GO
Loading...

Wires

More

  • SEOUL, Oct 11- The Bank of Korea cut interest rates as well as growth forecasts on Thursday, and although predicting a recovery ahead, its cautious view on the economy prompted many analysts to bet on another cut early next year.

  • Spain worries hurt European equity markets Thursday, 11 Oct 2012 | 4:08 AM ET

    *S&P downgrade to Spain pegs back European equities. LONDON, Oct 11- A rating cut that added to concerns over Spain pegged back European equities on Thursday, although gains in major retail and fashion stocks enabled some key indexes to edge into positive territory.

  • Oct 11- WH Smith Plc said Chief Executive Kate Swann will step down on June 30, after running the books and stationery retailer for a decade, sending its shares down as much as 7 percent. Steve Clarke, managing director of the company's High Street division, will take over from Swann on July 1.

  • *Telenor still needs local partner for new business* Spectrum auction set for November for new licences* Telenor has not yet decided to participate in new auction* Unitech-Telenor JV caught in controversial court case By Devidutta Tripathy and Victoria Klesty.

  • Hong Kong shares gain on China strength, property weak Thursday, 11 Oct 2012 | 4:07 AM ET

    HONG KONG, Oct 11- Hong Kong shares ended higher on Thursday on the back of strength in Chinese banks and infrastructure stocks on hopes of stimulus measures, while local property developers were hit by profit-taking following their recent outperformance.

  • BRIEF-Porsche says September global sales up 13 percent Thursday, 11 Oct 2012 | 4:05 AM ET

    *Porsche says September global sales up 13 percent.

  • Asia Coffee-Vietnam new crop on offer; trade cautious Thursday, 11 Oct 2012 | 4:05 AM ET

    *Vietnam's new crop offered at $30 below London. SINGAPORE, Oct 11- Trading houses offered beans from Vietnam's new crop at discounts to London futures this week, but Indonesian robustas returned to premiums despite a lack of interest from roasters, dealers said on Thursday.

  • Burberry leads Britain's FTSE 100 up from 1-week lows Thursday, 11 Oct 2012 | 4:04 AM ET

    *FTSE 100 up 0.2 pct, off an earlier one-week low. LONDON, Oct 11- Britain's FTSE 100 share index edged up from one-week lows on Thursday, with concerns about the euro zone crisis offset by signs of slightly better trading at luxury fashion house Burberry.

  • *Ericsson signs loan agreement with the European investment bank. *Says EUR 500 million loan supports ericsson's research and development. *Says Ericsson has an option for disbursement until April 2014.

  • *Plans to maintain second parallel listing in Athens* Says will maintain its operations in Greece. ATHENS, Oct 11- Coca Cola Hellenic, the world's second-largest bottler of Coca-Cola Co. soft drinks and Greece's biggest firm by market value, said on Thursday it would switch its main bourse listing to London, where it hopes to tap more liquidity from investors.

  • RESEARCH ALERT-ESN/Bankia Bolsa raises Mapfre to buy Thursday, 11 Oct 2012 | 4:00 AM ET

    *ESN/Bankia Bolsa raises Mapfre to buy from accumulate. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • FRANKFURT, Oct 11- Economic growth in the euro zone economy is expected to remain weak and "high uncertainty" is weighing on confidence, the European Central Bank said on Thursday in its monthly bulletin, adding that inflation expectations remained firmly anchored.

  • Oct 11- Wartsila Oyj Abp:. *ESN/Pohjola raises wä rtsilä to hold from reduce. Reuters Station users, click. 1580.

  • Oct 11- Three months ended Sept 30. Net Profit 370.4 vs 193.6 Net Sales 4.79 vs 4.41 EPS 1.13 vs 0.59 NOTE: Electrosteel Castings Ltd makes castings and pipes. *Source text:* Further company coverage ().

  • RESEARCH ALERT-ESN/Pohjola cuts Basware to reduce Thursday, 11 Oct 2012 | 3:57 AM ET

    *ESN/Pohjola cuts Basware to reduce from hold. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • MADRID, Oct 11- Spanish consumer prices rose at their fastest pace in 16 months in September, data showed on Thursday, one more headache for Madrid after ratings agency S&P downgraded its sovereign debt to one notch above junk overnight.

  • The world's largest specialty toy retailer said it would ship to more than 60 countries in north, south and central America, Asia and Europe. The firm said on Wednesday it will open toy departments in 24 Macy's stores this holiday season.

  • ANKARA, Oct 11- Turkey's current account deficit narrowed more sharply in August, falling to $190 million excluding energy import payments, Finance Minister Mehmet Simsek told Reuters on Thursday.

  • Citi upgrades U.S. equities to "overweight" despite a slowing world economy with risks to the downside, while avoiding Japanese and euro zone equities on profit concerns. The upgrade of the U.S. comes at the expense of Japan, which is downgraded from "neutral" to "underweight", with profit recovery since the earthquake in 2011 coming in below the bank's expectations.

  • RESEARCH ALERT-Panmure cuts Informa target price Thursday, 11 Oct 2012 | 3:52 AM ET

    *Panmure cuts Informa target price to 525 p from 565 p; rating buy. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.