Semiconductor stocks rose after a strong earnings report from Analog Devices. U.S. markets will be closed Thursday for Thanksgiving. They will reopen for an abbreviation session on Friday, when trading will close at 1:00 p.m. Eastern time.» Read More
Reuters Messaging: email@example.com 0829 GMT 11 Oct12- Absa recovers after sell-off----------------------------------------------. Shares of South Africa's Absa Group recover more than 1 percent to 136.11 rand following a sharp sell-off in the previous session, when shares were hit by news a group of black shareholders had sold a stake in the bank worth about $370 million.
MUMBAI, Oct 11- Lenders to India's Suzlon Energy Ltd will look at ways to restructure the debt of the world's fifth-largest maker of wind turbines to help it repay bondholders, a senior official of the State Bank of India.
SINGAPORE, Oct 11- India's Essar Oil has sold a naphtha cargo to Shell at about $32 a tonne above Middle East quotes on a free-on-board basis, with premiums holding steady with two previous deals, traders said on Thursday.
--We expect China- based conglomerate Baosteel to demonstrate lackluster operating performances and to make increasing investments in 2012-2013, leading to weaker credit protection measures. At the same time, we are lowering our long-term Greater China regional scale ratings on Baosteel and its debt to' cnAA' from' cnAA+'.
BERLIN, Oct 11- Hungarian Prime Minister Viktor Orban said Europe's democracies might not be up to coping with the crisis they face, making the case in an interview for the "presidential" form of leadership that has let him drive through tough reforms at home. "Our current democratic systems have built-in weaknesses," he said, referring to Europe. "
PARIS, Oct 11- Henri Proglio, the chief executive of French state-controlled power group EDF, is stepping down from the board of Veolia Environnement. Proglio, who started working for Veolia's former parent Compagnie Generale des Eaux in 1972, became its CEO in 2003. He left the helm in 2009 when appointed EDF chief executive.
*Mizuho Securities cuts Adtran price target to $10 from $17; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
ATHENS, Oct 11- Greece's jobless rate rose for the 35th consecutive month in July, scaling a new record of 25.1 percent from an upwardly revised 24.8 percent in June, the country's statistics service ELSTAT said on Thursday.
SINGAPORE/ TOKYO, Oct 11- Japan's Mitsubishi Chemical Corp said on Thursday it was unclear when its No.2 naphtha cracker in Kashima would resume operations following the unit's closure this week after a power outage, but traders say it could be as much as two weeks.
Oct 11-=============================================================================== Ratings-- Baosteel Group Corp.----------------------------------- 11- Oct-2012=============================================================================== CREDIT RATING: A-/Stable/-- Country: China Primary SIC: Steel investment foundries=============================================================================== Credit Rating History: Local currency Foreign currency 11- Oct-2012 A-/-- A-/-- 20- Nov-2011 A/-- A/-- 23- Aug-2009 NR/-- NR/--=============================================================================== Issues: Rating Rating Date CNY1 bil 3.125% bnds due 12/01/2013 A- 11- Oct-2012 CNY2.1 bil 3.50% bnds due 12/01/2014 A- 11- Oct-2012 CNY500 mil 4.375% bnds due 12/01/2016 A- 11- Oct-2012 CNY500 mil 3.25% bnds due 03/01/2014 A- 11- Oct-2012 CNY900 mil 3.675% bnds due 03/01/2015 A- 11- Oct-2012 CNY1.5 bil 4.15% bnds due 03/01/2017 A- 11- Oct-2012.
BERLIN, Oct 11- The European Central Bank's plans to buy bonds of struggling euro zone countries breaks the taboo of financing states and increases the danger of inflation, Germany's leading economic institutes said on Thursday. "see the risk of a mid-term rise in inflation.
-Gross foreign portfolio inflows in January to September reached $13.2 billion and gross outflows totalled $10.5 billion, resulting in a nine-month net inflow of $2.63 billion. -Inflows in September rose following news of the European Central Bank's plan to buy bonds of distressed euro zone economies and Spain's announced cuts to its budget as well as the U.S.
SEATTLE-- Kristine Nannini spent her summer creating wall charts and student data sheets for her fifth grade class _ and making $24,000 online by selling those same materials to other teachers.
TOKYO-- Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more transparent.
BERLIN-- Germany's leading economic research institutes have halved their prediction for the country's growth next year, saying the financial woes of other European nations continue to weigh heavily on the bloc's largest economy.
NEW DELHI, Oct 11- Jeet Thayil, one of the nominees for the 2012 Man Booker Prize for the year's best novel in English, paints a stark portrait of Mumbai, or Bombay as he calls it, in his debut novel "Narcopolis". Thayil spoke with Reuters about his deep relationship with Bombay, his addiction and how this book came about.
*Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
NEW DELHI, Oct 11- India's annual exports fell for the fifth consecutive month and imports rose in September, pushing the trade deficit to its widest in 11 months in the latest bleak data from Asia's third largest economy as it struggles to balance its finances.
Oct 11- Fitch Ratings expects adverse conditions in European truck manufacturers' markets to depress profitability and cash generation in 2012..
BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.