• *Credit Suisse cuts Lanxess to underperform from neutral; price. target to 60 euros from 65 euros. Reuters Station users, click. 1580.

  • *Morgan Stanley cuts Akzo Nobel price target to 52 euros from 54. euros; rating equal-weight* Morgan Stanley raises BASF price target to 75 euros from 74 euros; rating overweight. *Morgan Stanley cuts Lanxess AG price target to 78 euros from 80.

  • Turkish central bank says to keep cautious stance Friday, 12 Oct 2012 | 3:30 AM ET

    ISTANBUL, Oct 12- Turkey's central bank governor Erdem Basci said on Friday the bank will maintain its cautious stance regarding pricing behavior, with inflation set to stay above its 5 percent target for some time.

  • Oct 12- Burberry Group PLC:. *Morgan Stanley raises Burberry price target to 1,240 p from 1,190 p;. Reuters Station users, click. 1580.

  • *Credit Suisse raises Polymetal target price to 1290 p from 1080 p. *Credit Suisse raises Polyus Gold target price to 260 p from 240 p. *Credit Suisse raises Anglogold Ashanti target price to rand 389 from.

  • Oct 12- Modern Times Group MTG AB:. *Morgan Stanley cuts Modern Times Group price target to Sek 300 from. Reuters Station users, click. 1580.

  • HONG KONG, Oct 12- The billionaire Kwok brothers' corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong's highest-profile graft case in decades.

  • SINGAPORE, Oct 12- Spot iron ore prices in top importer China steadied on Friday after a rally earlier this week spurred caution among buyers Who are worried demand in the world's top steel consumer might not rebound significantly.

  • Oct 12- OGE Energy Corp:. *Jefferies raises OGE Energy Corp to buy from hold; price target to. Reuters Station users, click. 1568.

  • Camfin rallies after convertible bond launch Friday, 12 Oct 2012 | 3:27 AM ET

    MILAN, Oct 12- Shares in Camfin, the parent company of tyremaker Pirelli, extended gains to rise nearly 5 percent in Milan in early trade on Friday. Camfin said on Friday it launched a fixed-rate 150 million euro bond convertible into 5.85 percent of Pirelli shares.

  • BoE's Tucker confident lending scheme will help UK Friday, 12 Oct 2012 | 3:24 AM ET

    TOKYO, Oct 12- Bank of England Deputy Governor Paul Tucker said on Friday that he was confident the central bank's new scheme to boost bank lending would help lower interest rates faced by businesses and households.

  • Buy European financials, buy highly-leveraged high yield, buy domestic exposure and sell exposure to low risk, Deutsche Bank strategists say in a bullish note. "The leading indicator for this recovery could be Italy. Credit growth has fallen faster in Italy, but lending standards appear to be stabilizing.

  • TOKYO, Oct 12- Japan's Chubu Electric Power Co. has signed a contract to buy liquefied natural gas from Qatar for 15 years from 2013 to ensure a stable electricity supply, the company said in a statement on Friday.

  • STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0715 GMT 12 Oct12- AECI falls, sees FY earnings down more than 20 pct-------------------------------------------------------------------.

  • US: Hackers in Iran responsible for cyberattacks Friday, 12 Oct 2012 | 3:22 AM ET

    Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.

  • *Credit Suisse raises Erdemir to outperform from neutral. *Credit Suisse cuts Evraz, Severstal, Raspadskaya. ,Petropavlovsk to underperform from neutral.

  • Oct 12- LDK Solar Co Ltd:. *Responds to the final U.S. doc determination for Chinese solar cells and. *Says strongly regret U.S. doc's final determination to impose countervailing.

  • Cyprus president seeks union backing on austerity Friday, 12 Oct 2012 | 3:19 AM ET

    NICOSIA, Cyprus-- Cyprus' president appealed to trade unions on Friday to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.

  • NORWAY GAS-Flows to Europe rise strongly Friday, 12 Oct 2012 | 3:19 AM ET

    OSLO, Oct 12- Norwegian pipeline gas exports rose strongly on Friday morning on higher flows to Britain, indicating the Royal Dutch Shell's. Exports to Europe including Britain gained by 30.3 million cubic metres to 282.8 mcm per day by 0600 GMT compared with the 252.5 mcm daily average on Thursday, data from gas system operator Gassco showed.

  • European shares lower on poor Q3 earnings view Friday, 12 Oct 2012 | 3:18 AM ET

    LONDON, Oct 12- European shares fell on Friday on persistent concerns about the outlook for the third-quarter earnings season that is expected to keep regional markets within a tight near-term range. At 0709 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent to 1.094. 81 points.