Business News


  • 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.

  • NEW DELHI, Oct 3- India's Kingfisher Airlines Ltd, which has cancelled all flights through Thursday, faces a potentially prolonged shutdown until the cash-strapped carrier clears a salary backlog going back months. Kingfisher has debt of $1.4 billion, owed mostly to government-controlled banks including State Bank of India, the country's top lender.

  • JOHANNESBURG, Oct 3- Anglo American Platinum Ltd:.

  • WARSAW, Oct 3- GDF Suez would demand compensation from Poland if the country brings in a new renewables law cutting support for green energy, Chief Executive of GDF's Polish unit Grzegorz Gorski was quoted saying on Wednesday.

  • CLSA Asia Pacific Markets sees a further downside risk to consensus earnings estimates in the Indonesian coal sector and advises investors to remain underweight and avoid chasing momentum. "Despite market optimism, Newcastle thermal benchmark coal prices have trended down to $84/ tonnes.

  • Japan retrieves first shale oil in test drills Wednesday, 3 Oct 2012 | 2:32 AM ET

    TOKYO, Oct 3- Japan Petroleum Exploration. The country's oil and gas needs have spiked after most of Japan's nuclear power stations were shut down due to the Fukushima nuclear disaster, forcing Tokyo to spend millions of dollars more on fuel for electricity generation.

  • Australia shares clinch highest close in 14-months Wednesday, 3 Oct 2012 | 2:29 AM ET

    MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.

  • UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 2:29 AM ET

    HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • Nikkei hits 3-week closing low, Fast Retailing shines Wednesday, 3 Oct 2012 | 2:28 AM ET

    *Fast Retailing strong on report sales to reach 1 trln yen. TOKYO, Oct 3- Japan's Nikkei average fell to a three-week closing low on Wednesday as investors remained cautious ahead of a serious of key events this week, including policy meetings by the European Central Bank and the Bank of Japan and U.S. jobs data.

  • Slovakia - Factors To Watch on Oct 3 Wednesday, 3 Oct 2012 | 2:22 AM ET

    BRATISLAVA, Oct 3- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Wednesday. SLOVAKIA TO OFFER 13- YEAR BONDS ON OCT. 15- DEBT AGENCY. Slovakia will hold an auction of 13- year, 4.35 percent coupon, state bonds on Oct. 15, the finance ministry's Debt and Liquidity Management Agency said on Tuesday.

  • Czech Republic - Factors To Watch on Oct 3 Wednesday, 3 Oct 2012 | 2:20 AM ET

    PRAGUE, Oct 3- Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday. PRAGUE- The Czech cabinet to hold a session. PRAGUE- First round of VAR/23.

  • BRIEF-Premier Foods names ex-Uniq CEO Eaton as COO Wednesday, 3 Oct 2012 | 2:19 AM ET

    LONDON, Oct 3- Premier Foods PLC:. *Appointment of chief operating officer. *Geoff Eaton appointed chief operating officer.

  • Oct 3- Halozyme Therapeutics Inc:. *JMP raises Halozyme Therapeutics price target to $10 from $9; market. Reuters Station users, click. 1568.

  • BRIEF-Timeweave recommends takeover bid Wednesday, 3 Oct 2012 | 2:18 AM ET

    LONDON, Oct 3- Timeweave PLC:.

  • RESEARCH ALERT-JMP raises Acuity Brands price target Wednesday, 3 Oct 2012 | 2:18 AM ET

    Oct 3- Acuity Brands Inc:. *JMP raises Acuity Brands price target to $72 from $65; market. Reuters Station users, click. 1568.

  • Shares in CP All Pcl, Thailand's largest convenience store chain, hit their highest in more than four months on hopes of strong fourth-quarter earnings and the stock's attractive valuation. At the mid session break of 0530 GMT, CP All shares were up 3.45 percent at 37.5 baht, their highest since May 14.

  • Nokia mulls selling its headquarters Wednesday, 3 Oct 2012 | 2:17 AM ET

    HELSINKI, Oct 3- Struggling cellphone maker Nokia. The glass and steel building by the Baltic Sea is valued at 200- 300 million euros, according to a report by Finnish newspaper Iltasanomat. Nokia, which has been trying to improve its finances through large job cuts and other measures, told investors in July it was.

  • BRIEF-FirstGroup says disappointed by DfT move Wednesday, 3 Oct 2012 | 2:17 AM ET

    LONDON, Oct 3- Firstgroup PLC:. *Until this point we had no indication that there were any issues with the. *We had received assurances from the dft that their processes were robust.