BERLIN— German train drivers have started a five-day strike, their longest walkout yet in an increasingly bitter dispute with the country's railway operator. Passenger train drivers walked off the job at 2 a.m. Tuesday, joining freight train drivers who already started their strike Monday. The GDL union says the drivers won't return to the job until 9 a.m. Sunday.» Read More
HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.
JOHANNESBURG, Oct 9- Industrial group Famous Brands has formed a joint-venture with Coega Dairy that will manufacture a variety of cheese products, the company said on Tuesday. Coega Dairy is a dairy manufacturing business owned by local farmers, factory and farm employees.
Oct 9- Reliance Power Ltd:.
The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.
Oct 9- Rackspace Hosting Inc:. *RBC raises Rackspace Hosting Inc price target to $71 from $60; rating. Reuters Station users, click. 1568.
TOKYO, Oct 9- The benchmark Nikkei average. Sanyo Industries Ltd shot up 14.1 percent to 146 yen, a five-month high, after the construction materials maker forecast an operating profit of 200 million yen for the six months ending Sept. 30, up from a previous forecast of an operating loss of 100 million yen, thanks to cost-cutting efforts.
SLOVAK EU-NORM INFLATION AUG 12 JULY 12 AUG 11. SLOVAK HEADLINE CPI AUG 12 JULY 12 AUG 11. *INDUSTRIAL OUTPUT AUG 12 JULY 12 AUG 11.
TAIPEI, Oct 9- Taiwan stocks ended down 0.31 percent on Tuesday, with HTC. limit-down after posting a 79 percent fall in net profit in the third quarter, missing forecasts. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
*Nomura raises Africa Oil Corp price target to Sek 100 from Sek 90;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Sale of shareholding in steel& tube. *Says has appointed an investment bank to underwrite and manage the sale of. its steel& tube shares at a fixed price of NZ $2.05 per share.
TAIPEI, Oct 9- TSMC, the world's biggest contract chip maker, said on Tuesday that unconsolidated sales in September rose 30.3 percent from a year earlier, though they fell back from August.
PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.
*JP Morgan cuts Directv to neutral from overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
fall after the Finance Ministry cuts the rebates paid on certain types of exports. *The investment bank says fiscal 2014 earning of Bajaj Auto, Ashok Leyland, and TVS Motors will be impacted by 6 to 10 percent, assuming prices of their vehicles remain constant. *Bajaj Auto falls 1.8 percent, TVS Motors falls 1 percent while Ashok Leyland is down 0.8 percent.
Oct 9- Vocera Communications Inc:. *Baird raises Vocera Communications Inc price target to $29 from $26;. Reuters Station users, click. 1568.
Oct 9- Superior Plus Corp:. *CIBC raises Superior Plus Corp price target to C $9.50 from C $8.75;. Reuters Station users, click. 1568.
Oct 9- Taseko Mines Ltd:. *Canaccord Genuity cuts Taseko Mines Ltd to hold from buy; raises. Reuters Station users, click. 1568.
*KBW cuts GFI Group Inc, Lazard Ltd to market perform from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 9- State Auto Financial Corp:. *KBW cuts State Auto Financial Corp to underperform from market. Reuters Station users, click. 1568.