in Spain.
*Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- The EU warned on Monday of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.
*ArcelorMittal will look to move workers to new jobs. By Vincent Kessler FLORANGE, France, Oct 1- Steelmaker ArcelorMittal.
LONDON, Oct 1- The results of two studies into Roche's breast cancer drug Herceptin published on Monday showed that the current standard treatment of taking the drug for a year provides the best outcome for patients.
PARIS, Oct 1- Lagardere Chief Executive Arnaud Lagardere met with EADS CEO Tom Enders on Monday after the media conglomerate issued a statement calling for a rethink of the planned merger between EADS and BAE Systems.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
NEW YORK, Oct 1- U.S. stock index futures rose on Monday at the start of a new quarter before data that could show manufacturing's contraction was slowing. *The final Markit Manufacturing PMI for September is due at 8:58 a.m., and the Institute for Supply Management's September manufacturing index is expected at 10 a.m..
LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
*Spain sales down 37 pct, hit by tax increase, scrappage. *Italy car sales due later Monday, German figures Tuesday. PARIS, Oct 1- Car sales dropped further in austerity-hit France and Spain last month, and France's CCFA auto industry association cut its full-year market forecast, highlighting the pain for automakers that have warned there is no recovery in sight.
NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.
KARLSRUHE, Germany, Oct 1- Germany's third-largest utility EnBW could end up selling more than a planned 1.5 billion euros in assets, the group's new chief executive said on Monday. High debt and the need for investment in new areas such as renewable energy have forced Germany's three top utilities to launch large asset sales worth a combined 23.5 billion euros.
French tire manufacturer Michelin leads the gains on France's blue-chip CAC index, with their shares rising 4 percent after UBS upgrades stock from' Neutral' to' Buy'. "Michelin's risk/reward profile is improving with higher returns from a more diversified portfolio than peers," UBS analysts write in a note.
Among the 12 applicants were Enerjisa Elektrik, co-owned by Sabanci Holding and Austria's Verbund, as well as Park Holding, Aksa Elektrik, Calik Enerji and Zorlu Holding.