"The last few decades have shown that Communist Party rhetoric typically doesn't play out in the real world," says an author and former China resident.» Read More
NEW YORK-- Olive Garden is tossing out its famous "When You're Here, You're Family" slogan to cater to a more modern lifestyle. It was a very stereotypical Italian family dinner, "said Jay Spenchian, executive vice president of marketing at Olive Garden.
*France, Britain said to support deal, Germany seeks stake. BERLIN/ PARIS, Oct 5- EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger to create the world's biggest arms group amid positive signals from Britain and France, but German misgivings over control is a big obstacle, sources close to the talks said.
HONG KONG, Oct 5- Asian credit spreads moved in further on Friday boosted by inflows into riskier assets and as sentiment remained upbeat ahead of the crucial US jobs data. The iTraxx Asia ex- Japan investment grade index series 18 tightened by 1-2 bp to 128/ 131 bp after the European Central Bank provided further assurance about its bond buying programme.
*XL Foods, the Alberta beef packer at the center of a massive recall, is taking full responsibility for the tainted product as questions mount over why Canadian officials let the company's plant operate for two weeks after the U.S. deemed the meat unfit to cross the border.
LOS ANGELES, Oct 5- New shows "The New Normal," "Girls" and comedy "Go On" have helped U.S. television rack up a record number of gay, bisexual and transgender characters, gay rights group GLAAD said on Friday.
*Turkey- Syria conflict stokes supply concern. LONDON, Oct 5- Oil slid below $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 0947 GMT were trading at $111.93- down 65 cents.
In Europe, the FTSE 100 index of leading British shares was up 0.3 percent at 5,846 while Germany's DAX rose 0.5 percent to 7,342. The CAC-40 in France was 0.7 percent higher at 3,427.. The price of oil was steady after advancing in the wake of concerns of rising tensions between Turkey and Syria _ the benchmark New York rate was 74 cents lower at $90.95 a barrel.
LONDON, Oct 5- The James Bond film franchise turns 50 on Friday with the release of a revealing new documentary about its turbulent past and the first listen of the new theme tune performed by Adele.
SINGAPORE, Oct 5- Singapore's economy probably contracted further in the third quarter because of poor demand for its manufacturing exports, tipping the island into a recession and reinforcing expectations of policy easing by the central bank at its meeting next Friday.
Michael Degolyer, Professor of Government and International Relations, Hong Kong Baptist University & Terrill Frantz, Assistant Professor, Faculty of HSBC Business School, Peking University discuss the major sticking points gathered from the first round of the U.S. Presidential Debate.
BANGKOK-- Better-than-expected U.S. economic data helped boost stock markets Friday ahead of a monthly report on employment in the world's top economy. Government figures showing the number of Americans seeking unemployment benefits for the first time rose to 367,000 last week.
LONDON, Oct 5-* U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent.
WASHINGTON-- Mitt Romney's Medicare plan won't try to control costs by limiting the payments that future retirees would use to buy private health insurance, aides say. Reining in costs is vital to keeping Medicare affordable, and in their plans both President Barack Obama and Romney's running mate, Paul Ryan, set limits on the growth of future spending.
SINGAPORE, Oct 5- Taiwan's Formosa Petrochemical Corp sold a jet fuel cargo for November loading at a four-year high premium as demand from the United States remained strong, traders said on Friday. The company sold 300,000 barrels of jet fuel for Nov. 5-9 loading to Chevron at a premium of about 85 cents a barrel above Singapore quotes, they said.
WASHINGTON-- With President Barack Obama knocked off stride and the election looming, the government is issuing new unemployment data likely to underscore the slow economic recovery and ensure that jobs remain the top issue of the presidential campaign.
WASHINGTON-- With a month to go until the presidential election, the government on Friday issues its September jobs report, expected to show an uptick in the U.S. unemployment rate after employers added only a modest number of jobs. The Labor Department issues the jobs report at 8:30 a.m. EDT.
SYDNEY, Oct 5- Australian shares rose 0.9 percent to their highest close in more than 14 months on Friday, tracking a fourth day of gains on Wall Street on expectations of positive U.S. payrolls data later in the day.
*Turkey- Syria conflict stokes supply fears. SINGAPORE, Oct 5- Brent futures slipped towards $112 per barrel on Friday, but were on course to end a choppy week nearly flat as rising tensions in the Middle East battle with perennial worries about the global economy and oil demand.
SYDNEY, Oct 5- Australian shares rose 0.9 percent on Friday, lifted by mining and banking stocks as the market was supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.
TOKYO, Oct 5- Sony Corp said it has halted sales of its Xperia tablet PCs, a month after its launch, after discovering gaps between the screen and the case that make some of the machines susceptible to water damage.