MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global prices hurt public finances, and it is shelving a tainted $3.75 billion high-speed train tender as part of its austerity measures. Finance Minister Luis Videgaray said the cuts were intended to reassure global investors that Mexico will keep its...» Read More
*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.
*Mills likely to replenish when China returns next week. SINGAPORE, Oct 5- Bids for iron ore forward swaps remained firm on Friday, reflecting investor expectations spot iron prices will bounce back as Chinese steel mills replenish inventories when they return next week.
EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger amid positive signals from Britain and France, but German misgivings over control remain a major hurdle, sources close to the talks said.
Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.
*Turkey- Syria conflict stokes supply fears. SINGAPORE, Oct 5- Brent futures slipped below $112 per barrel on Friday, but they are 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.
TOKYO, Oct 5- Pan Pacific Copper, Japan's biggest copper smelter and a subsidiary of JX Holdings, said it plans to produce 268,300 tonnes of refined copper in the October-March second half, up 12.4 percent from the same period last financial year.
SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the Summer Games to Rio de Janeiro is set to extend his rule amid increased criticism and accusations of wrongdoing.
WELLINGTON/ SYDNEY, Oct 5- The Aussie and New Zealand dollars bobbed up on Friday, as risk aversion eased after the European Central Bank said it was ready to buy bonds of troubled euro zone countries, while markets awaited the outcome from a Bank of Japan policy meeting.
HONG KONG, Oct 5- Hong Kong shares are expected to rise for a fifth straight session and poised to end a holiday-shortened week with mild gains, although caution ahead of U.S. payrolls data is likely to keep trading activity light.
*Says EBX to raise $2 billion before year-end. SAO PAULO, Oct. 4- Eike Batista, Brazil's richest man, said his energy, mining and shipbuilding conglomerate EBX will raise $2 billion by the end of the year, without specifying the means.
*Facebook confirms billion user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
*ISS recommends shareholders vote to re-elect all News Corp directors. Oct 4- News Corp's controlling Murdoch family received a major endorsement, and won a symbolic victory, with proxy advisory group Institutional Shareholder Services' recommendation that shareholders vote to re-elect the company's board of directors at its annual shareholder meeting.
BRASILIA, Brazil-- Brazil says it will grant tax breaks to companies that produce safer and more fuel-efficient cars. Next year, all cars made in Brazil must have air bags and ABS brakes. Brazil is the world's seventh-largest motor vehicle producer.
*Facebook confirms billion-user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
SAO PAULO-- Fire forced the shutdown of a transformer in a substation, causing a 30- minute-long power outage in five Brazilians states, the country's Electric Energy System Operator said Thursday. "There was no blackout, but a preventive and controlled shutdown," agency director Hermes Chipp told reporters.
Oct 4- Fitch Ratings has affirmed the' BBB' investment grade debt ratings and Issuer Default Ratings of The Mosaic Company. Demand will be enhanced by the drought and heat damage to this season's crops, particularly in the U.S. but also in Russia and India.
BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.
*Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
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.
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.