CANBERRA, Australia— Australia announced on Sunday that it would join negotiations to establish a new a Chinese-led Asian regional bank that has emerged as a potential challenge to United States influence in a part of the world where the Obama administration has tried to forge stronger ties. The U.S. also worries the new bank will undercut the World Bank, where...» Read More
*Q2 LfL sales up 1.9 pct ex fuel. LONDON, Oct 3- J Sainsbury, Britain's third-biggest supermarket group, posted better than expected quarterly sales growth, boosted by strong take-up of its own label range and the roll out of its convenience stores.
*Espirito Santo Investment Bank raises Telenet and Ziggo. *Espirito Santo Investment Bank raises Kabel Deutschland fair value. *Espirito Santo Investment Bank raises Virgin Media fair value to.
WELLINGTON/ SYDNEY, Oct 3- The Australian dollar slumped on Wednesday as a shock widening in the country's trade deficit stoked speculation of more cuts in domestic interest rates, driving bond yields to two-month lows. The Australian dollar skidded to $1.0206, its lowest since Sept 6, having easily knocked out options at $1.0250.
*China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.
LONDON, Oct 3- Marjorie Scardino, the chief executive of publishing group Pearson, is to step down at the end of the year after 16 years in the job, bringing to an end a period of transformational change for the group.
TOKYO, Oct 3- Japan's Nikkei average fell to a three-week closing low on Wednesday as investors remained cautious ahead of a series of key events this week, including policy meetings by the European Central Bank and the Bank of Japan and U.S. jobs data.
*Earnings before tax and exceptional items are in line with our expectations.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.
*Jefferies raises Atwood Oceanics Inc price target to $58 from $56;. *Jefferies cuts Basic Energy Services Inc price target to $10 from. *Jefferies cuts Precision Drilling Corp price target to $10 from $11;.
*Jefferies raises Celgene Corp price target to $91 from $81; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*HSBC cuts Fortum Oyj to underweight from overweight. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Oct 3- Tyco International Ltd:. *Nomura cuts Tyco International Ltd target price to $30 from $56;. Reuters Station users, click. 1568.
OSLO, Oct 3- Norway's Petroleum Geo-Services, whose ships scan the seabed for oil, had 46 percent of its capacity allocated to contract seismic survey in the third quarter, up from 40 percent in the second quarter, it said on Wednesday.
LONDON, Oct 3- Dunelm Group PLC:. *Q1 total sales value 151.8 million STG. *Q1 total sales growth +13.8 percent.
TOKYO, Oct 3- Japan's top currency tsar repeated determination to act firmly against excessive yen gains, saying its recent movements have been one-sided and do not reflect the country's economic fundamentals.
*Britain's FTSE 100 index is seen opening 9 to 14 points, or as much as 0.2 percent, lower on Wednesday, according to financial bookmakers.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, set an indicative price range on Wednesday for its initial public offering of stock at $10- $12 per Global Depository Receipt.
*The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.
Oct 3- Gaylord Entertainment Co:. *JMP raises Ryman Hospitality Properties price target to $50 from $45;. Reuters Station users, click. 1568.
NEW LISTINGS OR, AMENDMENTS ARE MARKED* KEY INTEREST RATES ECB'S TWO-WEEK REPO rate 0.75 last changed JULY 5, 2012 former rate 1.00 SLOVAK REAL GDP Q2/12 FLASH ESTIMATE +0.7 +2.7 SLOVAK REAL GDP Q2/12 Q1/12 Q2/11 FY/11 +2.8 +3.0 +3.5 +3.3 Final consumption Household -0.3 -0.1 -0.1 -0.4 Government -2.1 +0.4 -5.1 -3.5 Gross fixed capital formation -1.1 -3.9 +6.4 +5.7 Foreign trade balance exports of goods and services +8.9 +6.0 +13.1 +10.8 imports of goods and services +3.2 +2.1 +10.9 +4.5 SLOVAK REAL GDP FY/2011 +3.3 FY/2010 +4.2 FY/2009 -4.9 FY/2008 +5.9 FY/2007 +10.5 FY/2006 +8.3 FY/2005 +6.7 FY/2004 +5.1 FY/2003 +4.8 FY/2002 +4.6 FY/2001 +3.5 FY/2000 +1.4 C/A BALANCE JUNE 12 MAY 12 JUNE 11 +364.0 +449.0 -19.0 C/A BALANCE END-2011 END-2010 END-2009 +38.0 -1.637 -1.627 FOREIGN TRADE JULY 12 JUNE 12 JULY 11 JAN-DEC 11 Imports 4,578.9 4,983.0 4,227.5 53,966.1 Exports 4,977.9 5,331.9 4,252.6 56,407.9 Balance +399.0 +348.8 +25.1 +2,441.9 DYNAMICS OF TRADE nominal imports +8.3 +8.4 +9.5 +13.6 nominal exports +17.1 +11.4 +12.9 +16.9 SLOVAK UNEMPLOYMENT AUG 12 JULY 12 AUG 11 pct of workforce 13.19 13.27 13.12 number available for work 356,423 358,652 349,885.