Business News


  • ASTANA, Oct 3- Kazakhstan's oil pipeline monopoly plans to raise more than $100 million through an initial public share offer as part of the central Asian country's "People's IPO" programme, the deputy head of its parent company said.

  • ANKARA, Oct 3- Turkey's consumer price index rose 1.03 percent month-on-month in September, compared with a Reuters poll forecast of a 1.10 percent rise, for a year-on-year increase of 9.19 percent, the Turkish Statistics Institute said on Wednesday.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • PARIS, Oct 3- Carmat SA:.

  • PRESS DIGEST-Funds Industry News - Oct 3 Wednesday, 3 Oct 2012 | 2:59 AM ET

    *Legal& General Investment Management, one of the UK's biggest shareholders, has stepped up efforts to crack down on excessive pay by voting against 18 remuneration committee chairmen on company boards so far this year.

  • NEW DELHI, Oct 3- India's aviation regulator will submit a report on Kingfisher Airlines to the government on Thursday, Aviation Minister Ajit Singh told reporters on Wednesday.

  • Oct 3-:* Goldman Sachs cuts Alfa target price to 164 Sek from 171 Sek. *Goldman Sachs cuts Nexans target price to 24 euros from 29 euros. *Goldman Sachs cuts Cookson target price to 700 P from 755 P.

  • 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.

  • HONG KONG, Oct 3- Hong Kong authorities began inspecting the wreckage of a leisure ship on Wednesday amid questions over how a collision with a commuter ferry in relatively calm weather could have killed 38 people in one of the city's worst accidents in recent decades.

  • GREECE - Factors to Watch on October 3 Wednesday, 3 Oct 2012 | 2:53 AM ET

    Greece's Piraeus Bank has struck a preliminary deal to buy French lender Societe Generale's loss-making Greek unit Geniki. FRANCE, FINLAND WANT SWIFT SPAIN, GREECE SOLUTIONS.

  • TOKYO, Oct 3- Failed chipmaker Elpida Memory Inc. A committee set up by the court to examine plans involving a takeover by U.S. rival Micron Technology Inc and rival one from a group of Elpida bondholders is now expected to make a recommendation by Oct. 29, one month later than earlier estimated, Elpida said in a statement posted on its website on Friday.

  • SINGAPORE, Oct 3- Brent crude futures slipped below $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.

  • The gap between U.S. and euro zone equities is set to narrow further, as risk premium attached to the euro zone fades, economic growth in the United States risks disappointing and investors move away from extreme positioning, says BNP Paribas. S&P 500 on a six to 12 months horizon.

  • RESEARCH ALERT-UBS cuts Schroders to sell Wednesday, 3 Oct 2012 | 2:46 AM ET

    *UBS cuts Schroders to sell from neutral For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • MADRID, Oct 3- Spain's Telefonica said on Wednesday it expected to list its German unit, Telefonica Deutschland Holding A.G., on the Frankfurt stock exchange in the fourth quarter of this year. The company said had not yet decided what percentage of capital it would list.

  • LONDON, Oct 3- Pearson Chief Executive Marjorie Scardino is to step down after 16 years in the job in which she transformed the group from a diverse set of assets into an educational and media powerhouse.

  • RESEARCH ALERT-Finncap raises BTG to hold Wednesday, 3 Oct 2012 | 2:41 AM ET

    *Finncap raises BTG PLC to hold from sell. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • UPDATE 1-UK Stocks-Factors to watch on Wed, Oct 3 Wednesday, 3 Oct 2012 | 2:40 AM ET

    *Britain's FTSE 100 index is seen opening 9 to 14 points lower, or as much as 0.2 percent, on Wednesday, according to financial bookmakers.

  • LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.

  • BRUSSELS, Oct 3- Heineken NV said on Wednesday it had cancelled a 2.5 billion euro bridge loan to fund its acquisition of Asia Pacific Breweries after the issue of dollar-denominated notes.