FRANKFURT/ MAINZ, Germany, May 27- Germany started an auction of radio frequencies for mobile phone network operators, hoping to raise billions of euros to help improve a national broadband network that has fallen behind those of poorer countries such as Hungary, Portugal and Spain. "The auction will point the way for the development of mobile services in Germany,"...» Read More
DUBAI, United Arab Emirates-- Flights were snarled at the Middle East's busiest airport in Dubai early Wednesday after a backup system needed to deal with heavy fog failed, forcing airlines to divert dozens of planes.
BUCHAREST, Oct 10- Romania's annual inflation jumped to 5.3 percent on the year in September, above the central bank's target and reducing its scope to cut interest rates to help a languishing economy. Other data showed Romania's adjusted industrial output.
Oct 10- French national statistics office released the following indicator for industrial output in August on Wednesday.
LONDON, Oct 10- Britain's top shares index edged lower in early trade on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, and with investors looking to third-quarter corporate earnings for fresh direction. Alcoa kicked off the U.S. third-quarter earnings season after Wall Street's close on Tuesday.
*Canaccord Genuity raises Lo Q Plc target price to 360 p from 335 p;. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
The BSE index fell 0.58 percent and the 50- share NSE index also declined 0.64 percent after S&P warned about a possible downgrade in India's credit rating, reiterating its June stance if growth prospects and external position worsen, or fiscal reforms slow. India's benchmark 10- year bond yield. India's benchmark 5- year OIS up 1 bp at 6.97 percent.
AMSTERDAM, Oct 10- Shares in Dutch delivery group TNT Express fell as much as 2.5 percent on Wednesday after the Financial Times reported the European Union would object to American rival UPS's 5.2 billion euro bid for TNT. TNT Express shares were down 0.8 percent at 8.09 euros by 0711 GMT, compared with UPS's bid of 9.50 euros per share.
*Goldman Sachs starts Lundin Mining Corp with buy rating. *Goldman Sachs raises Boliden AB to buy from neutral; price target to. *Goldman Sachs cuts Nyrstar SA to neutral from buy; price target to.
ST. LOUIS-- Farmers in a stretch of Illinois where most of the nation's pumpkins are grown say their crop looks relatively smashing and is likely to be one of the few successes in a year when severe drought baked most of the nation's heartland. But John Ackerman said most of the pumpkins he planted fared "fantastic" for a simple, single reason: Pumpkins dig dry weather.
*Barclays cuts Advanced Micro Devices price target to $3 from $5;. *Barclays cuts Altera Corp price target to $37 from $39; rating. *Barclays raises Cavium Inc price target to $37 from $34; rating.
BUCHAREST, Oct 10- Romania's annual inflation jumped to 5.3 percent on the year in September, above the central bank's target and reducing its scope to cut interest rates to help a languishing economy.
LONDON, Oct 10- European shares fell on Wednesday, losing ground for the third consecutive session, pegged back by concerns over the euro zone and the prospects of weak corporate earnings.
Oct 10- China shares edged up slightly on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps. The CSI300 index of top Shanghai and Shenzhen listings and the Shanghai Composite both rose 0.2 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/ CLOSE.
COPENHAGEN, Oct 10- Denmark's EU-harmonised consumer price index rose 2.5 percent in September from a year earlier, the statistics office said on Wednesday. The rate slowed from a 2.6 percent increase in August.
JOHANNESBURG, Oct 10- South Africa's rand firmed against the dollar on Wednesday buoyed by the possibility that some striking workers could return to work after weeks of labour unrest that has threatened to cripple Africa's biggest economy.
*Toyota falls on vehicle recall, China sales slump. *Tokyo Electron rises after Q2 orders beat expectations. TOKYO, Oct 10- Japan's Nikkei average shed 2 percent to hit a two-month closing low on concerns that coming corporate earnings will be hurt by sluggish global growth, as the IMF cut its forecasts for the second time since April.
*Vontobel raises AMS target price to Sfr 120 from Sfr 94; rating buy. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*HSBC raises Afren Plc targt price to 190 p from 170 p; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Seymour Pierce raises Supergroup PLC price target to 750 p from 650 p;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Oct 10- Enel OGK-5 OAO:. *HSBC raises Enel OGK- 5 OAO to overweight from neutral; price. traget to 2.5 roubles from 2.46 roubles.