DUBAI, Dec 25- Saudi Arabia plans to raise government spending 0.6 percent to a record high in its 2015 budget while covering a large deficit due to plunging oil prices with its huge fiscal reserves, the Ministry of Finance said on Thursday. Some analysts believe Riyadh is content to see oil prices fall as a way to squeeze out competing producers in non- OPEC nations.» Read More
By Josephine Mason and Susan Thomas. NEW YORK/ LONDON, Oct 11- The London Metal Exchange may add morning rounds of open-outcry trading for its unique futures contracts, senior trade sources say, as the new Hong Kong- based owners plot their first major move to hold off intense competition from their Shanghai rival.
The U.S. government said China has subsidized companies that are flooding the U.S. with low-cost panels. Both U.S. and China- based solar companies gained in afternoon trading. However, another big gainer was Canadian Solar Inc., which has operations in both the U.S. and China. Its shares rose 15 cents, or 5.7 percent, to $2.78.
Dean Foods Co. shares fell Thursday after a UBS analyst downgraded his rating on the company's shares, expressing concern about rising dairy prices. THE BIG PICTURE: Dean Foods is one of the nation's largest dairy processors and milk distributors.
MILAN, Oct 11- Italian insurer Unipol has lodged an appeal against conditions laid down by the country's competition watchdog to clear its planned takeover of peer Fondiaria-SAI to create Italy's No.2 player. Shares in Unipol ended down 1.25 percent at 1.73 euros, underperforming a 1.2 percent gain on the Milan blue chip index.
*Thailand to make all sovereign debt baht-denominated.
Oct 11- Terra Energy Corp:. *Announces further extension to lending facility. or before October 31, 2012* Source text* Further company coverage ().
By Pedro Nicolaci da Costa. WASHINGTON, Oct 11- U.S. unemployment remains "painfully high" while inflation is not an immediate concern, giving the Federal Reserve plenty of reason to launch a new stimulus last month, a top Fed official said on Thursday.
Oct 11- U.S. truck maker Oshkosh Corp advised its shareholders on Thursday to take no action related to activist investor Carl Icahn's offer to buy all outstanding shares in the company for $32.50 each.
LONDON, Oct 11- BBVA shifted its stance of calling subordinated bonds at the earliest opportunity, as Spain's second largest bank struggles to fund at sustainable levels in the wholesale markets. On Wednesday, Austria's Raiffeisen Bank International gave investors in a Tier 2 bond a similar warning.
*Says will advise shareholders of its position regarding the unsolicited icahn. tender offer within 10 business days. *Says shareholders are advised to take no action now pending a review of.
PARIS, Oct 11- President Francois Hollande's Socialist government moved on Thursday to halt a push to extend a wealth tax to artworks, eager to head off a new tax row during a belt-tightening drive.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate and maintenance curbs on North Sea output continue.
PARIS, Oct 11- European stocks rallied on Thursday after a drop in U.S. jobless claims while Spain's credit downgrade raised expectations that Madrid would soon request a bailout.
ELLISVILLE, Miss.-- GE Aviation will begin taking applications Nov. 5 for its new Ellisville, Miss., composites factory. The unit of General Electric Co. made the announcement Thursday as Gov. General Electric says it's investing $56 million in the Ellisville plant to meet growing aerospace demand.
WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.
MARTINSVILLE, Va.-- Titanium production is under way at RTI International Metals Inc.' s new $135 million plant in Martinsville, Va.. Pittsburgh- based RTI says the plant produced its first certified commercial aerospace titanium product on Thursday.
FRANKFURT, Oct 11- Lufthansa is transferring short-haul flights to its no-frills Germanwings brand as it battles to return to profit in Europe in the face of cut-throat competition from budget rivals Ryanair and easyJet.
The head of an internal UBS probe into "rogue trader" Kweku Adoboli, accused of losing the Swiss bank $2.3 billion, did not consider whether others at the bank might have been involved, a London court heard. said Pascal Boillat would take over as the new head of GF AgieCharmilles when Jean-Pierre Wilmes retires on Jan. 1, 2013.
NEW YORK-- The Financial Industry Regulatory Authority has fined financial services firm Guggenheim Securities LLC $800,000 for failing to supervise two former traders who tried to hide a 2008 trading loss. Guggenheim Securities, Rekeda and Day neither admitted nor denied the charges but consented to FINRA's findings.
*S&P Capital IQ cuts Stallergenes to sell from hold; target price to. 40 euros from 46 euros. Reuters Station users, click. 1580.