*Russia, some OPEC members want 1 million bpd output cut. *OPEC meets in Vienna on Thursday to discuss production. SINGAPORE, Nov 25- Brent crude oil prices started Tuesday's Asian trading under $80 a barrel as traders lowered their expectation of a significant output cut by oil producers' club OPEC.» Read More
NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd. Kingfisher is in talks with employees and will make a call on lifting the partial lockout on Thursday, Chief Executive Sanjay Aggarwal told reporters on Tuesday after a meeting with the country's aviation regulator.
*European shares fall in early trading, euro dips back below $1.29. LONDON, Oct 2- European shares and the euro dipped on Tuesday as investors worried about Spain's economic troubles and a gloomy outlook for global growth, cashing in recent gains.
*Inflation a greater risk than economic slowdown. MOSCOW, Oct 2- Russia's central bank may hold or raise interest rates at its meeting this week, a policymaker said on Tuesday, signalling the bank's strong focus on inflation after it made a surprise hike last month.
MOSCOW, Oct 2- The following are some of the leading stories in Russia's newspapers on Tuesday. -Russia's main lender Sberbank raised its mortgage rates to 13.25 percent with analysts expecting other banks to follow. -Russian drug traders make up to 20 billion roubles a year, head of Russia's anti-drug watchdog Victor Ivanov says in an interview.
FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, rose 4.1 percent in the first minutes of trading following their debut on the Frankfurt stock exchange, with the flotation seen as testing the health of Europe's fragile IPO market. Shares in the group started trading at 19.05 euros per share on Tuesday, higher than the offer price of 18.30 euros.
BRUSSELS, Oct 2- The EU's antitrust chief reiterated on Tuesday his doubts whether Austrian telecoms operator Hutchison 3 G could provide a satisfactory proposal to sooth concerns over its 1.3 billion euro bid for France Telecom's Orange Austria.
MADRID-- The number of people registered as unemployed in Spain rose by a little under 80,000 people to 4.71 million in September as the summer tourism season came to an end and businesses let workers go, the Labor Ministry said Tuesday.
Oct 02- Fortescue Metals Group Limited. *Moody's confirms Fortescue's Ba3 CFR, downgrades Sr. Unsec. to B1 and assigns Ba1 to secured loan; outlook negative.
MOSCOW, Oct 2- Russian steel and coal miner Mechel reported on Tuesday a surprise $823 million net loss for the second quarter of 2012, compared to a $192 million net profit as reported in the year-earlier period. Stripping off impairment charges, the net loss amounted to $177 million, the company said in a statement.
*Extend maturities for $1.8 bln debt to December 2016. COPENHAGEN, Oct 2- Debt-laden Danish shipping group Torm A/S has struck a long-awaited deal with its banks that will see them take a majority stake in the firm in exchange for extending $1.8 billion of debt and giving it access to fresh funds.
WARSAW, Oct 2- Environmental group ClientEarth, which has blocked Polish top utility PGE's 11.6- billion zloty power project said on Tuesday the latest court ruling lifted the investment ban. Earlier, a Polish court ordered a re-examination of the stalled investment, which could still delay Poland's largest power sector contract to date.
Chubu Electric is the third-largest power company in Japan in terms of electricity sales, providing about 15% of the nation's total electricity. The ratings on Chubu Electric reflect its strong business and customer base.
LONDON, Oct 2- Britain's benchmark share index slipped back on Tuesday, falling below a key technical level of 5,800 points, with plumbing and building supplies group Wolseley. the worst-performer after posting profits below the consensus forecast. The blue-chip FTSE 100 index was down by 0.5 percent, or 29.36 points lower, at 5,791.09 points by 0710 GMT.
OSLO, Oct 2- Norway's Kollsnes gas processing plant will return to full production on Wednesday, later than earlier expected, gas system operator Gassco said in a market message on Tuesday.
AMSTERDAM, Oct 2- The Dutch justice department requested information from Rabobank, on behalf of foreign investigators, concerning the role it may have played in the manipulation of interbank lending rates, a Dutch newspaper reported on Tuesday.
ASTANA, Oct 2- Kazakhstan's state oil and gas company, KazMunaiGas, plans to raise crude oil production by slighlty more than 60 percent over the next decade, Chief Executive Lyazzat Kiinov said on Tuesday.
*Decision further delays Poland's No.1 power sector deal. WARSAW, Oct 2- A Polish court on Tuesday ordered a re-examination of the 11.6- billion zloty investment in new power units by Poland's top utility PGE, further delaying the construction project keenly awaited by local builders.
BRUSSELS, Oct 2- Shares in Ablynx hit a new one-year high after the Belgian drug developer announces it is entering into a potentially lucrative partnership with Merck& Co.
Oct 02- Fitch Ratings has affirmed eight classes from three Torrens series- Series 2005-1 TORRENS Trust, Series 2005-3 TORRENS Trust, and TORRENS Series 2006-1. As of 31 August 2012, the 30+ day delinquencies of the collateral pools were 2.05%, 2.1% (Series 2005-3 TORRENS Trust) and 2.43% (TORRENS Series 2006-1).