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
MILAN, Oct 1- Italian energy group Edison said on Monday it had won a dispute with Eni to review the price of its long-term gas contract from Libya, its second gas arbitration victory in less than a month. In September Edison, which is owned by France's EDF, won in arbitration a 450 million euro discount on its liquefied natural gas supplies from Qatar's Rasgas.
LONDON, Oct 1- The downturn of the world's manufacturing sector eased slightly in Septmeber as output and new orders declined at a slower pace, a business survey showed on Monday.
MADRID-- Europe's commissioner for monetary affairs, Olli Rehn, said Monday that Spain had as not yet asked for a bailout package and added that he was confident the recession-strapped country would meet its stated deficit reduction goals.
TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.
Sept 4- Following are details of the JPMorgan Global Purchasing Managers' Index for September. PMI Output Orders Jobs Deliv Stocks Inp New Prcs export Aug 48.1 47.4 46.7 49.5 50.6 48.9 49.5 46.5 Sept 48.9 48.1 48.1 50.7 50.0 48.3 52.7 47.1.
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.
MOSCOW, Oct 1 (Reuters- Dutch bank ING is closing its equity markets desk covering Central and Eastern Europe and Russia, with the loss of around 100 jobs, it said on Monday. The job losses were spread across offices in London, Moscow, Prague and Budapest.
*ArcelorMittal will look to move workers to new jobs. FLORANGE, France, Oct 1- ArcelorMittal told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant and management offices at the site on Monday.
LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.
FRANKFURT, Oct 1- Police in West Saxony said on Monday the white powder found at Deutsche Bank's offices in the town of Schkeuditz, east Germany, was not hazardous to health and did not harm any employee.
By Gernot Heller and James Regan. BERLIN/ PARIS, Oct 1- Airbus parent EADS and arms group BAE Systems must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world's biggest defence company unless its demands were met.
OSLO, Oct 1- France's Total expects to start production at the Atla gas and condensate field in the North Sea this week, a spokesman said on Monday. There are still some issues to be solved at the host platform, "said Total spokesman Leif Harald Halvorsen.
By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.
FRANKFURT, Oct 1- Deutsche Boerse is exploring an expansion into trading currency futures contracts, a source close to the company said on Monday, mirroring a similar push by arch-rival CME Group Inc..
The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.
*Euro zone slipping into recession, China still slowing. The weak U.S. data followed surveys in the euro zone that showed manufacturing slackened in the three months to September while Asia's factories are continuing to struggle in the face of tepid demand from the United States and Europe.
Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.
FRANKFURT, Oct 1- U.S. energy transmission developer Anbaric Transmission said it does not intend to bid for the German operations of Dutch power grid operator TenneT. now or in the future. Anbaric reacted to a media report which said the group is mulling taking a stake in German power grid operator TenneT and wants to invest around $4 billion.
*Austria, Britain deals can come into force in January. ZURICH, Oct 1- Deals with Germany, Britain and Austria to tax secret Swiss bank accounts appear unlikely to go to a referendum in Switzerland after opponents of the plan failed to submit enough signatures.
The benchmark indexes of Greece and Germany- generally perceived as the euro zone's riskiest and safest equity markets, respectively- were the region's top performers in the third quarter as investors sentiment improved sharply. The Athens- based ATG index jumped 21 percent in its best quarterly showing since 2009, while Germany's DAX added 12.5 percent.